Regulation
Private Equity Firm to Pay $20.5M to Settle SEC Charges of Inadequate Fee Disclosure
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
Tag: Alts
Asset Allocation
Public Pension Funds Continue to Boost Alts Allocations in Search of Higher Returns
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
Asset Allocation
Japan’s GPIF Ends Losing Streak With 5.4% Return in Fiscal Q4
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Manager Selection
New Nest CIO Elizabeth Fernando Plans Steady-as-We-Go Strategy
Move into alts, doubts about emerging markets, and criticism of Shell highlight the pension program’s direction.
Risk
How to Run Alt Investments: A Primer
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.
Regulation
New York Common Commits $1.3B to Sustainable Program
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Asset Allocation
Korean National Pension Fund Loses More Than 8% in 2022
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Asset Allocation
Endowments, Foundations Increase OCIO Use, but Underutilize Alts
A CAPTRUST survey also found that the number of nonprofits allocating to ESG investments decreased in 2022.
Pensions
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Asset Allocation
Why Apartment REITs Are Primed to Move Up
In the push for alts, the beaten-up multi-family segment is gaining popularity, says research shop Green Street.
Asset Allocation
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
Asset Allocation
Alternative Allocation Provides Asset Managers More Diversification
After the 60/40 portfolio failed to generate its usual stability in 2022, asset management firms suggest higher alternative asset allocations to achieve greater diversification.
Research
Asset Owners and Consultants Say They Gotta Change Strategies, Pronto
Inflation and climate change spook them, so they’re scrambling to find smarter ways to adjust, a Nuveen survey finds
Asset Allocation
Real Estate Remains a Haven Asset Class Amidst Market Volatility
Asset class offers an inflation hedge and tends to remain stable or increase in value over the long run, according to experts.