Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
They provide diversification, and use of them will grow, a Schroders survey finds.
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
But the institutional investors revamped their approach to the asset class after it failed to protect them when equities tanked in 2022.
After an immensely challenging year for technology companies, professional investors discuss the reasons why private technology assets are still compelling investments.
Private market returns have come down off the highs, but institutional investors are keeping the faith.
Schroders says the pandemic exacerbated the need to diversify away from equity/bond market volatility.
