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CalPERS CIO on How Their 2030 Strategy Centers Around Private Markets

Pension Pulse

He also held roles as the head of private equity at the Pivotal Group, as a portfolio manager in CalPERS’ private equity program from 2013 to 2016 and was a former consultant at McKinsey & Co. “We And the team is also spending more time leveraging its partner relationships to help operationalise the attraction of diverse talent.

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Transcript: Edward Chancellor

The Big Picture

I mean, I didn’t want to blow my own trumpet up too much because most of the positions were in place, the quality funds, which more defensive and less leveraged, and low allocation to — a relatively low allocation to equities, and then the hedge funds sort of long/short positions that benefited in the financial crisis.

Finance 59
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CalSTRS' CIO Chris Ailman Stepping Down at the End of June

Pension Pulse

After a 38-year career working in the public pension fund arena, Ailman, 65, told P&I that he is ready to begin winding down his career. A veteran of market cycles Ailman is one of the longest-tenured CIOs in the world, taking over the post in October 2000 when the fund was valued at $109.6 It's time to slow down.

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Ivanhoé Cambridge’s Real Estate Binge Heading Towards a Reckoning?

Pension Pulse

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. When the company acquired the building in 2013 (it paid $850 million for a majority stake, then bought the remaining interest in 2016 for $913 million), it financed it with a $1 billion CMBS loan based on an appraised value of $2 billion.

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OTPP and PSP Investments Ready €7 Billion Sale of Cubico

Pension Pulse

Thomas Gualtieri and Dinesh Nair of Bloomberg report Canadian Pension Funds Ready €7 Billion Sale of Cubico: Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter.

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Will OMERS and BCI Drown Along With Thames Water?

Pension Pulse

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. billion in Canadian funds.

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Will BCI's Minority Stake in ZEDRA Prove Problematic?

Pension Pulse

is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and administrative services for corporations, pensions, trusts and funds, was launched in the Isle of Man in 2016. PBS Frontline also examines who is establishing trusts in South Dakota.

Stakes 52