News
Private Equity Funds Raise Nearly $600 Billion in 2019
Real estate fundraising tops $150 billion while private debt activity slows.
News
Research
Pension Plans Will Boost Hedge Fund Investments in 2020, Study Says
Dismay over low-yielding fixed income will cause shift, industry research group Agecroft Partners predicts.
Asset Management Culture
New York Appoints Its First-Ever ESG Director
Andrew Siwo will help advance the massive portfolio’s green agenda.
Asset Allocation
Institutional Investors Call for Barclays to End Fossil Fuel Financing
Managers of more than $170 billion say bank lags behind peers in climate action.
Regulation
Arizona’s State Pension Contends With ‘Very Troubling’ Accounting Errors
Audit reveals a lack of internal controls may have misappropriated funds within the retirement system.
Asset Allocation
CalSTRS Rejects Fossil Fuel Divestment
A report details CalSTRS policy of engaging fossil fuel companies rather than dumping their stock, which it sees as a last resort and potentially harmful to the portfolio.
Risk
Good Job Growth Shows Bosses’ Trade War Fear Has Ebbed, Economist Says
Pantheon’s Shepherdson finds that need for hiring amid solid economic growth calmed worries.
Pensions
Despite Robust Returns, Funding Level for Top 100 US Corporate Plans Drops in 2019
Record-low rates negate plans’ 15.66% investment return for the year.
Pensions
Musicians’ Pension Fund Applies for Benefits Cut
Proposed reductions would affect nearly half of plan’s 51,000 participants.
Regulation
Investment Advisors, Fintech Innovations Top SEC’s Priorities for 2020
Commission will also pay close attention to market infrastructure, seniors saving for retirement, and information securities.
Asset Allocation
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Corporate Moves
OMERS Selects Infrastructure Veteran as New Chief Pension Officer
Annesley Wallace will replace Blake Hutcheson, who recently was named CEO of the organization.
Ackman, Buying a Stake in Idol Buffett’s Firm, Finally Turns a 2019 Profit
Hedge fund chief has touted his recent Berkshire purchase as an element of his comeback, although that’s unlikely.
Asset Allocation
Money from Fired CalPERS Equity Managers May End Up in Direct Lending
CalPERS has never invested in direct lending, but CIO Ben Meng sees the strategy as a way to diversity the portfolio away from reliance on equities.
Asset Allocation
Why Wall Street’s Ho-Hum Reaction to Iran? Déjà Vu
Stocks haven’t suffered much or taken long to recover in past conflicts.