Investors Pile into Real Assets as Record Numbers Seek Funding
Real estate and infrastructure funds saw a surge in capital raising between July and September—but also record numbers seeking assets.
News
Oklahoma Teachers Taps First CIO in Six Years
Kirk Stebbins, formerly at the City of Austin Employees’ Retirement System, has been hired to fill the long-vacant position at the $13.7 billion fund.
ESG Still Not a Priority for CIOs
Growing awareness of ESG is not yet reflected in investment decision-making, according to Hermes Investment Management.
TDFs Take Heat for ‘Risky’ Asset Allocation
A report from Meketa Investment Group calls out target date funds for high levels of public equity exposure.
NZ’s Orr Takes SWF Association Chair
The top man at NZ Super used his appointment to urge members to embrace transparency.
Do OCIOs Provide Value for Money?
UK pensions are satisfied with their fiduciary managers—but there is room for improvement in crucial areas, a survey says.
Activist Hedge Funds’ Transparency Problem
Academics warn of subtle but potentially damaging effects of activist investment.
JC Penney Seals Buy-In for $5B Pension
The retail chain takes a significant amount of pension risk off the table at minimal cost.
L&G America Takes on PRT Market, Inking Major Pension Buyout
Prudential’s grip on US pension-risk transfers is loosening, as it splits Philips’ $1.1 billion bulk annuity purchase with two competitors.
Meketa’s OCIO Group Taps Corporate CIO
Rafi Zaman, former head of global equities at DuPont Capital, has been named investment chief of the newly formed Meketa Fiduciary Management.
Kresge Foundation Funds Talent Pipeline
The nonprofit is putting its trust—and a slice of its $3.5 billion portfolio—in the hands of local students to foster future investors.
Margin Pressures Force Managers to Think Long-Term
Fund groups are seeking to invest more in technology and better systems to improve efficiency as margins come under pressure.
Sovereign Funds Rally Against Manager ‘Super-Profits’
Opaque fee structures and inflated transaction costs became targets at SWFs' annual meeting.
Smart Beta’s ETF Domination
With nearly $500 billion already under management, smart beta indices are becoming a more dominant part of the exchange-traded universe, according to Morningstar.
Another Leader Exits Harvard Endowment
Alvaro Aguirre-Simunovic is stepping down after the $37.6 billion endowment reported modest returns.