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.
Asset Allocation
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.
CalPERS Starts Fiscal Year with Burst of New PE Commitments
If CalPERS can keep pace, it could surpass the $5.3 billion in private equity commitments in the prior fiscal year
‘CalPERS Direct’ Isn’t Exactly Direct
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Ray Dalio Sees Investors Ill-Prepared to Weather Next Bear Market
Bridgewater superstar says a strategic asset mix will ‘distinguish the winners and losers’ in the next slump.
HSBC UK Pension Plan to Invest $328 Million in Renewables
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Penn State Endowment Returns 7.8% in 2018
Performance is among the lowest reported by other major public universities so far this year.
