Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’

Fund also terminates $259 million non-US equity mandate, opens manager search.

Distinguishing between income oriented investments with a safer risk profile and investments which offer yield, but have highly binary potential outcomes, is crucial in today’s lower yielding environment.

Fund’s return is the highest quarterly return in five years.

New policies aim to improve economy’s long-term growth potential.

For corporate DB plans, return-seeking assets are often synonymous with traditional equities. That’s fine if market conditions are just right, but it leaves plans vulnerable in many environments. We think the solution is to diversify return-seeking allocations with assets that may perform well in a variety of conditions.

“Matt has successfully become one of the top public markets/hedge fund allocators in the industry.”