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Justin Mitchell

Feel-good corporate slogans and good intentions are no longer cutting it when it comes to diversity and inclusion in the investment community. LPs are pressuring GPs to effect change.
The $53.5bn pension would like to find a way to better measure the full workforces of potential investment managers, among other concerns.
Jase Auby, Teacher Retirement System of Texas, TRS
Teacher Retirement System of Texas Chief Investment Officer Jase Auby told his board that the $148 billion pension’s private holdings are unlikely to decrease significantly once valuations catch up with the public markets — but he warned there was no way to know for sure. “They are likely to be down, but it’s unlikely to […]
The pension's portfolio has lost billions in value as the public markets have struggled due to the covid-19 pandemic.
VCERA
The $254bn pension will slowly raise the allocation in a series of "steps," but will not commit to a hard timeline for the process. CalSTRS also plans to begin its search for its next private equity consultant.
Venture is a tricky asset class. When you do well, you do really well, but a few bad investments can seriously hurt you in the long term.
“We are trying to find ways to … get venture capital investment back in our portfolio,” Chief Investment Officer Yu (Ben) Meng says at CalPERS’ Nov. 18 board meeting.
LAFPP
TorreyCove suggested the pension cut back, partly over fears of a coming market downturn and poor performance by some of its venture managers.
As of June 30, private equity had a one-year return of 16 percent and made up 20 percent of the endowment’s portfolio.
Oregon also announced it promoted Amanda Kingsbury from senior investment analyst for alternatives to investment officer in alternatives.
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