As the infrastructure asset class matures, two quite different types of investment are emerging. Former Allianz Capital Partners chief executive Thomas Putter explains why an understanding of this is so crucial
The $140bn California pension presented its investment committee with a new policy that gives greater preference to private investments and emphasises OECD markets. Director of Investment Management John Petzold said the policies will give CalSTRS ‘a more clear and focused way’ to invest in the asset class.
The $242 billion National Pension Service of Korea is planning to grow its alternative assets allocation to more than 10 percent of total assets in 2014. The allocation represents a meteoric rise on the 3.8 percent target allocation set in 2008.
The $30.5bn Los Angeles County Employees Retirement Association came to this conclusion after deciding that the marketplace for infrastructure investments is so under-developed that it is best for the pension to wait before making a commitment, according to a memo.