Skin In the Game, No Longer
A list of six funds whose managers have pulled their entire $1M+ personal investments.
Manager Selection
CalPERS, QIC Forge A$1B Infra Partnership
The deal marks the first major real asset investment since CalPERS hired its new sector chief Paul Mouchakkaa to replace now-CIO Ted Eliopoulos.
Tiger Global Loses Execs, Again
In addition to losing two more key investment personnel, the $20 billion firm will also merge two of its public equity funds.
Consultants Combine to Combat ‘Conflicts of Interest’
Two investment consultants that stayed out of the OCIO game have joined forces in the UK.
What Makes Managers Pile on More Risk?
Performance-linked compensation schemes, according to a study of 2,500 individual funds.
Scandals, Bans Fail to Slow Placement Agent Boom
Nearly 75% of private equity funds in 2011 relied on allocator-manager matchmakers, according to research.
Tiger Grandcub JAT Capital to Return Money, Close Down
After a volatile eight-year run, the $1.7 billion hedge fund will become a family office.
Why Your (Smaller) HF Manager Might Not Be Worth the Fees
An equal portion of large and small hedge funds hold the same popular stocks, Novus says.
What Private Equity Sells vs. What They Actually Do
If an ex-investment banker is in charge, expect plenty of financial engineering, Harvard researchers say.
Vanguard Tops PIMCO Total Return as World’s Largest Bond Fund
PIMCO’s flagship fund lost $5.6 billion in April, bringing down its total assets to $110.4 billion, the firm said.
NYC Pensions to Demand Diversity Data from Managers
Firms interested in doing business with the funds will have to reveal staff demographics, according to the city’s comptroller.
How to Survive the Cutthroat Business of Outsourcing
Customization and de-risking strategies are key to winning and retaining OCIO mandates, according to research firm Cerulli Associates.
What Price Yield? Fund Managers ‘Taking Excessive Risk’
Fixed-income funds may be taking on more risks than investors realize due to the huge demand for income.
GSAM to Buy OCIO Pacific Global Advisors
The acquisition will add $18 billion to Goldman Sachs Asset Management’s funds under advisement.
Don’t Blame the Hedge Fund Managers
High correlations and low dispersions of stocks have caused today’s environment for poor hedge fund performance, according to analytics firm Novus.