For PE & VC Fundraising, US Up and Europe Down
Research from Dow Jones shows that in the US, private equity and venture capital fundraising has rebounded.
News
Endowment CIO: Lengthy Asset Allocation Process a Non-Issue
The head of the $920 million University of Kentucky Endowment Fund notes that the months-long process of implementing asset allocation changes is not a major issue for the fund, due to its long-term time horizons.
Tainted by Deep Financial Woes, Illinois Pension Boosts Alts in Allocation Review
With the Illinois Teachers’ Retirement System facing severe shortfalls, the system has approved a new asset mix that raises its allocation to alternative investments.
Survey: Consultants Foresee Heightened Focus on Alts, Emerging Markets, LDI Strategies
A recent survey has demonstrated that investment consultants serving North American institutional investors expect a focus on areas such as alternatives, emerging markets, and strategies that provide a hedge against inflation to dominate 2011 search activity.
Norway's Finance Ministry Urges SWF to Lower Exposure to Europe
In an annual report on the management of Norway's Government Pension Fund Global, the government expressed plans to reduce exposure to European markets while increasing stakes in emerging markets.
SD Pension Recoups Investment Losses, Continues 'Focus on the Long-Term'
The $7.8 billion South Dakota Retirement System has recovered the entirety of its investment losses following the financial crisis, with the system's assets growing more than 23% since the state budget year began July 1.
Study: Canadian Funds Accelerate Move to DC
A new survey of more than 150 Canadian pension plan sponsors from global professional services firm Towers Watson indicated that the majority of executives believe that the defined benefit funding crisis will persist for the long-term.
PIMCO to Release $600 Million REIT IPO
Pacific Investment Management Co. is forming a new real estate finance company that intends to acquire residential and commercial real estate-related debt.
Survey Shows Demand for Asian Private Equity Funds Leads to Higher Fees
While the average fee for Asian private equity funds with more than $1 billion in assets under management has remained at 2%, their global counterparts have reduced their fees, an annual survey conducted by private equity investment firm Squadron Capital shows.
CalPERS, CalSTRS Unleash Database to Aid in Corporate Board Searches
CalPERS and CalSTRS are establishing a new database of potential independent directors, offering companies a facility to recruit individuals for a director’s seat.
Madoff Feeder Fund Sues ADIA
A feeder fund that invested in the Ponzi scheme of Bernard Madoff has sued the Abu Dhabi Investment Authority to try to recover $300 million in redemption payments, Bloomberg is reporting.
Kentucky Endowment Boosts Hedge Fund Investments
The University of Kentucky Endowment Fund is set to double its hedge fund allocation to 20%.
With ESG Interest Growing, FTSE Launches Benchmark
As institutional investors around the world increasingly adopt responsible investment practices, FTSE has rolled out an index service -- FTSE4Good ESG Ratings -- to measure the environmental, social and governance (ESG) strategies of public companies worldwide.
Preqin Study: European Public Pensions Embrace Cleantech Unlisted Infrastructure
Europe is at the forefront of cleantech investment in the unlisted infrastructure market, research carried out for the 2011 Preqin Private Equity Cleantech Review shows.
Ontario Teachers' Petroff: 'Active Management Outperforms'
The Ontario Teachers’ Pension Plan (Teachers') has announced a 14.3% rate of return and net assets standing at $107.5 billion, with the cumulative value-added of active management at C$23.2 billion.