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...At 39.9 per cent of assets by June 2023, Princo’s investment in private equity was double the average allocation for large US university endowments....
...The pension plan said the transaction served as a “rebalance measure” to cut its private equity allocations to its 9 per cent target, from 12 per cent last September....
...The concept would mirror an existing fund set up by Blue Owl, the asset manager of Dyal HomeCourt Partners, to invest exclusively in National Basketball Association teams....
...Some of Reddit’s largest existing shareholders include Fidelity, the $4.5tn asset management group, and China’s Tencent....
...In 2021, Calpers’ board approved an expansion into private assets including private equity, real assets and private debt, from 21 per cent to 33 per cent of the portfolio, and gave itself the ability to...
...A recent rise in dealmaking activity and share buybacks was proof that both corporates and private equity groups recognise “this obvious value signal”, according to Wright....
...Private assets conventionally had been only a game for the likes of deep-pocketed institutions such as Princeton which had access to the best managers....
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...By June 2023, its private equity investment was double the average allocation for large US university endowments. But that over-allocation seems to be coming back to bite it....
...The FTSE 250 £1bn Fidelity China Special Situations trust will absorb the assets of Abrdn’s China Investment Company....
...BlackRock’s change in allocations in its popular model portfolios led to a surge on the equity side as well, according to Morningstar analyst Ryan Jackson....
...In the case of private equity, I think they definitely had a tailwind. Unhedged: One last argument in favour of private assets....
...While it seems unreasonable to expect client allocations to private markets will grow as rapidly as they have over the past 10 years, UK firms are increasingly able to provide a compelling offering....
...The acquisition will make BlackRock the world’s second-largest manager of private infrastructure asset, and boost the leadership of its alternatives business....
...At the request of one FT Money reader, I asked our stats team to crunch how many entrants last year equalled or bettered the performance of the Fidelity Index World Fund, a popular global index tracker,...
...The return of normalised inflation that anyone over the age of 40 will remember will inevitably influence asset allocation as investors expect returns significantly above the risk-free rate....
...“The concentration of the UK market is pretty high,” says Fidelity International investment director Tom Stevenson....
...Greg Samorajski, chief executive of the $40bn Iowa Public Employee Retirement System, said Ipers decided in 2020 to raise its allocation to private credit from 3 per cent to 8 per cent of assets, while reducing...
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...“If there was an unlock in private equity, I do believe you would see a faster allocation in fixed income and other income-producing products.”...
...Investors could also look at increasing their exposure to passive funds tracking European or emerging market indices, or diversify away from equities by considering multi-asset funds....
...This criticism is based on the idea that the stock market is all about the efficient allocation of capital....
...If, knowing this, you want to pay us anyway, please contact Bryce at the usual private number....
...But I don’t know what that theory is, and it’s not in the slide decks from the office’s recent asset allocation review or its 2023 trust level review....
...He warned that he would review what further action should be taken if this did not lead to an increase in allocations....
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