Do OCIOs Provide Value for Money?
UK pensions are satisfied with their fiduciary managers—but there is room for improvement in crucial areas, a survey says.
Manager Selection
Meketa’s OCIO Group Taps Corporate CIO
Rafi Zaman, former head of global equities at DuPont Capital, has been named investment chief of the newly formed Meketa Fiduciary Management.
NZ Super: How to Buy Illiquid Equities
The self-sufficient sovereign wealth fund reveals its approach to investing in smaller stock markets—in particular, its own.
Happy LP, Happy Life
True alignment of interest with alternatives managers is either a mythic unicorn or an achievable destination. But which is it?
Smart Beta’s Takeover
The so-hot-right-now strategy is creeping into more portfolios—and onto hedge fund turf.
Private Equity Funds Cling to ‘2 & 20’ Fees
As pressure mounts on private equity general partners, data show bespoke mandates are the best way to eliminate high charges.
National Grid Sells In-House Manager to LGIM
The UK pension announces the sale of Aerion Fund Management, which runs three-quarters of its portfolio.
An Active Manager’s Guide to Working with NZ Super
The New Zealand wealth fund has outlined what it expects from its managers and partners.
The Most Consistent Names in Alternatives
If you want the best chance of top-quartile performance, turn to venture capital or buyout private equity funds.
Swedish Funds Target €4B Real Estate Investment
AP1 and AP2 team up with property specialist TIAA-CREF to build out their joint property portfolio.
Replacing Hedge Fund 'Alpha' with Smarter Beta
Investors can access the risk premia from some hedge funds on more favourable beta-like terms, claims bfinance.
Apollo Is 'Deeply Undervalued’, Morningstar Says
Even with extremely conservative projections, the data firm sees Apollo as solid with sticky investors despite its weak stock price.
Investors Overpaying for Bad Private Equity Funds, Study Finds
Asset owners may be paying upwards of 20% of their private equity profits in carried interest—but not always for outperforming funds.
Start Soul Searching, CalPERS’ CIO Tells Private Equity
“What is an appropriate management fee?” How much should limited partners share in profits? Ted Eliopoulos suggests it’s time general partners and peers asked themselves some hard questions.
More Big Titles Filled in Mercer's Alts Units
The consulting giant has added a global leader of hedge fund manager research and North America alternative investments chief to its bench.