Newsmakers
Exclusive: Texas Treasury Safekeeping Trust Co. CIO Retiring
Paul Ballard approached investing with an eye for uncorrelated sources of return, ran the $80 billion sovereign wealth fund since 2003.
News
Market Moves
What’s the Fed’s Next Step on Rates?
Futures markets predict it will reduce another quarter-point this year, and that’s it.
Risk
University of California Endowment, Pension to Divest All Fossil Fuels
CIO and investments chairman say faculty, student protests did not push the decision.
Congress Investigates Whether PE Firms Are Behind Surprise Medical Bills
House committee asserts unexpected medical bills after emergency care visits could be perpetuated through private equity giants who own the health care facilities.
UK Pensioners Commit to Determine Investments’ Impact on Climate Before Executing Deals
High-profile signatories across the UK pledge to find effective means to decarbonize their investment pipelines and portfolios.
Market Moves
Steve Schwarzman Knocks Beijing, as Business Chiefs Grow Leery on Trade Tiff
The Blackstone head, on old China hand, argues that the challenge to Chinese conduct is justified.
Newsmakers
Japan GPIF’s ESG Portfolio Outperforms Market
Fund reports that four out of five ESG investments outperformed their benchmarks.
Newsmakers
Ex-Berkshire Pension Fund Chief Dies
Nick Greenwood introduced alternatives, longevity hedging to the local government pension fund.
Congressional Budget Office Finds Multiemployer Pension Rescue Bill is Not Enough
Legislation designed and intended to cure insolvency troubles for several different multiemployer pension plans is under scrutiny
Research
Swiss Investors Are Ditching Traditional Investments, Moving to Alts
Study concludes that portfolio managers are cutting costs due in part to low interest rates.
Alternatives
Dutch Pension Funds Look to Transform How Real Estate Investors Decarbonize
New initiative backed by APG and PGGM looking for pathways to help real estate investors go green.
Automatic Enrollment Can Lead to More Fees
Report finds auto-enrollment means multiple pensions, which leads to more fees.
CalPERS Commits More than $3 Billion to Real Estate
Among the commitments was $30 million to real estate firm CIM to develop an office building in downtown Sacramento. CalPERS announced last week that it had terminated its relationship with CIM in the failed project.
Hedge Funds Are Leveraging Alternative Data In An Effort To Transform The Industry
A study conducted by Lowenstein Sandler confirms the use of alternative data is on the rise by hedge funds.
Risk
University of California Endowment Returns 8.24% in Fiscal 2019
Private equity returns of 27.4% help raise asset value to $126.1 billion.