Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 ESG Investing
    • 2023 Private Markets
Breadcrumb
  1. Home
  2. SEARCHES AND HIRES
August 18, 2017 01:00 AM

Hawaii slates $100 million for 2 funds, reports 13.4% fiscal-year return

Arleen Jacobius
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Hawaii Employees' Retirement System, Honolulu, committed up to $50 million each to ISQ Global Infrastructure Fund II and CBRE Strategic Partners U.S. Value 8, said Vijoy Chattergy, chief investment officer of the $15.4 billion pension plan.

    I Squared Capital's latest infrastructure fund is expected to make middle-market investments in the energy, utilities and transportation sectors. Hawaii had committed $20 million to I Squared's first fund.

    Pension fund officials at the Aug. 14 board meeting also committed to CBRE Global Investors' latest value-added and opportunistic real estate fund. Hawaii had invested in the last three funds in the CBRE Strategic Partners U.S. Value fund series, he said.

    Separately, the pension plan earned a gross 2.5% return for the quarter and 13.4% for the year ended June 30. The fiscal-year return surpassed the pension fund's benchmark of 11.9%. Net returns were not provided.

    The best-performing asset class was broad growth, which includes public and private equity, real estate and equities, with a 17.1% return. Public equities posted a 22% return. The worst-performing asset class was principle protection, which includes sovereign bonds and treasury bonds, at 1.9%. Hawaii has a 76% target to broad growth and 9% to principle protection. Hawaii's new crisis risk offset class, which includes long bonds, systematic trend and alternative risk premium, was down 2.4% for the quarter. The crisis risk offset asset class, which has been around for less than a year, has a 10% allocation target. The remaining 5% of the portfolio is allocated to real return; a fiscal-year return was not provided.

    "We feel (the crisis risk offset portfolio) is doing what we wanted it to do. We understood that in strong equity markets it could not be additive. It should be an offset," Mr. Chattergy said.

    The total portfolio's gross return for the three years ended June 30 was 5.5%; five years, 9.2%, and 10 years, 5.3%, surpassing the benchmark return for all periods.


    Compare returns of public pension plans with P&I's Pension Fund Returns Tracker
    Related Articles
    Hawaii land trust looking for hedge fund manager
    Hawaii Employees slates $100 million for 2 real estate funds
    Hawaii Employees keeps PCA as investment consultant
    Illinois Teachers posts 12.3% fiscal-year gain
    Alaska Permanent records 12.57% fiscal-year return
    Hawaii Employees' Retirement System earmarks $425 million for fixed income, rea…
    Hawaii puts Aon Hewitt on watch
    Hawaii taps Oechsle for $600 million global bond allocation, commits $50 millio…
    Recommended for You
    ONLINE_815009999_PH_4_DIIFSHYDJWFS.jpg
    Schwab bond ETF logs $4.6 billion inflow amid quarter-end shuffle
    thomas-dinapoli-new-york-state-common_i.jpg
    New York comptroller questions Blackstone on child labor at portfolio company
    Ashby Monk
    Stanford's Ashby Monk sees 'portfolio positioning' as the future of investing
    Innovations in DC: Moving Ahead on Retirement Outcomes
    Sponsored Content: Innovations in DC: Moving Ahead on Retirement Outcomes

    Reader Poll

    March 22, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    Global Fixed Income: Volatility and Uncertainty Here to Stay
    Valuing Banks: Hidden Losses Versus Assets
    2023 Outlook: The Top Five Trends to Monitor in the Year Ahead
    Targeting Impact with Indexes
    Show Me the Income: Discovering plan sponsor and participant preferences for cr…
    The Future of Infrastructure: Building a Better Tomorrow
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 ESG Investing
      • 2023 Private Markets