Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
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.
The pension fund also rehired NEPC as its real estate investment consultant.
Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.
The Mansion House reforms also seek to create superfunds to consolidate the ‘fragmented’ defined benefit market.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.
The proposed disclosure rules in the White House’s antitrust push could make filing for deals more difficult, critics argue.
The authors claim their Spread Based Direct Alpha method is more accurate than current measurements.
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.
Certain hedge fund and private equity fund advisers will now have to report specific triggering events to the SEC.
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
Bluff joins sovereign wealth fund after 14 years at The Carlyle Group.
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.