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.’
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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.
Vending Machine Owner Indicted for Embezzling from Employee Pension
Howard Preschel allegedly claimed the plan’s money belong to him, not his workers.
The Betting on the Fed This Week
An end to its rate raising and bond buying may be at hand, forecasters say.
Mubadala Suspends Future Goldman Ventures Due to 1MDB Scandal
Abu Dhabi fund awaits the outcome of lawsuit tied to Malaysian corruption case.
Tiger Private Equity Head to Exit in June
Low-key investor Lee Fixel reaped big winnings from Flipkart, Spotify bets.
People Moves Roundup
Rockefeller gets its first ESG head, Standard Life Investments makes a bevy of board changes, and more.
Head of Iceland’s Largest Pension Fund Resigns
Haukur Hafsteinsson to step down after 34 years with Government Employees Pension Fund.
Brazilian Lawmakers May Trim President’s Pension Overhaul Plan
Economy minister is worried about Congress passing a diluted’ version.
Earnings Recession Ahead: Maybe Not
Analysts’ consensus is for a drop in first quarter profits, but a tepid recovery for the rest of 2019.
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.
Brunel Launches Search for Outside Managers to Run New Fund
British pension system needs talent for its fledgling high alpha fund, plus another one coming in late 2019.