Home Investment performance

investment performance

The $193.4bn pension fund’s private equity portfolio returns have dropped from nearly 20% two years ago to 2.9% for its most recent fiscal year.
CIO Nico Hansen says he expects the firm to ‘add one or two Brazilian portfolio companies’ in the second half of the year.
The C$287.3bn pension fund also reached a new high for its overall asset value.
The customised accounts represented 8% of its overall PE portfolio, which now sits at $26bn.
The listed German player’s portfolio took a €12m hit due to a drop in stock market prices after the referendum vote.
The Dallas Police & Fire Pension System attributed its 12.6% loss to private equity and real estate investments.
The firm has received a new commitment from the New Mexico State Investment Council.
Private equity industry service providers said that post-‘Leave’ vote, the economic future of Great Britain looks promising for buying assets but challenging for selling them.
Dutch discount retailer Action – 3i’s largest investment – is now valued at 18 times earnings, up from 14 times at the end of 2015, but the outlook for European private equity returns is still uncertain.
Data from Boston-based investment advisor Cambridge Associates shows first- and second-time funds have often outperformed established funds.

Copyright PEI Media

Not for publication, email or dissemination