The Biggest Hedge Funds Take the Lead—and Pocket the Most Investments
Amid an attrition trend and a performance lag, the smaller operators are closing.
Tag: CalPERS
Newsmakers
CalPERS Seeks Investment Director
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Newsmakers
Pension Funds Appear Unfazed by Potential US Default
They have ample liquid assets—and show little sense of fear.
Dark Clouds Over Commercial Real Estate Don’t Frighten Allocators
Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure.
Risk
Hedge Funds Continue to Lose Investors
February, a bellwether month for the asset class, did not bring any relief, a Nasdaq eVestment study finds.
Newsmakers
Former Aramco Alts Head Joins CalPERS as Private Markets DCIO
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Asset Allocation
Asset Managers See Further Potential in Private Credit Market
Amidst market uncertainty imposed by the pandemic and interest-rate hikes, portfolios have thrived in private credit; both CalSTRS and the CAIA Association hosted asset managers to discuss the asset class.
Inside or Outside? Where Do Successful CIO Candidates Come From?
Three looks at the different paths investment chiefs took to reach their present berths.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
Manager Selection
CalPERS Consolidates Private Equity with Growth and Innovation Program
Anton Orlich, appointed last month as managing director for growth and innovation, will lead the combined unit.
Manager Selection
CalPERS Taps Anton Orlich as Head of Growth, Innovation Investments
The pension fund also announced the departure of Greg Ruiz, private equity managing investment director.
Market Moves
3rd Quarter Earnings Season Gets Off to a Wheezing Start
Banks’ so-so results don’t inspire confidence, as the stock market continues its losing ways.
Private Equity, the Hot Asset Class for Allocators, Faces Headwinds
Deals are expected to fall far short of 2021’s record-breaking level.
Asset Allocation
CalPERS Blames ‘Tumultuous’ Markets for Preliminary 6.1% Fiscal Year Loss
The pension fund will increase its private asset exposure as fixed income and public equities weigh down the portfolio.