The pension fund will be increasing its current 20% allocation for infrastructure and real estate to 25%, attributing the decision to a new asset liability study that was completed in the previous year.  

CAAT Chief Investment Officer Asif Haque toldd Top1000Funds.com that amid the investor’s progress, it was looking to make more moves for more growth. 

“We are big enough to be a meaningful partner to private market GPs, but we are also still small enough to be able to allocate to newer managers with smaller fund sizes where return expectations can be more interesting,” said Haque.  

The article revealed that pension fund is targeting 25-30% of the real assets portfolio in co-investment opportunities. A strategy CAAT is leaning towards to accomplish that is cultivating the long-term relationships which can make way for such prospects. 

According to Haque, the pension fund believes in active investment as well as the ability to provide more value that is more than what is currently available in the market.  

This is seen in CAAT’s portfolio where three quarters of it were mandated to external managers in relationships that dated back 10 to 20 years. Such moves had contributed to an outperformance of the fund’s policy benchmark by 1.5% annually.  

“Active management is a meaningful contributor to the overall health of the plan. We take the big strategic decisions internally around asset mix and ranges, our investment policy and any tactical decision making. But day to day asset management is outsourced to a large group of external managers across public and private markets,” explained Haque.  

Following US President Donald Trump’s tariff strategy, CAAT is keeping watch of its effects on the market and is actively discussing with managers to move accordingly.  

“We are looking at the threats and opportunities that weren’t there but are now there. We haven’t come to any conclusions, but we are thinking about world and talking to our external partners about issues with a long term focus,” said Haque.  

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