Iowa pension buying big into illiquids, mulls insourcing

Thanks to the Covid-19 crisis, interest rates – and thus investment yields – are expected to remain low for even longer, so pension funds are under even greater pressure to generate sufficient returns to fund their future liabilities. To that end, such institutions in Asia and elsewhere are being forced into ever more drastic portfolio shakeups. Like many of its peers, Iowa Public Employees’ Retirement System (Ipers) is heavily putting its faith in private markets. At its quarterl…