Illiquid asset classes are among those viewed as stable amid growing uncertainty about the U.S. economy and global public markets.
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Jonathan Grabel, CIO of the Los Angeles County Employees Retirement Association, spoke with CIO as a part of the 2025 CIO interview webinar series about asset allocation, how a plan can construct a portfolio against the changing dynamic of interest rates, and more.
The pension fund raised its asset value by $3.5 billion to $38.7 billion despite ending the year with a Q4 loss.
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
