LACERA Beefs Up Its Investment in Chinese Bioscience
First VC investment of 2019 helps the pension plan increase its exposure to the world’s fastest-growing healthcare sector.
News
Canadian Fund Managers Post 2.7% Loss in 2018
Solvency ratio for Canadian pension plans drops 2% for year.
People Moves Roundup
PGGM gets an acting chairman, Northern Trust makes a swath of changes, and more.
$1.3 Trillion Church-led Pension Coalition to Pressure Mines on Dam Safety
After the Brazil dam collapse, a call for mining company investors to insist on better standards.
Oregon to Invest Up to $3.5 Billion in Private Equity in 2019
Plans to relaunch revised co-investment program and beef up PE team.
Florida’s Ash Williams to Be Next CIO Podcast Guest
The 2017 lifetime achievement honoree discusses 2019 outlook, trade war, hobbies, and interests.
CIO Sentenced to 7 Years in Jail for Fraud, Money Laundering
Ian Robert Woodall was found guilty of defrauding a London pension of more than £1 million.
Hedge Funds Have Worst Year in a Decade
Industry-wide losses of 3.42% in 2018 are largest since 2008.
Alternatives Make Up Majority of Family Office Portfolio
Survey finds alternatives generated 10.2% average return in 2018.
Jerome Powell’s Lousy Market Record for Fed Day Ends
Since he took over the Federal Reserve, stocks had dropped on days when its policymaking body wrapped up work—until yesterday.
Rhode Island Retirement to Lead Class Action Lawsuit against Google
Google’s failure to disclose security breaches ‘necessitate legal remedy,’ pension says.
Russell Exec to Steer CIO Ship Once Again
The firm has tapped Peter Gunning, who had been CIO previously.
UJA Chief Leaving for New Catholic Foundation
Colin Ambrose aims to build out the $3.2 billion nonprofit Mother Cabrini’s investment division from scratch as its first CIO.
Brunel Readies Manager Search for New Global Equity Fund
Pension pool wants High Alpha portfolio to outperform benchmark by at least 3%.
UK Pension Scam Victims Lose an Average of £91,000
Losses are likely to be even higher, as most scams go unreported.