Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Woman-owned firm aims to invest in diverse investment companies.
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
Already a trope in transition, the traditional portfolio had a rough 2022, so modern-day allocators must evaluate all potential paths forward.
AUM growth decelerates and fundraising softens, Preqin reports.
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
The Mansion House reforms also seek to create superfunds to consolidate the ‘fragmented’ defined benefit market.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.