Multi-Manager v. Multi-Strategy: The Hedge Fund Debate
High fees
and employee turnovers of multi-manager hedge funds may overpower their benefits, Cambridge Associates has found.
News
When Real Estate Became All About Debt
This year could be the turning point for debt funds to raise more capital than equity.
State-Run DC Plan for Private Sector Moves Ahead
Connecticut has passed a bill paving the way for a public retirement system for private workers.
NJ Pension: Up with Active Management, Down with EM Equities
The $76.8 billion fund has cut its emerging market ETF exposure by more than $1 billion.
Protect, Perform, Provide
From the vault: Wake Forest University’s Jim Dunn is bringing the school’s billion-dollar endowment back to basics. A 2010 cover story by Kip McDaniel.
Wake Forest Spins Off Endowment Office as OCIO Shop
Verger Capital Management, a joint venture between the university and management team, will be a led by current CIO Jim Dunn.
Asset Boom in Asia, but No Pay Day for Managers
A move to bring investment capabilities in-house could mean managers miss out on growing assets.
CalPERS Presses Bank of America to Fire PwC
Accounting errors under PricewaterhouseCoopers’ watch led the pension to vote against its contract renewal.
Stanford to Dump Coal Holdings
The $18.7
billion endowment joined a dozen other universities by divesting from 100 public
coal-extracting companies.
SEC: Private Equity Firms and Illegal Fee Collections
An
examination of private equity firms the last two years revealed an “enormous
grey area” of hidden fees and expense-shifting, costing investors proper
monitoring of investments.
L&G Distribution Head Joins Och Ziff
Hugh Cutler has moved from the passive investment giant to an asset-gathering hedge fund.
GSAM on Insurance: Low Yields, Increased Risks
A survey of insurance CIOs revealed a growing
interest in private equity as an answer to a low-yield environment.
La Caisse Shakes Up Team to Strengthen Québec Focus
The Montreal-based pension plan will appoint an executive
vice-president of Québec to manage its private equity portfolio
focused on local investments.
Sharpen your Resumés: Norway is Hiring
The Norway Pension Fund Global needs economists to guide its strategies.
APG Extends Indian Affair
The largest European pure-play pension investor has plunged more money into India.