Cambridge Associates Reshuffles Leadership
The consulting and OCIO firm has a new president with deep ties to the organization: Pension practice architect David Druley.
Newsmakers
Ontario Teachers’ Taps New CIO
Bjarne Graven Larsen was formerly CIO of Denmark’s ATP.
LDI Expert Tapped as Industrial Workers’ Pension CIO
Denmark’s Industriens Pension has hired a replacement for Henrik Nøhr Poulsen.
CalPERS’ Hedge Fund Cull Helped Save $217M
CIO Ted Eliopoulos reports on the hard numbers emerging from his portfolio overhaul.
Danish Pensions Aim to Feed the World
PensionDanmark and PKA have dedicated money to an agribusiness fund for developing economies.
Dubai-Based SWF Hunts for Public Markets Chief
The ideal candidate will have at least 15 years of experience, with a focus on global equities.
Aon Hewitt’s Global Consulting Chief Departs
Yvan Legris is leaving the industry after a career spanning three decades.
Soros Picks New Family Office CIO
Ted Burdick will succeed Scott Bessent as chief investment officer of the $30 billion wealth vehicle.
Nevsky Capital Shuts $1.5B Equity Long-Short Fund
The London-based hedge fund has announced liquidation.
Another Distressed Debt Fund Goes Under
Mass redemptions from liquid alts clients have pushed Lutetium to unwind and close its doors.
Norway Reshuffles SWF Real Estate Leadership
Karsten Kallevig is to become CEO of the property subsidiary of Norway’s giant sovereign fund.
Rate Hike ‘Could Wipe $450B from Pension Underfunding’
The Federal Reserve's rate increase marks the beginning of a tightening cycle that will decrease the value of pension liabilities.
Critics React to Contentious Towers Watson Merger
“Why is it necessary for one side to suffer so materially to get the deal done?” asked one proxy advisor, after the merger’s narrow passage.
CalPERS Pushes Ahead in Fight to Cut Costs
With savings of $217 million in the last fiscal year, America’s largest public pension looks ahead to becoming even more cost-efficient.
MassPRIM’s Sarah Samuels Voted Next Generation Winner
More than 100 asset owners cast ballots to name the industry’s top young leader, and the crown went to MassPRIM’s deputy CIO.