The $343 billion insurance fund has so far submitted notices of redemption for $4.1 billion.
Investors had “more ambitious return targets” for private equity than hedge funds, but were under-allocated to the asset class, according to Preqin.
An independent think tank claims sovereign wealth funds are unlikely to have been forced sellers.
Tilting an already tilted portfolio can result in higher active share as well as better factor combinations, according to Morningstar.
In choosing to liquidate their hedge fund portfolios, CalPERS and NYCERS are the exception, not the rule, according to Preqin.
The Canadian fund has created a new infrastructure subsidiary while the US’ biggest pension is reorganizing its real assets investments.
The $55 billion public plan blamed high fees and underperformance for unwinding its $1.7 billion hedge fund portfolio.
UK pensions hiked their exposure to fixed income last year in the face of low—and in some cases negative—yields.
Investors want to know more about the underlying assets in private equity portfolios, according to State Street.
Despite recent negative returns, emerging market equities are more attractive than ever, according to Parametric’s Tim Atwill.