CalPERS Cuts Loose Another Quarter of Its Roster
The $302 billion pension fund said it would look at ‘alternative’ ways to invest in private asset classes, which now account for nearly 90% of its fee spend.
News
SEC Joins FBI in Transition Management Charges
The US regulator follows Massachusetts’ state attorney and the FBI in charging ex-State Street exec Ross McLellan with fraud.
Hilton Foundation CIO Randy Kim Exits
Kim—who spent a decade under David Swensen at Yale’s endowment—split with Hilton Friday, CIO has learned.
Harvard Endowment Downsizes In-House Equities Team
The $37.6 billion fund has cut a number of positions from the public equity group in favor of hiring external managers.
Barings Loses CIO Mid-Merger
Ken Lambden has quit just months after the asset manager announced it would merge with three peers to create a $260 billion multi-asset firm.
What to Do With Your Economics Textbooks
Or, “Why Everything You Read During Your Economics Degree Was Wrong.”
SEC Director Hails ‘Real Change’ on PE Fees
The division of enforcement’s Andrew Ceresney discusses efforts to increase transparency in the industry.
Hedge Funds Top Choice for Factor Exposures
Investors are increasingly adopting factor-based strategies, with hedge funds as their preferred vehicle.
Howard Hughes Medical Institute PE Chief to Depart
Mark Barnard will leave the $18 billion endowment in June after a 20-year tenure.
HP CIO Gretchen Tai Steps Down
She departs after six years leading HP’s retirement funds, CIO has learned.
Private Equity’s ‘Strange and Volatile’ Quarter
With earnings results down for Blackstone, KKR, Carlyle, and Apollo, will negative private equity returns follow?
Hire and Fire: How to Boost Performance
Research into private equity has challenged assumptions about how “stable” fund management teams need to be.
Blackstone Hires Ex-SEC Attorney as Head of Compliance
Marshall Sprung oversaw the enforcement unit that brought charges against Blackstone for its fee practices last year.
Is Your Asset Manager Telling the Truth?
The “prickly relationship” between consultants and managers worsens alongside the reliability of reported data, according to research.
New Zealand SWF Axes Eight Private Equity Funds
CalPERS isn’t the only asset owner culling its roster on a mission to simplify.