Asset Allocation
Despite High Market Concentration, Investors Are Holding On
Institutions might be willing to maintain their bet on concentrated markets, if top-performing equities grind higher.
Tag: Callan
Pensions
US Public Defined Benefit Returns Beat Targets By A Mile
The median return of 11.3% for fiscal year 2025 topped the funds’ assumed rates of return by 430 basis points.
How Has Private Credit Affected Valuations Across Debt Markets?
Investors can access a more diversified menu of credit investments, but due diligence is key—especially in thinly traded markets.
Asset Allocation
Alaska Permanent Fund Eyes Path to $100B AUM
The program, currently at $78 billion, reviews plans to increase its risk in pursuit of higher returns.
Asset Allocation
Words of Wisdom
The Class of 2023 Knowledge Brokers draw on their collective decades of experience and offer actionable advice for success (investment and otherwise) in tumultuous times.
Research
Private Credit: Fees Down, Rates Ascend
Investors in the in-vogue asset class hope that rising yields will boost their take.
Asset Allocation
‘Bonds Are Back’: Allocators Eye Elevated Returns
Higher interest rates have turned fixed income from a ho-hum investment into the hot new thing. Just ask LACERA.
Asset Allocation
Penn SERS Loses More Than 12% in 2022
No rise in member contribution rates expected for fiscal year that starts July 1.
Pensions
Ohio STRS Loses 9.52% in 2022, Board Rejects Neville Vote of Confidence
Despite loss, the $89 billion investment portfolio outperforms it benchmark by 138 basis points.
Asset Allocation
Chicago Teachers’ Pension Fund to Reorientate Portfolio to Fully Offset Fossil Fuel Investments
The fund plans to divest its $350 million holdings in fossil fuel related equity and debt and reinvest towards renewable energy sources by the end of 2027.
Asset Allocation
Pennsylvania SERS Approves $225 Million in Private Market Investments
The new mandates include allocations to private equity, infrastructure and a co-investment.
Pensions Reassess Long-Term Outlooks as Volatility and Inflation Remain High
Market conditions could push some plan sponsors to consider risk transfers sooner, but funded status remains a key concern.
Money Managers’ Own Plans Have Higher Balances, More Choices
Asset manager 401(k) plan balances are four times that of the general population.
People Moves Roundup
SEB welcomes back a former employee, Callan makes a new ESG position, and more.
Asset Allocation
Market Uncertainty Prompts North Dakota Investment Board to Review Asset Allocation
Oil-fueled ‘legacy fund’ goes under the microscope.