Nevsky Capital Shuts $1.5B Equity Long-Short Fund
The London-based hedge fund has announced liquidation.
Newsmakers
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.
A Pension Fund Divorce
A trio of Danish pensions have split up after high-level disagreements.
PIMCO Boosts Bernanke to Chief Advisor
A former UK prime minister, sovereign fund CIO, ECB president, and State Department official have been tapped to join Bernanke on the ultra-elite advisory board.
Virginia Retirement System Nabs Alts Exec
The $68 billion fund’s inaugural portfolio strategy chief previously served as a BlackRock PM and founded her own firm.
UTC’s Diamonte Joins Morningstar Board
One of the most influential corporate pension CIOs has another board appointment.
15 Signs You Were a CIO in 2015 (Sorry Managers, You Won’t Get #8)
A Bill Gross trainwreck, board meeting catnaps, and big money OCIO offers: Sound familiar?
Prof. Britt Harris and His Army of Investing Titans
Texas Teachers’ CIO imparts wisdom, grooming talent from the ground up.
BlueCrest to Return $8B, Become Family Office
The hedge fund blamed changing fee levels and the challenge of meeting investor needs.
Gates, Dalio, Zuckerberg, U. California Team Up on Clean Energy
In Paris today, Bill Gates is expected to announce a 28-member investment coalition.