Illinois Police Pension Seeks Active Manager for Small, Mid-Cap Stocks
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
Asset Allocation
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
New York State Pension Fund Invests More Than $1.4B in June
Nearly half of the commitments were made to three private equity funds.
Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are
Morningstar says multi-family’s finances are even more precarious.
Investors See Opportunity (and Risk) in Frontier Markets
Digital transformation and urbanization are driving growth, as well as supply chain reshuffling.
Emerging Markets Remain Under Pressure
Investors looking for global diversification have had a tough time in recent years, but there are pockets of opportunity.
India Shines as Investment Draw, at China’s Expense
The world’s most populous nation is enjoying a stock market surge and appears poised for further investment.
Unicorns Hobbled Amid VC Pullbacks
Non-public companies valued at $1 billion and up haven’t sprung back with the stock market.
Blackstone’s BREIT Sells Storage Business for $2.2B as Withdrawals Abate
Private equity firm reports that redemptions for the REIT are down 29% from their peak in January.
Penn SERS Earmarks $100 Million for 2 Private Equity Funds
The pension fund also rehired NEPC as its real estate investment consultant.
Singapore’s Sovereign Wealth Fund Posts 6.9% 20-Year Return
GIC also reported 5- and 10-year annualized returns of 3.7% and 5.1%, respectively.
Canadian Pension Plans Look to Annuities, Fixed Income to Preserve Pension Surpluses
With funded ratios at their highest levels in years, pension risk transfers are among the ways firms are trying to de-risk their portfolios.
Global Pension Fund M&A Investment Drops Off Cliff in Q2
Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.
Public Pension Funds Continue to Boost Alts Allocations in Search of Higher Returns
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’