Norway SWF Sets Out Case for Real Estate Expansion
The world’s biggest sovereign wealth fund has published research advocating a 15% allocation to property.
News
Abu Dhabi to Close UK Office
One of the world’s largest sovereign funds is shutting its London hub.
MOSERS’ Rick Dahl to Retire After 21 Years
The CIO 2015 Lifetime Achievement Award honoree will pass on the torch to now-Deputy Seth Kelly next year.
The Canadians Are Coming: Fifth Pension Opens NYC Office
PSP—a $84 billion Canadian pension—is the latest fund to set up shop south of the border.
Korea Investment Corp Chairman Quits
Hongchul Ahn has left the sovereign wealth fund a year before his term was due to end.
UAW Trust Hires S. Carolina Pension Head as CIO
Hershel Harper, recently CIO of South Carolina’s public pension, will succeed Ken Frier.
Headcount, Pay Up in Private Equity
Private equity is heading into 2016 with more and better paid staff as fundraising targets continue to rise.
PIMCO Loses Product Management Chief
Wendy Cupps, one of Bill Gross’ alleged ousters, will retire after two decades at the Newport Beach, California-based firm.
Philips Seals UK’s Biggest-Ever Full Buyout
The £2.4 billion deal follows two smaller buy-ins and a related risk-transfer arrangement in the US.
Sunsuper Hires First-Time Asset Owner as CIO
An executive with consulting firm JANA will take the helm of the $23 billion fund.
Why Due Diligence Is Broken, and How 18 CIOs Would Fix It
Step one: CYA mode should stand for ‘Cover Your Assets.’
What Hedge Fund Managers Make in a Bad Year
Investors are on track to lose money in hedge funds this year—and pay managers an average $1 million each for their services, recruiting data show.
Russell Appoints UK Fiduciary Head as Market Builds
A major provider of OCIO has appointed a chief to spearhead its business in the UK and Ireland.
Can Bond Managers Cope with Higher Rates?
A lack of manager experience of interest rate hikes is a concern for asset owners, research shows.
Tie Bonuses to Gender Balance, UK Finance Firms Told
No women could equal no bonus for finance firm bosses in the UK, if proposals in a new government-backed report are adopted.