CalPERS is expecting to deploy the $22 billion in unfunded commitments of its alternatives investment management program in the next two to three years, with greater concentration among the best performing managers one of the priorities for 2010.
“Periodic table” for investment shows case for diversification
The latest “periodic table” of investment returns – which ranks the performance of key equity and credit indices over two decades – from Callan Associates reinforces a lasting rule for long-term investors: diversification works.
US funds lag in risk management
US public sector funds spend less than half the time and resources on risk management than the average of their global peers according to a survey of 58 funds by Canadian-based CEM Benchmarking.
Irish SWF emerges solid and sets long-term asset allocation
The equities allocation of the Irish National Pensions Reserve Fund fluctuated enormously in 2009 as the fund was directed to by the Minister for Finance to invest €7 billion in preference shares issued by Bank of Ireland and Allied Irish Banks to recapitalise the banks. Amanda White spoke to Eugene O’Callaghan, head of the investment manager program, National Pensions Reserve Fund of Ireland and Adrian O’Donovan, secretary to the NPRF Commission about the events of last year and the fund’s long-term asset allocation plans.
Private equity is ‘train crash’: expert
The collapse of a private equity manager lacks the impact of a hedge fund failure: it’s like a “slow-motion train wreck,” says Chris Hunter, managing director of Cambridge Associates in London. Now that fundraising among private equity managers is down, leveraged finance is scarce and the market for exits is weak, mega-buyout funds are busy … Read more
Going green boosts property returns
Green properties are better financial performers, says of Maastricht University, who recently helped build a global environmental real estate index. But most property managers are either unaware of this dynamic or prefer to talk about sustainability rather than take action. However, some exceptions provide a ‘green’ benchmark for institutional investors in property. Simon Mumme reports.
