As the year draws to a close PEO's team has pulled out its crystal ball to take a view on 10 of the themes that will occupy the industry in 2008.
The Los Angeles County Employees’ Retirement Association plans to increase its investments with emerging private equity managers and large cap funds.
The largest US pension fund has approved an increase to private equity, which will now be allocated 10 percent of CalPERS’ $250 billion portfolio.
The Teachers’ Retirement System of the State of Illinois reported 2.31 percent returns for the first quarter of its 2008 fiscal year, a number which does not take into account private markets returns. Separately, the pension approved three new private equity commitments.
The Pennsylvania State Employees’ Retirement System has named two longtime staffers, John Winchester and Leonard Knepp, as the pension’s new chief investment officer and executive director.
The University of North Carolina spin-out has already committed nearly 80 percent of its second, annual vintage fund of funds.
Differences remain between European and US investors, according to the latest research. The former also backed the re-emergence of European venture as opposed to their circumspect peers in the US.
Russell Investments’ annual survey has found investors have the highest return expectations for private equity among alternative asset classes.
The financial services provider has launched a private equity index based on quarterly statistics from public and private pensions, endowments and foundations.
The financial services provider has launched a private equity index based on quarterly statistics from public and private pensions, endowments and foundations.