The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
The U.K. asset manager created a system to gauge how the people part of a business translates to share performance.
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
The $10 billion fund is the latest allocator to invest in this alt, to make up 5% of its portfolio.
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Asset owners, consultants and asset managers are all engaged in an increasingly competitive fight for ESG talent.
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
WTW study shows the 9% pace wasn’t as high as 2020’s for the top 100 funds, but was still impressive.