Backing Talent, Not Track Records
Family-office cowboys have new competition in niche seed investing: A $3 billion hospital fund.
News Archive: Apr - 2016
Secretive Hedge Funds More Likely to Crash
The less transparent a hedge fund’s process, the more likely it is that investors are exposed to significant downside risk, research shows.
Cambridge Associates Taps New Chairman and CEO
David Druley will succeed Sandra Urie, who will leave the firm on July 1 after a 25-year tenure.
London Pensions Pooled Money, Now Need Managers to Invest It
Almost £8 billion is now under the oversight of the collaborative venture.
Wilshire Taps New OCIO Chief
Veteran consultant Mark Brubaker will lead Wilshire’s full discretionary client accounts effective immediately.
Only Half of UNPRI Managers Follow Principles, Says Consultant
A Lane Clark & Peacock survey found that asset managers who say they’re committed to environmental, social, and governance issues don’t necessarily behave accordingly.
NY State Pension To Bolster Investment Team
The $178 billion fund is looking to fill positions in risk, fixed income, and real assets.
IBM CIO Ray Kanner to Retire
Kanner plans to step down early this summer after 23 years with the $150 billion pension fund, CIO has learned.
TIAA Targets DC in Revamp
Nuveen Investments and TIAA Investments will be unified under a defined contribution investment only business.
High 3i: Personality Metrics of Strong Asset Managers
Manager selection boils down to the people—and three key traits, writes guest columnist Christopher Schelling, private equity chief for the Texas Municipal Retirement System.
Temasek Restructures, Loses Americas Chief
The $197 billion sovereign fund has promoted its joint heads of investments to presidents, while Boon Sim will exit May 1.
Risk On, Brain Power Up
Dealing with funding shortfalls will require greater risks, but many pension professionals are worried their funds don’t have the knowledge base needed.
$5B Hedge Funds-of-Funds Aurora to Liquidate
The Chicago-based hedge fund investor said it would return capital to clients after an acquisition deal fell through last week.
The Great Canadian Pension Fight
When is big too big for pension plans? A Canadian think tank takes on the idea of mega-funds.
SWFs ‘Not to Blame for Equity Crash’
An independent think tank claims sovereign wealth funds are unlikely to have been forced sellers.