
CalPERS’ New Asset Allocation Kicks In July 1
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.
Collaboration between the U.S., U.K. groups will focus on improving standards and professionalism in the alts industry.
Brad Lander wants the city’s pension funds to be able to invest more in alternative assets. Last year he called some of them ‘risky and speculative.’
Investors will need help hitting even reduced target returns in the coming years, says Goldman Sachs report.
Some 86% now invest in alternatives, says Nuveen survey.