Dan Bienvenue

InFocus

Tip of the A-iceberg as investors grapple with the scale of opportunity

An investment theme that incorporates all traditional businesses trying to exploit technology, including AI, is simply too broad. Focusing on AI alone leaves investors exposed to the uncertainty of future developments. In between is an approach that recognises AI as an accelerant to existing trends.

Simon HoyleJuly 17, 2024

Investor Profile

CalPERS’ new asset allocation to take on more risk

The largest pension fund in the United States, the $469 billion CalPERS, is in the middle of an asset liability modelling exercise to set a new asset allocation by June 2022. Chief executive Marcie Frost says it’s the most significant decision the board makes with regard to the investment portfolio and that achieving a return target of 6.8 per will require “pushing everyone’s risk appetite”.

Amanda WhiteAugust 24, 2021

Equities

CalPERS reduces equities universe

In the first story of an exclusive series examining investment portfolio innovation at CalPERS, Amanda White looks at the global equities portfolio where the universe of stocks was recently halved.

Amanda WhiteAugust 19, 2021

Organisational Design

Promoting diversity won’t cut it, results will: Brown Duckett

CEOs are accustomed to stretch targets and reward outcomes, not efforts says TIAA’s Thasunda Brown Duckett, the same principals should be applied in the DEI space. She was speaking alongside CIOs from CalPERS and CalSTRS at a diversity forum co-hosted by the funds.

Stewart HawkinsJune 29, 2021