Princeton Endowment Loses 1.5% in Fiscal 2022
Yale tops all Ivy League endowments as only portfolio to report positive gains for fiscal year ended June 30.
Research
Higher Rates to Squeeze Middle-Market Private Credit Market, Reports Kroll
Kroll report details a private credit sector protected from systemic risk by financing dexterity, and strong relationships between private equity sponsors and private credit lenders.
Inside the World of Private Equity: Anxiety, Elation and Sangfroid
The hot asset class for allocators, PE is its own world, according to an insider’s book.
Goldman: Due to High Volatility, Now’s the Time to Bet on Earnings Reports
Take out options on how the market will react to an array of 3Q results coming up, the firm says.
Hedge Funds’ Side Letter Usage Remains Constant, as Redemptions Continue
51% of all investors using the individualized agreements are fund-of-funds investors, while $20.75 billion was redeemed from hedge funds in September.
Mortality Is Higher for Impoverished Elderly, Says GAO Study
Social Security reduces the impact of wealth inequality, the research finds.
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.
What Ails the Stock Market: A Stimulus Hangover
Bank of America puts a $13.5 trillion price tag on Washington aid, which set the U.S. up for its current economic travail.
P.E. Deal and Exit Volume Drops in Q3
The number of deals collectively slowed by 20.4% in the third quarter year-over-year, while exits dropped for the third consecutive quarter.
500 Largest Asset Managers Increase Assets by 10.2% in Past Year
The Thinking Ahead Institute’s report found that assets at the Top 500 asset managers hit $131 trillion in assets under management in 2021.
Alternative Investment Professionals Survey Respondents: Recession Imminent
Nearly three-quarters of alternative investment professionals believe the U.S. is already in a recession or will enter one by year’s end, an EisnerAmper survey finds.
Economic Concerns Likely to Spur Pension Risk Transfers
The vast majority of plan sponsors say inflation and rising rates are influencing their de-risking decisions.
Public’s Cash Stash Will Cushion a Downturn? Maybe Not
Economist Shepherdson says Americans’ savings already has been whittled down.
New Report Measures Public Pension Health
NCPERS publishes new metrics to evaluate the sustainability of state and local funds.