investment allocations

The pension has changed the way it calculates investment limits and eliminated the category of 'direct investments'.

PE accounted for 20.9% of the investment portfolio, making it the third-largest asset class behind public equity and bonds.

Private equity was the pension's best asset class in the first half and could play a key role in filling the income shortfall.

For shareholders, the true appeal of listed fund managers such as Blackstone, Carlyle and KKR lies in their long-term potential.

The deal represents another step in Aberdeen Standard's strategy to be an end-to-end provider of fund finance.

Investment portfolios will be less segmented.

The retirement plan also increased its exposure to private infrastructure by 1%, while targets for real estate equity and natural resources investments stayed the same.

Private equity and infrastructure account for up to 5% of the Scottish Widows and Lloyds Banking Group assets managed by Standard Life Aberdeen.

CEPRES created a model portfolio to allow us to analyse the performance of the asset class. In this first instalment Simon Tang introduces the portfolio and examines performance to date.

The asset class is an increasingly common component of investment portfolios, but some major potential investors won't take the plunge.