The more cautious approach to direct private equity investing at the second-largest US pension plan contrasts with a more aggressive approach by CalPERS, the biggest US plan.
Global economic forecasts offer somber, even gloomy, outlook for 2019.
A major asset allocation reboot has reduced equities and increased the system’s absolute return or hedge fund allocations as well as put more money in private equity, real assets, and private credit strategies.
Asset class is top choice for US, UK public pensions in Q3
Former Treasury chief sees risk from slumping stock market, Fed tightening, and international tensions.
If CalPERS can keep pace, it could surpass the $5.3 billion in private equity commitments in the prior fiscal year
Survey reveals trends and asset allocations of investors.
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Ratio of liabilities to personal income rises to 3.6%, according to Fitch Ratings.
Bridgewater superstar says a strategic asset mix will ‘distinguish the winners and losers’ in the next slump.
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.