Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.
Tag: Fixed-Income
Asset Allocation
Fixed Income Helps Master Trusts Weather Rough First Quarter
While plans with the highest fixed income allocation outperformed peers, few were unscathed.
Asset Allocation
New York Invests $800 Million into Green Bonds, Private Credit
The state pension plan is incorporating sustainable investing across asset classes.
News
Chinese Family Offices Return 11% in 2019
Private equity is the top performer, while fixed income is the largest allocation.
Regulation
US Treasury Offers Schedule for 20-Year Bond Revival
Auctions will take place each year in February, May, August, and November.
Asset Management Culture
Illinois SURS Seeks Fixed-Income Manager of Managers
Strategies include global investment grade, high yield, global bank loans, emerging market debt.
News
CalPERS, Just Missing Target, Broadens Its Investment Strategies
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
Lower Interest Rates Will Shrink Pension Funding Status, Goldman Warns
A study projects that funding will drop to 86% in August, off from 91% four months before.
Corporate Moves
CalPERS Makes Global Fixed Income Managing Director Official
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
Asset Allocation
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Report: Fixed Income ESG Can Improve Risk Management, Returns
Report touts benefits of incorporating ethical investing into fixed income.
Asset Allocation
Connecticut Considers Gun Divestment
State treasurer says she may ‘divest or not make further investments in gun companies.’
Prospect of Extended Credit Cycle to Leave Bond Markets Yield-Thirsty for Longer
Fixed income Investors need to be mindful of different market dynamics this time around.