Finnish Pension Veritas Hires New CIO from Rival Varma
Kari Vatanen replaces Niina Bergring, who left to join Helsinki’s Aktia Bank.
Manager Selection
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Breaking News: Washington State Investment Board Names New CIO
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
Cohen & Steers Names Jon Cheigh CIO
Cheigh succeeds Joseph Harvey to oversee investment of firm’s $70.8 billion AUM.
AUM for Top 500 Managers Falls 3% in 2018
BlackRock retains the title of world’s largest asset manager for ninth straight year.
Harvard Restructuring Shows Signs of Progress
Despite disappointing returns, CIO Narvekar says there is ‘some good news.’
Legislators Urge Endowments to Boost Asset Manager Diversity
NACUBO says Congress members are preaching to the choir.
NYC Comptroller Calls on 56 Firms to Adopt Rooney Rule
Scott Stringer criticized leadership teams ‘that look like they’re out of the 1950s.’
Case Study: Seeking More Agility, University of California Redesigns Fintech Platform
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Tips on Searching for the Best OCIO in a Growing Market
RFPs, shortlists and when to hire a search firm.
Mispricing Fees ‘Can Be Fatal’ for Asset Managers’ Business
Managers can lose millions by either overpricing or under-pricing fees.
CalPERS Picks Local Real Estate Manager
New developer announced a week after the fund terminated the previous developer’s contract.