Canadian pension to contribute €450 million of equity.
Morgan Stanley’s Wilson, who called the 2017 blowout and the 2018 letdown, sees more of the same for next year.
Companies bolster pensions while taking advantage of lower tax rate.
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.
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.
If CalPERS can keep pace, it could surpass the $5.3 billion in private equity commitments in the prior fiscal year
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Bridgewater superstar says a strategic asset mix will ‘distinguish the winners and losers’ in the next slump.
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Performance is among the lowest reported by other major public universities so far this year.
Fund plans to double its assets in the country by 2025.
Fund adds $125 million to reach $8.4 billion, beats benchmarks.
The Canadian and Dutch pension funds collectively own a third of the electric and natural gas supplier.
Equities are among the highest performers for the Canadian pension fund’s mid-year returns.
New investment sustainability director bullish on ‘boring’ clean energy opportunities.