UK’s Border to Coast Hires Four Managers for New Global Equity Fund
One of the Britain’s largest public pension pools picked four managers to run its new equity fund.The £45 billion ($57 billion) Border to Coast Pensions Partnership’s Global Equity Alpha Fund will be...
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LACERS Bounces Large Cap Manager AJO
The Los Angeles City Employees’ Retirement System has terminated a large cap US equities manager, according to board meeting materials.The $17.3 billion fund ended its contract with AJO due to...
View ArticleNEST Picks Private Market Managers
UK defined contribution fund NEST will have two fund managers running its private credit operations as it enters the private market.Amundi will manage real estate debt and BlackRock will handle...
View ArticleCalPERS Commits More than $3 Billion to Real Estate
The California Public Employees’ Retirement System (CalPERS) has committed more than $3 billion to its $42.1 billion real assets investment class, shows a report to be presented to its investment...
View ArticleCalPERS Picks Local Real Estate Manager
The California Public Employees’ Retirement System (CalPERS) has selected Hines as its new manager for Sacramento Venture real estate partnerships.“Hines is a longtime CalPERS partner and has a strong...
View ArticleMispricing Fees ‘Can Be Fatal’ for Asset Managers’ Business
Mispricing fees can be “fatal to a manager’s business,” according to financial consultant Greenwich Associates, which said asset managers can lose millions of dollars in revenue by either overpricing...
View ArticleTips on Searching for the Best OCIO in a Growing Market
With Outsourced Chief Investment Officers (OCIO) on the rise, institutional investors are increasingly weighing the option to entirely outsource the responsibility of asset management decisions to...
View ArticleCase Study: Seeking More Agility, University of California Redesigns Fintech...
The University of California’s investment office faced issues like many other pensions its size: The combination of increasingly sophisticated stakeholders, a rising need to blend outsourced and...
View ArticleNYC Comptroller Calls on 56 Firms to Adopt Rooney Rule
New York City Comptroller Scott Stringer is calling on 56 companies to adopt the so-called “Rooney Rule” and establish policies to consider women and minorities when hiring CEOs and board of trustee...
View ArticleLegislators Urge Endowments to Boost Asset Manager Diversity
Six members of Congress have sent a letter to the National Association of College and University Business Officers (NACUBO) calling for greater diversity among asset managers handling endowment funds...
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Harvard Restructuring Shows Signs of Progress
Despite not being pleased with Harvard endowment’s investment returns of 6.5% and 8.1% for the past two years respectively, Harvard Management Company CEO N.P. “Narv” Narvekar said there is “some good...
View ArticleAUM for Top 500 Managers Falls 3% in 2018
Assets under management for the 500 largest asset managers fell 3% to $91.5 trillion at the end of 2018, up from $94.4 trillion at the end of 2017, according to a report from WillisTowersWatson’s...
View ArticleCohen & Steers Names Jon Cheigh CIO
Investment manager Cohen & Steers has named Jon Cheigh as its new CIO. Cheigh, who is currently the firm’s head of global real estate, succeeds Joseph Harvey, who has been CIO since 2003. Harvey...
View ArticleDanish Pension ATP Names Mikkel Svenstrup CIO
Denmark’s Arbejdsmarkedets Tillægspension (ATP) pension has named Mikkel Svenstrup as its new CIO to oversee the fund’s more than DKK900 billion ($133.3 billion) in assets.Svenstrup, who will assume...
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Breaking News: Washington State Investment Board Names New CIO
Allyson TuckerThe $139.6 billion Washington State Investment Board (WSIB) announced Thursday that Allyson Tucker, head of the board’s Risk Management and Asset Allocation team, has been named chief...
View ArticleExclusive: CalPERS Fires Most of Its Equity Managers
In a major investment move, the California Public Employees’ Retirement System (CalPERS) has terminated most of its external equity managers, slashing their allocation to $5.5 billion from $33.6...
View ArticleAlmost $14 Billion Pulled From CalPERS Equity Managers
The California Public Employees’ Retirement System (CalPERS) continues to move money from fired external equity managers, investing nearly $14 billion into several different internally run equity index...
View ArticleMarket-Lagging Druckenmiller: I Was Wrong About Stocks
Stanley Druckenmiller famously exited many of his equity positions in favor of the safety of Treasury securities this past year. Now, with the S&P 500 up 29% in 2019, he regrets that move.Freaked...
View ArticleFinnish Pension Veritas Hires New CIO from Rival Varma
Finnish pension group Veritas Pension Insurance has poached Kari Vatanen from rival Varma Mutual Pension Insurance Company to be its new CIO, effective March 1.Vatanen replaces former CIO Niina...
View ArticleCharles Emond Named CEO of Quebec Pension Fund CDPQ
The board of directors of the C$326.7 billion ($247.2 billon) Quebec pension fund Caisse de depot et placement du Quebec (CDPQ) has named Charles Emond as its new president and CEO effective February...
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