Pensions
SpaceX Fuels Ontario Teachers’ 9.5% H1 Return
But the stake may be a drag on Q3 results, as its value has plummeted by nearly $2 billion in two months.
Tag: Alternative Investments
Alternatives
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
Opinion
Unlocking 401(k) Innovation: Litigation Risk Is Stifling Thoughtful Stewardship
How the recent executive order on private assets in defined contribution plans could pave the way for investment committee excellence.
Asset Allocation
LP Interest Rises in Secondaries, Private Credit
Private equity and other alternative investments take a back seat, according to Coller Capital’s latest global private capital barometer.
Newsmakers
Larry Fink Calls for ‘Democratization of Investing’
The BlackRock chief, in his annual letter, wrote that he wants more people to become investors and more investors to access the private markets.
Alternatives
Investors Move More Into Alts Following Stock Surge
Illiquid asset classes are among those viewed as stable amid growing uncertainty about the U.S. economy and global public markets.
Pensions
Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Manager Selection
Illinois Police Fund Seeks Credit Manager
The pension, which plans to build out a private credit strategy, approved a request for proposal for a manager.
Corporate Moves
Xponance Alts Unit Acquires Minority Stake in Copia Group
Woman-owned firm aims to invest in diverse investment companies.
Opinion
Can Private Asset Allocations Lead to Privation?
Strategic asset allocation is not static asset allocation; how are investors managing embedded beta risks in private asset portfolios?
Corporate Moves
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
Asset Allocation
What Is the Future of the 60/40 Portfolio?
Already a trope in transition, the traditional portfolio had a rough 2022, so modern-day allocators must evaluate all potential paths forward.
Asset Allocation
Tepid Turnaround Seen for Alts, Once Investors’ Darlings
AUM growth decelerates and fundraising softens, Preqin reports.
Regulation
Private Equity Firm to Pay $20.5M to Settle SEC Charges of Inadequate Fee Disclosure
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
Asset Allocation
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.’