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: Alternatives
Alternatives
Pension Fund Increases Its Blockchain Technology, Bitcoin Allocations
CIO Katherine Molnar will speak at the CIO Symposium on May 12 with CIO Andrew Spellar.
Asset Management Culture
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.
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.
News
LPs Are Placing Fund Commitments on Hold and Engaging in Secondary Transactions More Often
A canvass of LP sentiment from Brackendale finds new trends in transaction styles, accommodations for COVID-19, and an affinity for thorough disclosures from general partners.
Benchmarking Addendum: But What’s the Best Way to Benchmark Alts?
Longtime CIO Tony Waskiewicz answers the question: ‘Would you use the same long-only benchmarks?’
Alternatives
CAIA Clears Path for Democratization of Alternative Assets
The Chartered Alternative Investment Analyst organization cites the key attributes the alternative asset industry must improve upon to become more accessible.
Alternatives
NY State Pension Invested $2.7 Billion in Alts Just Before Market Tanked
The $210.5 billion fund invested more than $2.2 billion in private equity and no money in public equities.
Alternatives
AXA Launches $155 Billion Alternatives Unit
AXA IM Alts creation is in response to the ‘hunt for yield’ in a persistent low-rate environment.
Alternatives
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Alternatives
Family Offices Slash Allocation to Alternatives by More than Half
Survey finds family offices allocated the most to equities in 2019.
Asset Allocation
Canada’s CPPIB Doubles Renewables Investment
Fund boosts renewable energy investments 100-fold since 2016.
Research
Swiss Investors Are Ditching Traditional Investments, Moving to Alts
Study concludes that portfolio managers are cutting costs due in part to low interest rates.
Alternatives
Dutch Pension Funds Look to Transform How Real Estate Investors Decarbonize
New initiative backed by APG and PGGM looking for pathways to help real estate investors go green.
Newsmakers
Exclusive: New Mexico ERB CIO Jacksha Is Worried About the Trade War
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.