2nd February, 2022
US-based public pension funds have benefitted from the boom in equity markets and have been reporting extraordinary results for the 2021 fiscal year. But what has this meant for other funds and states, and what is the current situation across the US – which remains the world’s largest country in terms of sovereign capital?
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29th December, 2021
The US’s biggest public pension fund, the California Public Employees’ Retirement System (CalPERS), reported that its market value edged past half a trillion dollars for the first time.
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18th November, 2021
On Monday this week, the Board of Administration of CalPERS – the world’s largest state-level pension fund – confirmed the new investment strategy for the next four and a half years. And the new target asset allocation represents a substantial change from the current mix.
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6th October, 2021
Concern over climate change continues to prompt state-owned investors to declare their commitment to fighting greenhouse gas emissions with One Planet Sovereign Wealth Funds (OPSWF) signing up four new SWF members this week. Yet, the lack of standardization of greenhouse gas auditing and reviews of progress towards targets makes judging OPSWF's real world impact difficult to measure.
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27th August, 2021
Recent annual returns by state-owned investors have demonstrated that the rally in public equities has boosted portfolios, but long-term returns suggest private markets generate stronger yield.
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16th July, 2021
The US$473 billion pension fund CalPERS earned a net return of 21.3% in the latest fiscal year ending June 30, narrowly missing its benchmark return by 40 basis points.
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22nd March, 2021
State-Owned Investors have still a long way to go when it comes to diversity and inclusion.
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