U.S. venture fund returns remain negative, but valuations are up and two recent high-profile VC-supported IPOs did well, a PitchBook report finds.
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
Revamp taps three other executives for new roles and follows elevation of Andrea Kramer to chief operating officer in May.
Prices are down and dire forecasts abound, but asset owners plan to modestly boost their CRE exposure.
The easy answer is a rebounding economy. But that’s not the sole factor, a Northern Trust Asset Management study finds.
The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.
The commodity has been having a good month despite a recent report of low demand.
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.