Despite Strong Returns, New Mexico Exits Core Real Estate Strategy
Pension cites Berkshire’s lack of ability to ‘scale up going forward.’
Alternatives
Ontario’s Direct Investment Model Helped ‘Buffer the Impact’ of Global Market Downturns
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Canadian Pension’s ‘Pivotal Year’ Drives Substantial Progress for Its Alternative Strategies
Robust international portfolio delivered $9 billion in 2018.
Los Angeles Fire and Police Pension Evaluates Potential Real Estate Direct Investment Platform
Feasibility studies begin on the rare investment strategy.
Jana Partners Deep-Sixes Two Funds in Favor of Activism
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
CPPIB Forms €2 Billion European Logistics Partnership
Canadian pension to contribute €450 million of equity.
‘CalPERS Direct’ Isn’t Exactly Direct
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Tourbillion Joins Highfields, Criterion Capital in Recent Hedge Fund Closures
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.
Denmark’s PKA Splits Up Alternative Investment Facility
Responsibilities will be divided between two newly created independent companies.
Energy Infrastructure May Be on the Horizon for Norges Bank
Unlisted private, infrastructure investments barred by Ministry.
CalPERS Report Details Role in Dakota Pipeline Controversy
Engagement led to 17 banks disengaging from the project.
CPPIB Enters Merger with Brazilian Wind Farm
Merger sees both entities holding all shares capital, allows for use of the put option.
CDPQ Returned 9.3% in 2017
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Morgan Stanley Estimates Hedge Funds Invested $2 Billion in Crypto-assets in 2017
Client note “Bitcoin Decoded” determines 84 crypto-hedge funds launched this year.
Commodities Prices Down in June
Low energy prices have contributed to a lack of pickup in inflation, while concerns about Chinese growth have abated, Credit Suisse reports.