SFERS Board Cuts Rate of Return to 7.4%
The minuscule cut reduced the expected rate of return from 7.5%, the highest return projections of any pension plan in California.
News
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.
Risks Increasing to Bull Market
Global economic forecasts offer somber, even gloomy, outlook for 2019.
Rebecca Wood to Become President and CEO of FEG
Fund Evaluation Group CEO Scott Harsh steps down after 28 years with firm.
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.
Pension Funds’ Appetite for Private Equity Grows
Asset class is top choice for US, UK public pensions in Q3
Larry Summers Puts 2020 Recession Risk at 50%
Former Treasury chief sees risk from slumping stock market, Fed tightening, and international tensions.
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
CIO Releases Annual LDI Survey
Survey reveals trends and asset allocations of investors.
‘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.
US Net Pension Liabilities Top $1 Trillion
Ratio of liabilities to personal income rises to 3.6%, according to Fitch Ratings.
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.
UK Corporate Pension Deficit Nearly Triples in October
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
CalPERS Global Equity Program Gets a ‘B’
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
Hedge Funds Clip Facebook Shares in Q3
The space’s top dogs ditch the social media company’s stock during Zuck’s problematic year.