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CalPERS Modifies Private Market Strategies

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A major development is occurring in the world of public pensions. Public investors are seeking fewer relationships in managers, but are willing to enlarge allocations. This concentrated approach to private market investing is contributing to the rise of separate accounts and strategic relationships.

The California Public Employees Retirement System’s (CalPERS) real estate program had their US$ 6 billion capital allocation increase approved in June 2012. At the end of May 2012, CalPERS had a real estate portfolio valued at US$ 21.8 billion.

The overvalued properties and the fast haircut in valuations from the original cost have been a drag on their real estate portfolio.

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek Wants More of Ola, Careem Acquires Commut

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ANI Technologies, which owns ride-hailing app Ola, is in key talks with Temasek Holdings and South Africa-based Naspers LLC on raising capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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