Asset Allocation
TexPERS Returns 4.6% in Fiscal 2020
The performance falls well short of the pension funds’ benchmark and assumed rate of return.
Tag: Survey
Pensions
CPPIB, Greystar to Form Joint Venture in US Life Sciences Development
The two investors are starting with an office and lab development project in Somerville, Massachusetts.
Asset Allocation
GIC Invests $1 Billion into Grifols’ Plasma Business
The funding buys the Singapore sovereign wealth fund a minority stake in the health care firm.
Asset Allocation
CIOs Favor Growth Stocks, Shun Bitcoin, Goldman Sachs Survey Finds
Investment chiefs also said they were bullish on China A shares and expect inflation to peak in the first half of 2022.
Research
COVID-19 Has Disproportionate Impact on Multiemployer Plans by Industry
Survey finds construction industry plans remain healthy, while transportation and manufacturing plans struggle.
Alternatives
Coinbase Has a Splashy Debut, Bitcoin Is Soaring … But Fund Managers Are Downbeat
Mutual fund chiefs overwhelmingly think Bitcoin is a bubble that will pop, BofA survey shows.
Alternatives
Forget Offices, Invest in Life Sciences Real Estate, Report Says
Spaces for pharmaceutical research and medical device development can generate cash flow, as well as offer downside protection, according to Willis Towers Watson.
Asset Management Culture
Canadian Pensions Can’t Quit External Management, Despite In-House Moves
Plans rely on outside help for better returns, talent, and technology.
News
Canadian Pensions Adapt Investment Strategies for Post-COVID-19 World
Asset managers are expected to shift funds to private equity from infrastructure and to increase in-house management.
Alternatives
Private Equity Firms Aim to Double Down on Tech in Post-COVID-19 World
Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
Alternatives
Alts Investors Expect Deal Activity to Return in 2021
However, the way they make those deals will likely change forever.
Manager Selection
How Investment Teams Waste Their Time
It would be better spent on due diligence, instead of meaningless scut work, say Backstop and Mercer.
Research
Less Tax-Efficient Funds Cost UK DB Plans £250 Million Yearly, Study Finds
Researchers say pensions must invest in tax-transparent funds, insurance policies to be eligible for tax advantages.
Coronavirus - COVID-19
Endowments Weather Pandemic Better Than in Great Recession
Larger endowments outperform smaller ones due to less US equity exposure.
Coronavirus - COVID-19
Roller Coaster Markets Don’t Dampen Investor Optimism
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.