Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Asset Allocation
SFERS Sees Positive Investment Returns
In a difficult investment environment, its 1.1% return so far in 2018-2019 fiscal year could be the envy of institutional investors.
Oil Prices Are Rising, Despite the US Shale Boom
Goldman Sachs study finds the OPEC production ceilings are, for once, effective.
CalPERS Continues to Make New Private Equity Commitments
The largest US pension plan made more than $1.35 billion in new commitments in private equity funds in the last quarter of 2018.
Lagged Manager Activity Impacts New Hampshire’s Private Pacing Plan
Consultant recommends the pension complete between $300 million to $400 million of new commitments per vintage year for the next several years.
Market Uncertainty Prompts North Dakota Investment Board to Review Asset Allocation
Oil-fueled ‘legacy fund’ goes under the microscope.
LACERA Beefs Up Its Investment in Chinese Bioscience
First VC investment of 2019 helps the pension plan increase its exposure to the world’s fastest-growing healthcare sector.
Oregon to Invest Up to $3.5 Billion in Private Equity in 2019
Plans to relaunch revised co-investment program and beef up PE team.
Ohio PERS Advances New Asset Allocation Studies
$100 billion pension debates new approaches after reducing assumed rate of return twice in recent periods.
Meketa’s Co-CEO Anticipates Private Markets Growth After Lucrative Merge
Pension Consulting Alliance’s real estate strengths expected to provide a boon.
Dutch Pension Manager and Shell Eye Buying Energy Company
Recession fears, trade wars, rate hikes, and a strong dollar weigh down index.
New York Appropriates $1.2 Billion in Direct and Indirect Investments
Institution continues strong focus on real estate and private equity, terminates global equity account.
Texas Teachers’ Closes Out Year with $1.8 Billion in New Commitments Across 12+ Strategies
Commitments primarily focused on real estate and infrastructure.
Alabama Retirement System Acquires Major US News Chain
News outlet CNHI is being spun off by Raycom Media, which is being bought.
