The director of global research at America’s seventh largest public pension is predicting that many of his peers will turn to gold to hedge against currency devaluation and inflation.
Dark pools, often a place for institutional investors to trade anonymously in large quantities, are now under pressure from the SEC.
The United States and United Kingdom received only middling grades, with Japan and its massive defined benefit system coming in last.
A likely result of weak fundraising, venture capital firms are doing smaller—but not fewer—deals than in Q2.
Although still relatively small compared to total global stock market capitalization, SWFs are becoming more prevalent equity investors. A lack of compliance with the Santiago Principles, however, may stoke fears in some economies.
Following in the footsteps of Harvard and others, Rice has established the Rice Management Co., which will look after the school’s $3.6 billion endowment.
Following scandal at New York’s Common Fund and CalPERS, former Chairman Arthur Levitt is calling on President Obama to launch a countrywide investigation into middlemen and public pension funds.
Although the fund was known to be down 27% on the year, the recently released annual report shows that the University lost big on interest-rate swaps and real estate in fiscal 2009—and that the University also was, unusually, investing much of its General Operating Account alongside the rest of the endowment.
A study by Charles River Associates states that European pensions could see limited investment options and weaker returns due to the draft directive on alternative asset management.
Moving his gaze from placement agents to the men and women who can exert uninhibited control over state pension systems, New York Attorney General Andrew Cuomo moves to curtail the power of sole trustees.
A recent survey shows that institutional investors from around the globe are happy with their hedge fund holdings, despite average losses of 19% in 2008.
Recent moves by the China Investment Corporation and the Qatar Investment Authority highlight sovereign funds’ dual role as stabilizers and profiteers.
Although the university is claiming that it doesn’t need the cash, Stanford has initiated a sale of up to $1 billion in private equity stakes in the secondary markets.