AIMCo's Jagdeep Bachher Appointed CIO of the University of California
The Canadian
will leave Alberta to manage University of California Board of Regents’ $80
billion fund.
Newsmakers
The True Burden of Unfunded Liabilities
The deficit
of US cities’ pension funds ranges between under $1000 and $18,000 per
resident, according to Morningstar.
Investment Outposts: A Guide to Branching Out
Sovereign funds and pensions have launched satellite offices to foster in-house management, reduce agency problems, and spot new opportunities, according to a paper.
China SWF CIO Lands Promotion
The largest SWF in Asia has shuffled its top brass.
CIO Profile: Two Weeks into Job, New Mexico's Grabel Talks Changes
Jonathan
Grabel, a private equity veteran and now CIO of New Mexico's $14 billion pension fund, plans to take a hard look at the manager roster and get granular with portfolio data.
Lord Hutton Joins Redington…as Ball Leaves JLT
January has brought some major staff changes at UK consulting firms.
Insight Investment Hires LDI Veteran
Tarik Ben-Saud worked at BlackRock for 15 years before spending almost two years assisting with reconstruction efforts in the Middle East.
Peak Assets: Institutional Investors at Davos
Which CIOs are heading to Switzerland next week?
Criticized for Oil Ties, Heinz Foundation Head Leaves for Fracking Company
The organization has lost four top executives in the past year while pursuing controversial “clean fracking” initiative.
CIO Profile: The Most Exotic Fund You’ve Never Heard Of
Papua New Guinea’s top pension CIO works in the Opposite Land of institutional investment, where long bonds earn 11% and OCIO is a thing of the past.
Kresge, Knight, and Ford Foundation Lead Effort to Save Detroit’s Art
Nine foundations are to kick-off a $500 million fund to help satisfy the city's pension obligations without resorting to selling off the Detroit’s art.
FX Concepts Founder Vows a Comeback
John Taylor has said in a research note that he is returning to his professional roots in an attempt to give FX Concepts a second act.
Mayall Quits Insurance CIO Role after 18 Months
It’s “all change” at UK insurer LV as a new CIO takes the reins.
CalPERS CIO Joe Dear Taking Leave for Recovery
The CIO of the
largest public pension fund in the US will be undergoing treatment for cancer.
Russell Investments Rumored for Sale—Again
Once again, the allegedly troubled pairing of Russell and Northwestern Mutual is dogged by reports of a desire to split.