Temasek says structural demand and geopolitical risk impacting China
Singapore’s Temasek explains why it has a cautious approach to investment in China and highlights the growing size of its allocation to private markets.
Brightwell focuses sustainability on equality and natural capital
Brightwell, the £37 billion new asset manager for the BT Pension Scheme, lays out why it is focusing on equality and natural capital in its first sustainability report.
How abundant inflows have put New Mexico’s SIC in a bind
New Mexico’s oil fund is 10 per cent overweight cash and bonds relative to target in a reflection of the challenges CIO Vince Smith faces putting money to work. Equities are over valued and allocating to private markets takes time but volatility during the November election could be an opportunity.
AP funds face consolidation as report flags scale and efficiency wins
A long-awaited review into Sweden’s buffer funds suggests consolidation between the three Stockholm funds – AP1, AP3 and AP4 – stating that the advantages in terms of efficiency and scale outweigh the disadvantages of continued separation.
How liability-aware investment took off at Seattle SCERS
Seattle City’s chief investment officer Jason Malinowski explains why he has embraced liability aware investment, why hedge funds and commodities are out, and why cash – not a risk-free asset for a long-term investor – is kept to a minimum.
CalPERS extols the benefits of co-investment in private equity
A recent board meeting marked progress in turning around the fortunes of CalPERS’ private equity portfolio. Large co-investments and reducing the bias to buyout are reshaping the profile of investments, said portfolio manager Anton Orlich.
