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
Manager Selection
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.
CalPERS Commits More than $3 Billion to Real Estate
Among the commitments was $30 million to real estate firm CIM to develop an office building in downtown Sacramento. CalPERS announced last week that it had terminated its relationship with CIM in the failed project.
NEST Picks Private Market Managers
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.