Manager Selection
Nest to Launch $267M Venture Capital Investing Sleeve With Schroders
The U.K. defined contribution pension scheme plans to grow its private markets allocation to 30% by 2030.
News
Newsmakers
TIFF Names Senior Leaders to Build Out Secondaries Platform
Andrew Murray and Stephen Grau will expand the $11 billion OCIO firm’s capabilities in the private equity secondary market.
Asset Allocation
CPP Investments Ramps Up Data Center Investments
The Canadian pension giant’s latest investment in server farms comes through a nearly $1 billion strategic partnership in India.
Newsmakers
Apollo Investor Relations MD Moves to AEA Investors
Adam Biren will lead the firm’s capital formation efforts and limited partner relationships.
Asset Allocation
Blue Owl Acquires Stake in Cleveland Cavaliers
The minority equity investment in the basketball team is the asset manager’s sixth such agreement.
Research
How LPs Use AI: What Works—and What Doesn’t
The technology is useful in operational tasks, but allocators are hard-pressed to find artificial intelligence tools useful for precision tasks, according to the Emerging Allocators Association.
News
MetLife Investment Management Names Real Estate Equity Strategies Head
Chris Aiken, formerly head of acquisitions, will report to Andrea Drasites after his predecessor moved to the Oxford Properties Group.
Regulation
Consolidated Audit Trail Concept Release Elicits Strong Industry Support
SIFMA and the ASA are among the organizations urging Congress and the SEC to protect investors’ personally identifiable information.
Newsmakers
OMERS Shuffles Leadership Amidst CIO Departure
Ralph Berg’s departure for Temasek will lead to a shake-up in the retirement system’s leadership.
Risk
Investors Shift to Alts, Other Active Strategies to Calm Concentration Worries
Morningstar Wealth’s CIO for the Americas cites emerging markets and early artificial intelligence ‘losers’ as potential smart plays.
Risk
Focus on Liquidity Risk Sharpens as Slower Private Equity Distributions Persist
Over-allocations, public market concentration, and questions about the cost and sources of funding all lead to questions for investors.
Risk
Allocators Focus On Risk Management in Increasingly Complex Environment
Geopolitics, trade conflicts and persistent inflation are top of mind for investors.
Pensions
BlackRock Appointed as Fiduciary Manager for British Coal Staff Pension
The £8 billion OCIO mandate with BCSSS will cover 39,000 members.
Manager Selection
Emerging Hedge Funds Finding Their Footing Earlier
Smaller firms are adapting to an increasingly competitive environment, according to research from the Alternative Investment Management Association.
Newsmakers
Rockefeller University Names Jun Yang as CIO, Succeeding Paula Volent
The $3 billion endowment’s new investment head comes from Oberlin College.