Natural Resources Fundraising Sees Capital Consolidation
The 10 largest funds accounted for 66% of capital, up from 48% in 2014.
News
Morningstar: PIMCO Bounces Back
Performance-based model, new leadership strengthens position.
Asset Management Culture
Future Ford Foundation Director Weighs in on Role, Impact Investing
Roy Swan reveals how investing decisions improved NYC’s low-income housing.
Conning Acquires 45% Stake in Global Evolution
Founders to retain CEO, CIO positions.
Multi-family Office Founder, Chairman Attributes Hedge Funds to Crypto-correction
Markets beginning to stabilize following massive week-long plunge.
Regulation
Ives Seeks to Make Changes to Illinois Pension Systems in 2018
Adjustments include state constitution amendments, renegotiate pensions.
Newsmakers
JP Morgan’s Sarah Emly Passes Away
Fund manager averaged 21% returns over three-year period.
Alternatives
Morgan Stanley Estimates Hedge Funds Invested $2 Billion in Crypto-assets in 2017
Client note “Bitcoin Decoded” determines 84 crypto-hedge funds launched this year.
Cuomo Calls on Common Retirement Fund to Cease Fossil Fuel Investments
New York governor will partner with Comptroller DiNapoli to form fund advisory committee.
Corporate Moves
Bain Snaps up HMC’s Real Estate Team
Move is another step in HMC’s plan to work with more outside managers to boost returns.
NY, Mass. Investigate MetLife over Unpaid Pensions
MetLife says it is fully committed to rectifying the situation.
Canadian Pension Plan Invests in Brazilian Power
Investment manager forms joint venture with Votorantim Energia.
Despite Protests, Argentina Passes Pension Reform
Dozens injured, 60 detained in demonstrations.
UK to Relax Rules for Fossil Fuel Divestment
Local authority pension plans expected to be earliest to implement new regulations.
Manager Selection
Mercer Announces New Global Wealth Business President
Ferland, Haderer to co-lead firm’s global health business.