The $274.6bn pension plan has made 15 new allocations worth $4.6bn in September to alternative investments
CIO Jon Putnam favors private credit, private equity and real estate allocations
In less than two weeks of sacking the entire board, the government has named Stephen J. Harper as the new chair of the board.
The California-based pension plan aims to make $100bn of such investments by 2030
In these short video interviews with editor in chief Christine Giordano, top chief investment officers and investors discuss what they are investing in, how they are changing their funds, and what might indicate underlying weaknesses within the economy.
Amid turmoil in the pension plan, Aaron F. Hood has been named as the new executive director, and he starts today
With a long-term intention to invest pro climate, it is yet to be disclosed whether any other pension plan in the $285.4bn system has joined the alliance
Outperformance by co-investments allows the CIO to widen targets, alongside eyeing the first allocation to southeast Asia
The government will replace the board within 30 days, and has appointed Ray Gilmour, Alberta’s top public servant as interim CEO.
Great returns for the year make the pension plan confident of allocating to PE and hedge funds.
Over the previous five years, as a member of the investment committee, he played an instrumental role in the fund's growth from $4.2bn to $7.1bn.
Colorado CIO is vetting co-investment funds on the “large end of the market” to create beta within PE at lower fees.
If most LPs have not already started using AI for automating data extraction and collection, they plan to start within the next six months.
Susan Manske is retiring from the role of CIO which
she undertook in 2003.
This money manager has forced multiple allocators to pull out after receiving Wells notice from SEC
Markets
Group conducted an in-depth survey following our 11th Annual Southeast
Institutional Forum, gathering insights from top allocators at Public Pension
Funds, Endowments, Foundations, and Corporate Pension Funds. Findings reveal
how Southeast investors are navigating an economic landscape influenced by
geopolitical tensions, policy shifts, and evolving market dynamics. With a
focus on high-yield credit opportunities, real estate debt, and selective AI
integration, these investors are strategically positioning to capture growth
while managing risks in fixed income and emerging markets ahead of anticipated
policy changes.
The $2.8bn system added NEPC on the list owing to its “favorable
impression” on board of trustee Terry Wood.
Aaron Filbeck has been promoted to the role in November
An investment team member talks about a CIO who has a reputation for retaining top talent.
The $54.9bn pension plan has started its search for a residential real estate strategy manager
The $148.8bn pension plan discloses
sectors of interest within private markets
The $18.78bn pension plan has made a new allocation of $80m to a fund endorsed by CalPERS and Virginia-based pension plan
The search for a successor has begun as CIO David Vickers announces it is stepping down next spring
Markets
Group conducted an in-depth survey following our Western Canada Institutional
Forum, capturing insights from top allocators at Public Pension Funds,
Endowments, Foundations, and Corporate Pension Funds. Findings reveal how
Western Canadian investors are adapting to an evolving economic landscape
shaped by government policy changes and liquidity concerns. With a strategic
focus on high-yield credit, real estate debt, and infrastructure financing,
these investors are navigating opportunities in multi-family housing and
industrial real estate while carefully managing risks in fixed income and
emerging markets.
Stephan Bereuter, CIO of $30bn Migros-Pensionskasse dives deeper into internal management of the portfolio along with opportunities within real estate and infrastructure sleeves.
The $6bn endowment has appointed Mark Baumgartner as its CIO and CEO, effective January 25.
The Chief Investment Officer of Michigan (MERS) discusses investing around the Trump vs. Harris election, favorite niche investments, what happens if the dollar gets cheaper, and investments that are working in the new economic era.
Decreasing
exposure to private markets, CIO Ben Cotton disclosed changes in his portfolio last week.
A
recent news release by Northern Trust noted the Canadian Pension Plan returned
4.8% for the quarter
Markets Group has conducted a comprehensive survey following our 11th Annual Texas Institutional Forum, gathering insights from leading allocators at prominent Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds. The findings reveal how Texas institutional investors are capitalizing on emerging credit and real estate opportunities, stepping in as banks scale back due to tighter regulations. With a focus on direct lending, distressed debt, and specialized strategies, investors are navigating complex markets to secure liquidity and attractive returns amid a questionably volatile economic landscape.
While
the cost of the transaction remains undisclosed, the deal is expected to close
by early 2025.
Last week, our Private Equity San Francisco 2024 forum brought together over 400 private equity leaders from across the U.S. to explore the latest opportunities and challenges defining the future of private markets. From in-depth discussions on liquidity and secondaries to cutting-edge insights on AI’s role in transforming investment strategies, this was far from your typical PE gathering. It felt more like a deep dive into the strategies and innovations that will shape the industry for years to come.
The
superannuation fund re-structured its investment team following the departure
of former CIO Stephen Gilmore to promote 2 of its senior investment
professionals.
The
$116.1bn Virginia fund disclosed allocations made in the last month.
The
superannuation fund has chosen its two senior investment leaders to share the
responsibility of the ex-CIO until a new one is appointed.
The
CIO follows a disciplined rebalancing mechanism which is “a little bit contrarian.”
From election investing to private equity: Markets Group conducted a comprehensive survey of institutional allocators from Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds in New England. The survey aimed to capture their perspectives on key market trends, strategies, and emerging challenges in the current economic environment. This white paper presents the insights gathered, offering a detailed look at how these investors are navigating a rapidly evolving financial landscape.
Assets from the termination were
reallocated to liquidity reserves
Vince Smith, chief investment officer of the New Mexico State Investment Council, is in a very unusual situation. His inflows are actually exceeding his outflows by billions. The question is, what will he do with the extra money?
Vince Smith will be speaking at the Markets Group 9th Annual Southwest Institutional Forum in Santa Fe Oct. 29-30.
The
board will be presented with final recommendations at the December meeting
The
$268bn disclosed its allocations to private markets for August in a recent release.
Andrew
Eschtruth will fill Munnell’s shoes, as he has been promoted from deputy director
to the next CRR director.
Under
Patrick Fleming’s leadership, the Treasurer’s Office has instituted a
volatility-based risk measurement system while moving away from traditional
equity/bond approaches.
With the support of consultant
Meketa, the system has $40m within its PE left to allocate and $130m to its PC
sleeve for the year.
SEC
continues to monitor the effect of both Hurricane Milton and Hurricane Helena
Our reporter Muskan Arora sat down with the
CIO Chad Jacobs to dive deeper into the private equity and venture capital
opportunities identified by the system. Over the years, he has had continued
focus in Asian private markets and considers partnering with GPs speaking the
native language of the region as essential.
The $523.5bn system reveals 2025
plans for its real estate, private equity and infrastructure plans, amid new
commitments.
As retiring baby boomers create more demand, Callan's David Smith dives deep into healthcare, one of the darlings of PE allocations in the current environment. He opens up about sub-sectors and sub-strategies which work well for the allocators and discusses how technology has driven healthcare to its full potential. Catch him talk about manager selection, PE investments and more.
Andrew Lill will step down in November,
as announced on Thursday.
Starting
her role at CPP in January, Sophia van Oosterom will lead the RE portfolio
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