The $97bn pension, which has lost about $30bn since the end of June, increased the upper limit of its target private equity allocation to account for the denominator effect.
1 min read · 22 January 2013
The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 22 January 2013
The second-largest pension fund in the UK is increasing its headcount as it seeks to grow its private equity allocation.
1 min read · 22 January 2013
The city will look to invest in domestic infrastructure funds after making an initial investment in the asset class earlier this year and taking a beating in its US equity allocation.
2 min read · 22 January 2013
A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.
2 min read · 22 January 2013
Kim Ho-Shik, the ousted former president of South Korea's $230bn National Pension Service, has joined the advisory board of the Singapore-based real estate investment firm.
4 min read · 22 January 2013
The $67bn Pension Benefit Guaranty Corporation is branching out into alternatives and seeking up to three private equity and real estate advisors to manage a $5.5bn alternatives ‘pot’.
1 min read · 22 January 2013
The Pension Benefit Guaranty Corporation is seeking up to three private equity and real estate advisors to manage its new $5.5bn alternatives ‘pot’. The pension fund, which represents 44 million US citizens, is branching out into alternatives in a bid to reduce its $14bn deficit.
1 min read · 22 January 2013
Alternative asset classes were the $154bn New York State Common Retirement Fund’s top performers for fiscal 2007, with real estate returning almost 15 percent. State Comptroller Thomas DiNapoli has indicated legal limits on the pension’s alternative investments should be revisited.
2 min read · 22 January 2013
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
2 min read · 22 January 2013
