The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
Tag: Private Markets
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Private equity, hedge funds and high-yield bonds are promising investments for the future, Northern Trust Asset Management advises.
Venture capital and private equity boosted their valuations mightily in the past 20 years.
Private market returns have come down off the highs, but institutional investors are keeping the faith.
Some 86% now invest in alternatives, says Nuveen survey.
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.