CalPERS的动态

Private equity continues to demonstrate its value by delivering the strongest returns for millions of public servants, according to a new study by the American Investment Council (AIC). This research highlights the key role that private equity investments play in enhancing pension funds' performance and supporting long-term financial security for public sector workers. We expect that the impact of the private equity industry on public pensions will continue to grow, offering tangible benefits for employees all over the world in the years to come. Read more about the study findings and the impact of #privateequity #investments: https://lnkd.in/gi7PM_rW

What Are The Lessons The UK Can Learn From The Canadian Pensions Model? At the SG Pensions Enterprise organized Pension Asset Allocation Summit in London, Cordiant Capital CEO Benn Mikula shared his insights on the Canadian pensions model. In an on-stage interview with Stephen Glover, Benn highlighted the model’s success due to its return-focused approach, freedom in asset allocation, and strategic investments in alternative assets. Benn contrasted this with the challenges encountered by UK #PensionFunds, both Defined Benefit and Defined Contribution. These challenges encompass regulatory impediments, the complexities of #InvestmentVehicles and structures, and the influence of a predominantly risk-averse regulatory culture. Click below to read Benn’s full Q&A:

In his most recent article for Pensions & Investments, Charles Allen, Head of European Real Estate, speaks about the risk exposure and possible distortion to the real estate market, if governments start to interfere with pension fund investment strategies. ? Click here to read the full article: https://lnkd.in/eh_JYw_C

I recently had an interesting conversation with David Kitai from Benefits and Pensions Monitor, sharing insight on how/why Canadan institutional investors are increasingly turning their attention to private markets, even in the face of strong returns in public markets. #privatemarkets #pensionfunds Check out the article here:?https://lnkd.in/gNaxcZsc

Why ESG Knowledge is Pensions Power for DC Members Rita Butler-Jones, Head of DC (Distribution), provides insight into Legal & General Investment Management (LGIM)'s latest investigation into the ESG views of its DC pension members. They found that support for ESG investments in pensions depends largely on how well the pensions industry communicate to members how pension power works. Once they know that having a pension with a net-zero target would mean balancing the money invested in carbon-intensive businesses against other lower carbon investments, 70% say they’d support net-zero targets. #esginvesting #pensionfunds #esg #sustainableinvesting https://lnkd.in/dZsMfRw5

Why ESG Knowledge is Pensions Power for DC Members Rita Butler-Jones, Head of DC (Distribution), provides insight into Legal & General Investment Management (LGIM)'s latest investigation into the ESG views of its DC pension members. They found that support for ESG investments in pensions depends largely on how well the pensions industry communicate to members how pension power works. Once they know that having a pension with a net-zero target would mean balancing the money invested in carbon-intensive businesses against other lower carbon investments, 70% say they’d support net-zero targets. #esginvesting #pensionfunds #esg #sustainableinvesting https://lnkd.in/dZsMfRw5

The Pensions Regulator found that many pension #trustees are only delivering on the minimum requirements for the #ESG duties. The UK regulator’s Market Oversight: ESG report found that “too many” smaller #schemes had opted for minimum compliance with ESG aspects of their statements of investment principles and implementation statements. #sustainableinvestment #climatechange #investmentmanagers #corpgov

?? The Times (Op-ed): Venture capital can unlock the huge potential of pension funds ?? A call to arms in The Times today from former British Private Equity & Venture Capital Association (BVCA) chair Kerry Baldwin of IQ Capital. The piece highlights the BVCA’s work ???♀? with Kerry in her role as chair of the Investment Compact’s Expert Panel. It focuses on the importance of the Government’s pensions reform agenda, and the real momentum behind the group. ?????????????? The Expert Panel is leading leading the Investment Compact’s work with the pensions industry including the Association of British Insurers Pensions and Lifetime Savings Association, advisers and the wider ecosystem to propose real action on getting pensions backing active investing in UK businesses via Venture Capital and Growth Equity. Without this our retirement funds will not grow fast enough?? . The BVCA believes that this process can help to bring about; ? ????? Government backed action to encourage consolidation in the pensions industry ?? Rapid reform to value for money rules, sensible vehicles which don’t pick winners but which back a growing eco-system of strong UK based venture and growth equity fund managers ?? A greater focus on net returns in the pensions and advisory in the pensions and advisory industry ? All of which is needed to put the UK back in the international mainstream of pensions investment into high growth companies. Huge amounts of work from colleagues Michael Moore Sarah Adams Isobel Clarke Tom Taylor Chris Elphick Olivia Green Juliette Gerstein Patricia Sebastian Mia Forti Great work too James Gribben https://lnkd.in/d5g4bfbh

Facta Non Verba aka Actions Speak Louder Than Words is more than just a saying, it was the core element behind the evolution of the 3PPS Framework that completes its 14th year [of 20] in 2024. Pensions La La Land should be evaluated on its Effectiveness, Efficiency and Relevance, not the useless metrics that continue to deliver a 92% failure to workers. There is also a similar challenge for the VC sector, where I see a lot of 'copy cat' thematics which have failed to support the true needs of Most at Risk (MaR) workers. After Web3 and Tokenisation has had its impact on Fund Administration and reduces friction on settlements, cashflow and authenticity of holdings and securities, there will only be one way in which those MaR can benefit more. That was mapped out to the Regulator over a decade ago and now the cost of Pensions La La Land not backing innovation, or doing the right thing has hit ~￡600bn and will tip ￡2 trillion by 2030 unless action is taken. There is a wonderful explanation of Behavioural Bias that I shared last week, explaining why those in Pensions La La Land and the Advisory communities don't like change. I believe it will take 20 years to eradicate Behavioural Bias to back Early Stage Venture and Innovators who are crazy enough to believe that they will change the world. I've been labelled a fantasist and obsessed about delivering better outcomes for millions of workers. They humiliated me in a Kangaroo Court without once ever demonstrating they understood the math or process I developed. Well the math doesn't lie, only those who want to cover it up do. I've proven the experts wrong in Pensions La La Land and now we are heading into fresh new territory where a focus on Consumer Outcomes, not Shareholder Outcomes, will mean doing things a completely different way to how VC, like Pensions, have operated for decades. Just Saying ??♂? #BUOM #TheCherubsAreComing ??

We are excited to announce the publication of a case study on behalf of South Yorkshire Pensions Authority. Pensions for Purpose now manages the Supporters, Adopters, and case studies of The Impact Investing Principles for Pensions, as well as reviewing annual evidence from investment consultants and fiduciary managers on their progress. Our case study series showcases best practices and the impact journey of Adopters. This study highlights SYPA’s focus on place-based investing, aligning with the Government’s Levelling-up agenda. They collaborate with advisers to integrate impact into their asset allocation and are piloting place-based reporting. SYPA also partners with Border to Coast and the Local Authority Pension Fund Forum to drive their impact goals, tracking portfolio emissions and conducting scenario analysis to stay on course. We encourage other pension funds to Adopt or Support The Principles. Learn more on our Impact Investing Principles for Pensions page: https://ow.ly/jG4950TSpUk or watch our video on refreshing the Principles to learn how to get involved: https://ow.ly/aiH350TSpUj #ThePrinciples #ImpactInvestment #PensionsforPurpose https://ow.ly/N6XS50TSpUi