The latest developments and trends in asset management practices for institutional investors. Find out how to submit articles on this topic here.
As plans, board members, staff, and advisors celebrate many public pensions crossing their 80% funding threshold, a critical question arises: “Now what?” Continue Reading
This article highlights how a manager with investment expertise across both AUMs and securitized credit markets can deliver a comprehensive Asset-Based Finance solution, enhancing manager alpha, increasing diversification and portfolio Continue Reading
The maturation of private credit is shaping opportunities in this dynamic, multifaceted asset class. This article discusses the benefits of private credit in portfolios. Continue Reading
By: Emma Norchet, T. Rowe Price Investment Management, Inc. This is an excerpt from NCPERS Fall 2025 issue of PERSist. More firms are remaining private for longer as doing so enables them to focus on long-term growth initiatives free from some of the burdens public companies face. In fact, the... Continue Reading
Maritime finance offers lenders a distinctive combination of downside protection, liquidity and high cash flow. Structuring senior secured loans as sole debt providers can allow investors to manage risk and capture attractive returns. Continue Reading
This article discusses the current state of the commercial real estate market and why the reset pricing that has occurred over the past couple of years could present an opportunity to generate outsized returns in future years on relevant investments. Continue Reading
Diversification is supposed to be the only free lunch, but when historical relationships—like the traditionally inverse one between bond and stock prices—breakdown, public pensions must look at what else is on the menu. Continue Reading
The true objective of a pension is to secure and fully fund the benefit payments in a cost-efficient manner with prudent risk. Cash flow matching is the best fit to accomplish the pension objective. This is an excerpt from NCPERS Summer 2025 issue of PERSist. Continue Reading
As other alternative investments become mainstream, the piece makes the point that it might be worth asking whether private equity (PE) — with proper safeguards and labor-conscious design — could responsibly serve as a diversification tool in 401(k) and 457 plans. With broad growing interest in inve Continue Reading
This article highlights how public equity markets have become more concentrated, U.S.-dominated, and driven by intangible-rich technology firms, reducing traditional diversification. Public pension trustees should reassess portfolio construction to address rising concentration risk and consider comp Continue Reading
By: Joanna Bewick and Christopher Tessman, Wilshire Pension fund investors can learn that while the 60/40 portfolio showed strong performance in 2024 due to a booming equity market, it is important not to underestimate the enduring benefits of diversification over the long term. By spreading... Continue Reading
By: Ray Wicklander, Great Lakes Advisors This article discusses the potential privatization of Fannie Mae and Freddie Mac and proposes a contingent capital structure, which we feel would equitably and optimally address key stakeholders. The suggested Contingent Capital Commitment Facility (CCCF)... Continue Reading
