Is an Earnings Recession Really Coming?
Morgan Stanley says yes, CFRA says no.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
CDPQ Raises Low Carbon Asset Target to C$32 Billion in 2020
Pension fund reduced the carbon intensity of its portfolio by 10% in 2018.
Canadian Pensions in $3.4 Billion Bid for Inmarsat
CPPIB, OTTP join consortium to acquire satellite telecommunications firm.
Exclusive: Los Angeles Water and Power CIO Explains Strategy Behind Its ‘Young’ Private Equity Portfolio
Pension gears up $400 million pacing plan for the 12-year-old allocation.
Middle-Market Strategies Dominate Texas Municipal’s Latest Commitments
Retirement fund recommends $650 million in investment activity at its last meeting.
Washington State Makes $1.6 Billion in Private Market Commitments
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Alaska’s New CIO Details the Fund’s Prolific Co-Investment Program
Despite recent losses, co-investments have generated a 63.4% annualized five-year return.
Texas Municipal Makes $500 Million in New Commitments
Private equity commitments totaled $300 million, part of an effort to boost the asset class.
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.
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.