Pension Fund

RE, PE stand firm amid losses at Canada pension

The largest single-purpose pension in Canada, CPPIB, has been hit by turbulence in the public equities and REITs markets. However, returns for private equity and real estate are holding steady, while infrastructure has proven the strongest asset class.

Thai pension fund to invest globally in real estate

The country’s government pension fund will invest about $650m in global private equity and real estate in the coming months.

Los Angeles pension director joins infrastructure specialists

Former Los Angeles City Employees Retirement System general manager Robert Aguallo has moved to the private sector joining infrastructure investors Cardinal Americas.

Pennsylvania pension makes $130m in commitments

The $34 billion Pennsylvania State Employees’ Retirement System announces four new private equity and real estate commitments. The pension plan, which represents more than 215,000 members, has now reached its target allocation for the two asset classes.

CalSTRS CIO: US pensions should move toward privatization

The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.

Korean pension to invest $800m in overseas property

The National Pension Service has reportedly set aside a large stockpile for investing in distressed property in the US and other markets.

BP pension fund agrees JV for London site

The pension fund, which owns direct and indirect property holdings, has teamed up with London real estate company Great Portland Estates to create a mixed use block.

San Diego pension taps Macquarie for infrastructure

The $8.7bn San Diego County Employees Retirement Association has committed $75m to Macquarie Infrastructure Partners II, in line with a new allocation to infrastructure investment.

Maryland pension doubles RE allocation to 10%

The $37.5bn Maryland State Retirement Agency is doubling its target allocation for real estate indicating an extra $2.2bn could now be available for investment.

Canada pension buys stake in New Zealand airport

The C$119 billion Canada Pensions Plan Investment Board delivers on its promise of direct infrastructure investments after New Zealand shareholders approve a bid for almost 40 percent of Auckland International Airport.