Alternative asset classes were the $154bn New York State Common Retirement Fund’s top performers for fiscal 2007, with real estate returning almost 15 percent. State Comptroller Thomas DiNapoli has indicated legal limits on the pension’s alternative investments should be revisited.
Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.
The Oregon Investment Council has also retained its target allocation to private equity at 16 percent.
The US state's $37.6bn national oil fund has launched a $400m fund of funds targeting middle market companies, a departure from its previous private equity programme. It has also made commitments to Goldman Sachs’ and Alinda’s latest infrastructure funds.
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Its latest commitments to Indian managers underline the strategy.
The second largest US pension suffered a 3.7 percent decline in its overall investment portfolio, its first negative return in six years.
The second largest US pension suffered a 3.7 percent decline in its overall investment portfolio, its first negative return in six years. It follows last week's 2.4 percent loss on investments at CalPERS, despite strong returns for private equity and real estate.