U. California’s Massive Cull: 100 PE Firms, All REITs, Coal, Oil Sands
The $98 billion fund has cleaned house, earning top-decile gains in the process.
Asset Allocation
CalPERS, AIMCo Among Backers for ESG Infrastructure Benchmark
Some of the world's largest asset owners representing $1.5 trillion in total assets have backed a new standard for assessing sustainability within the asset class.
Insurers Commit to Renewable Energy Infrastructure
After a period of hesitation European insurers have jumped into infrastructure investment.
Public Pensions Double Down on Hedge Funds
American public pension plans are betting big on hedge funds despite high-profile exits, making up 16% of invested institutional capital.
Private Equity’s Most Demanding Customers
Investors expect significant outperformance and an improvement in alignment of interests from private assets, as debate over fee levels rages on.
Foundations Post Slashed Gains in 2014
Despite lower returns, nearly 60% of foundations increased their spending rates, according to Commonfund and the Council on Foundations.
Cash Gets More Expensive as Fed Hike Looms
Interest rates may still be at record lows, but that has not stopped some money market fund providers from inching up their charges.
China Seeks to Prop Up Equities with $94B from Pension Fund
The country’s authorities want its public pension to help support its ailing stock market.
How BlackRock Could Scare Investors Into Selling
Academics have found investors—in fear of fire sales—migrate from stocks owned by asset managing giants, resulting in negative returns and low liquidity.
Yale Hits Back at Endowment ‘Hoarding’ Accusations
A New York Times op-ed and writer Malcolm Gladwell have called out Yale for spending too much on managers, and not enough on students.
Silicon Valley Raises $75B in Venture Capital, Preqin Finds
Menlo Park, California’s Sequoia Capital and New Enterprise Associates topped the list of venture capital firms, with each raising more than $10 billion over the last decade.
Manager Fear Number One: China
China and emerging markets fall out of favour among asset allocators following a turbulent few months in equity markets.
Funds of Hedge Funds Fight Back
Don’t look now, but funds of hedge funds just outperformed their single manager rivals.
How Beta Strategies Can Move Markets
Research Affiliates delves into why some smart beta concepts have a higher impact on their corresponding indexes than others.
Why Your Kids Won’t Know What ‘ESG’ Means
Generations X and Y take including environmental, social, and governance investment issues as read, according to data analysts.