real estate

Oregon makes fees work

The $77. 3 billion Oregon Public Employee Retirement Fund has continued to achieve top decile returns at the same time as de-risking and reconstituting half its giant portfolio.

Sarah RundellApril 22, 2019

Oregon State Treasury has de-risked its $12 billion real estate allocation, moving away from closed end, private equity-style investment and its associated inherent cyclical risk and total return focus. Building in more liquidity and transparency, reduced volatility and lowered fees via evergreen manager partnerships in separate account and open-end fund structures.

Sarah RundellApril 2, 2019

Asset Classes

Texas’ ERS to boost alternatives

The $29 billion Employees Retirement System of Texas will add to its alternatives portfolio over four years and wants small managers to represent 10 per cent of its active mandates.

Sarah RundellMay 25, 2018

Investor Profile

CalPERS picks infrastructure adviser

CalPERS’ board has named Meketa its new infrastructure consultant, citing its high ratings and setting aside investment office calls to have a single adviser for infrastructure and real estate.

Simon HoyleSeptember 22, 2017

Asset Classes

South Dakota pension’s long view

At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.

Sarah RundellMay 3, 2017

Asset Allocation

Alecta keeps costs low, strategy simple

On the eve of its centenary, Alecta’s head of investment management reflects on the low-cost, Sweden-centric, active in-house strategy which has kept the pension provider on top of its game.

Sarah RundellJune 15, 2016

Investor Profile

Oregon makes fees work

Investor Profile

Oregon’s real estate revamp

Asset Classes

Texas’ ERS to boost alternatives

Investor Profile

CalPERS picks infrastructure adviser

Asset Classes

South Dakota pension’s long view

Asset Allocation

Alecta keeps costs low, strategy simple

Local Pensions Partnership

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