The long-serving CalSTRS CIO, who retires June 30, used the pension giant’s financial heft to press companies toward more sustainable paths.
Some allocators and managers are doing this, expecting a price pop ahead and collecting nice interest payouts along the way.
They describe how higher rates have elevated the once-ignored asset class into a vital position.
The big yield advantage they enjoyed over developed countries’ debt issues has narrowed, but EM paper retains other pluses.
As more GPs pursue continuation funds, institutional investors are faced with new questions about the overall risk levels in their portfolios.
The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.
Amid an attrition trend and a performance lag, the smaller operators are closing.
Several money managers now offer tokenized funds to investors, while other firms are exploring ways to utilize tokenization for clients.
Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure.
War and international tension spell increased arms spending and, thus, higher military contractor share prices.
Investments in physical assets did better and promise more than fixed income.
U.S. manufacturing can’t compete on cost, but it has a leg up in some areas.
This century has been unkind, but maybe some can squeak by with only modest improvements.
Essential to public sector employees, a pension fund is a forgotten benefit for most workers in the private sector.