Italian Fund to Add Infrastructure, Real Estate
Solidarietà Veneto’s private market experience helped build confidence in beefing up alts exposure.
Asset Allocation
Companies’ Towering Debt Might Not Bring Widespread Defaults
Junk bonds do better when interest rates are low, like now, Nataxis finds.
NYC Pension Funds Beats Target, Returns 7.24% in 2019
Higher return on actuarial asset value equates to $112 million in total savings
Passive Makes Active Aggressive
Index-tracking trend forces active managers to cut fees to compete.
CalSTRS Takes a Look at Other Allocation Options
Pension identifies six potential asset allocations for $236.9 billion portfolio.
New Private Equity Commitments Continue at Washington State Investment Board
Up to $650 million in new commitments are part of a plan to keep up the retirement system’s 20%-plus allocation to private equity.
Oregon PERF to Shift Public Equity Allocations
Risk parity, alts-focused diversifying strategies portfolios introduced at meeting.
Arizona PSPRS Consolidates 10 Asset Classes into 3
Public safety pension plan will benefit from greater simplicity, says CIO Mark Steed.
Norway’s Pension Giant Revokes Walmart, Rio Tinto Exclusions
Trillion-dollar pension also lifts bans on General Dynamics, Nutrien, Grupo Carso.
Ontario Teachers’ Blasting Off with SpaceX
Canadian pension fund interested in Elon Musk’s rocket business, in particular its Starlink satellite network project.
Illinois SURS Gears Up for Unique Crisis-Prevention Allocation
Report reviews primary risks and potential gains with lofty 20% allotment.
CalPERS Sets Up Trust to Allow Employers to Prefund Contributions
New prefunding trust to act as ‘almost a defined contribution plan.’
Texas Employees’ Tees Up Major Investment Plans
Private equity, infrastructure, and real estate allocations have their investment schedules laid out for the future.
UK Pension Funds Now Hold less than 20% in Equities
Report also says accounting rules change could cost FTSE 100 pensions $100 billion.