Public Equities Drag Orange County Pension Investments 7.8% Lower in 2022
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
Nearly half of the commitments were made to three private equity funds.
Morningstar says multi-family’s finances are even more precarious.
Investors looking for global diversification have had a tough time in recent years, but there are pockets of opportunity.
The world’s most populous nation is enjoying a stock market surge and appears poised for further investment.
Non-public companies valued at $1 billion and up haven’t sprung back with the stock market.