Meketa’s Co-CEO Anticipates Private Markets Growth After Lucrative Merge
Pension Consulting Alliance’s real estate strengths expected to provide a boon.
Asset Allocation
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.
CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Australian Superfund Executes Substantial Renewable Energy Investment
The Warradarge wind farm is a 180-megawatt greenfield development based in Western Australia.
CalPERS Buys Small Stake in Marijuana Stocks
The giant pension fund dipped its toes in the bongwater in Q3, SEC filings show.
CPPIB Forms €2 Billion European Logistics Partnership
Canadian pension to contribute €450 million of equity.
Spot-On Forecaster Sees Lackluster Market for 2019
Morgan Stanley’s Wilson, who called the 2017 blowout and the 2018 letdown, sees more of the same for next year.
Firms Make Last-Minute Dash for Pension Contributions in Q3
Companies bolster pensions while taking advantage of lower tax rate.
CalSTRS Proposes Direct Private Equity Should First Target Co-investments
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.
Hedge Funds In, Equities Out at San Francisco Pension 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.