Hirtle Callaghan Goes Tactical in 2019
As volatility returns to the market, the OCIO says investors shouldn’t run from risk assets.
Newsmakers
Bonuses Down 15% for Wisconsin Pension Managers
Incentive payout for 2018 was lowest amount in the past five years.
Bridgewater Makes a Bold Bet on Brazil
Ray Dalio’s mammoth hedge fund thinks the debt-stricken land’s growth will be the ‘strongest in the world’ in 2020.
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
Register for the 2019 CIO Summit
Annual two-day event to feature hot-button discussions from the world’s leading asset owners.
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
Brown University Settles ERISA Class Action Suit for $3.5 Million
Complaint alleged excessive fees cost 403(b) participants millions.
Mubadala Suspends Future Goldman Ventures Due to 1MDB Scandal
Abu Dhabi fund awaits the outcome of lawsuit tied to Malaysian corruption case.
Brazilian Lawmakers May Trim President’s Pension Overhaul Plan
Economy minister is worried about Congress passing a diluted’ version.
Kim Lew to Be Next CIO Podcast Guest
Carnegie chief to discuss Africa investments, team building, and diversity.
CIO NextGen Nominations to Continue All March Long
Asset owners and managers to choose 25 of the next industry champions.
NYC Pension Boosts Private Equity Program by $600 Million
Increase raises total assets in emerging managers initiative to $8.8 billion.
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.