E78: Fmr. CIO of CalPERS ($495 Billion) on Private Markets Investing

Dr. Russell Read, current CIO at 10X Capital, and former CIO at CalPERS, CIO of Alaska Permanent Fund and CIO of the Gulf Investment Corporation sits down with David Weisburd to discuss his extensive career as a premier investment professional. They dive into how large scale pensions allocate to private markets, how those plans structure co-investment programs and design a theoretical allocation strategy.

Speakers

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Dr. Russell Read

Guest • 85%

David Weisburd

Host • 15%

Chapters

1:06	Introduction of Dr. Russell Read and his role at CalPERS
1:47	Diversifying investments internationally
3:24	Challenges of allocating to private markets
4:25	Venture capital investment strategies
5:35	Structuring co-investment programs
7:33	Alaska Permanent Fund's success story
11:49	Addressing understaffing in pension funds
13:27	Utilizing external resources effectively
15:03	Economics of co-investment opportunities
17:23	Strategies for new Sovereign Wealth and pension funds
19:40	Impact of fund size on alternative investment success
21:52	Discussing liquidity premium and retirement funding reforms
24:08	10X Capital's strategic approach to asset management
25:04	Investment objectives variation among organizations
27:35	Re-evaluating the 60/40 investment model

Transcript

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