Manager Selection
NYC Comptroller Hires Diversity, Equity, Inclusion Director
Taffi Ayodele will lead office’s strategy to expand engagement and allocations to minority and women-owned firms.
News
Manager Selection
CalPERS Taps Anton Orlich as Head of Growth, Innovation Investments
The pension fund also announced the departure of Greg Ruiz, private equity managing investment director.
Asset Allocation
DoubleLine: How to Construct a ‘Better Mousetrap’ Trend-Following Portfolio
The noted bond house cobbles together all kinds of asset classes, using diversification to mitigate risk and also ride momentum.
Asset Allocation
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.
Asset Allocation
Norway’s Pension Giant Lost $215 Billion in First Three Quarters
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
Risk
So the Fed Will Finish 2022 With a Rate-Hiking Bang, Then Coast, Right?
The futures market expects raises Wednesday and next month, maybe reaching a peak.
Regulation
Proposed Legislation Aims to Improve Diversity in College Endowment Asset Management
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
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.
Newsmakers
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.
Asset Allocation
Illinois Teachers Pension Invests Nearly $1.5 Billion in Alts
Retirement system’s funded level rises 1.3% in fiscal 2022 despite investment loss.
Asset Allocation
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.
Research
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.
Corporate Moves
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
Asset Allocation
New Jersey Pension Fund Loses 7.9% in Fiscal 2022
Falling markets wipe out close to $10 billion in asset value.
Risk
How Bad Is Meta’s Influence on the Market? Bad
Compared with other FAANG members, the company previously known as Facebook is in another league. Its collateral damage, though, was painful.