In this conversation Top1000funds.com editor Amanda White speaks to Oregon State Treasurer, Elizabeth Steiner, about the future role and expectations of private equity, how a maturing of the asset class puts pressure on returns, and the private/ public asset mix in the fund’s four-yearly asset allocation review which has just begun.

The board of CalPERS has approved a momentous structural change that gives the $556 billion fund a single reference portfolio for judging performance, delegated authority to investment staff to construct the portfolio, and a simplified measure of success.

The fund’s chief investment officer, Stephen Gilmore, has been behind the fund’s shift to this approach which he says can add 50 to 60 basis points to portfolio returns.

In a long and detailed interview, Top1000funds.com editor Amanda White spoke to Gilmore about how a TPA mindset can add value, simplify accountability and open new opportunities for investments.

In this live recording from the Fiduciary Investors Symposium, hosted by Top1000funds.com in Singapore in March 2025, Professor Kotkin unpacks what’s next for the US and the world

In the midst of the great power rivalry between the US and China, “we need all the help we can get to carve out a future that works well for all of us” says Danny Quah, Dean and Li Ka Shing Professor in Economics at Lee Kuan Yew School of Public Policy at the National University of Singapore, in a talk examining the future of the global economy and the role of Asia. Listen here.

Investors are currently facing the end of uncertainty around assumptions they have made for decades, and need to shore up their portfolios with greater inflation protection, more active management, and by fostering innovation, according to chief strategist at the Investment Management Corporation of Ontario, Nick Chamie who spoke to Amanda White in the Fiduciary Investors Series podcast.

About Professor Julian Allwood

Julian Allwood is Professor of Engineering and the Environment at the University of Cambridge. From 2009-13 he held an EPSRC Leadership Fellowship, to explore Material Efficiency as a climate mitigation strategy – delivering material services with less new material. This led to publication in 2012 of the book “Sustainable Materials: with both eyes open” - listed by Bill Gates as “one of the best six books I read in 2015.”

Julian was a Lead Author of the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) focussed on mitigating industrial emissions. Amongst others, he was elected as a Fellow of the Royal Academy of Engineering in 2017.

From 2019-24 he is director of UK FIRES – a £5m industry and multi-university programme aiming to explore all aspects of Industrial Strategy compatible with delivering zero emissions by 2050. ‘Absolute Zero’, the first publication of UK FIRES attracted widespread attention including a full debate in the House of Lords in Feb 2020, and has led to a string of other reports, research and impact.