She resigned her position as deputy executive director July 1.
Interim
CIO says pension plan will seek to have Florida legislature lift cap.
VRS earmarks $875 million towards credit fund, real assets
Audit
finds SWIB managed less assets in-house in 2021 than in 2017.
Private markets giant invests in digital private
market exchange, adds head of digital assets.
State
Investment Council votes unanimously on fund commitments, drops Franklin
Resources
Moseley
joins Wafra Inc. to launch co-investment initiative.
Not-for-profit
OCIO has nearly $8 billion in assets under management.
Earlier this year, the Public Investment Corporation
signed a new unlisted assets mandate with its biggest client.
The executive director of Fonds de Réserve pour les Retraites discusses macroeconomics, megatrends, and ESG
Some investors, including Temasek and PIMCO, are
seeing value in U.S. Treasuries.
Search
begins for new leader for PE-focused LP group; Choi to serve as interim head.
Martin Ruiz used client money to purchase a $245,000 home, pay $3 million he owed on credit.
Manilla to be replaced by Deputy CIO Barker.
System hopes to enable participants to choose from DB
offerings, including private equity and real estate.
Plans see, project big savings from bringing investment functions in-house.
The price of bitcoin has fallen by around two-thirds
since November 12.
Hollenbeck’s
duties will be assumed by Steven A. Soloria.
Cooperation agreement aims to spur investment networks in Africa, includes 12 SWFs.
The strategy launches with US$1.25B in assets, with a
$500M anchor commitment from Hostplus.
Above
target, plan makes no new commitments in May, but does back private credit and
real assets funds.
Ritholtz Wealth Management sub-advised a ‘minority’ investment in compliance management system.
The 73 members of the Net-Zero Asset Owner Alliance
have $10.6 trillion in assets under management among them.
Consolidation is already sweeping through the
industry, with at least nine mergers either in progress or under serious
consideration.
Firm
taps more than 100 institutional investors to blow past hard cap.
Bills
would have forced pension funds to sell off some $13B of assets.
Person tapped would replace
Andrew Junkin and take over plan that is set with PE in 2022.
ASIC has published a set of guidelines for
superannuation funds.
GIC, APG peg The Student Hotel value at $2.1B
Future Fund says it is using Sue Brake’s departure as an
opportunity to restructure its investment team.
Family Office Advisor Paul Simon discusses personally investing in pharmaceutical psychedelics to combat mental health issues.
New York-based alternative asset manager Weiss
Multi-Strategy Advisers thinks concerns about regulatory risks are overblown.
Budde had been with firm since 2005; also worked at
ABRY Partners.
Long-term
policy allocations could increase 10-year returns from 5.9% to 6.3%.
Sonali Dalal is leaving PSU
for the University of St. Thomas.
System also commits over $5 billion of capital to
managers.
He spent 14 years at the endowment after leading
private markets at Teacher Retirement System of Texas.
Power Sustainable two-thirds of the way toward closing the North
American-focused fund.
Mayor of Palm Springs, Calif., appointee to the CalPERS Board of Administration and the first transgender person elected to political office in California, on what companies can do to protect LGBT employees.
Increase is reportedly the largest single rate hike in
a single meeting since 1994.
Growth and late-stage VC expected to take worse
hit – an event that may slow fundraising rush.
The $60B Marnier made Corbenic its fourth acquisition of 2022.
Acquisition is the latest in a string of deals along
the hot SoCal coastal market.
Market could be worth $1T by 2050, according to some
projections.
State
begins nationwide search for a replacement; Conroy named interim CIO.
Merger would create fund with $49B under management.
Staffan Hansén will join the fund on or before December 1.
CalPERS’
Musicco & UTIMCO’s Hall start new roles in downturn.
Kirk Sims joined the $180 billion Teacher Retirement System of Texas (Texas TRS) in 2019 to direct its emerging manager program, and has coached a 5-year annualized return of 11.1%. Here's how he does it.
She will take over building
an investment business for the $900 million University of St. Thomas.
Jim Mocci exited $200
billion Fishers Investments for rising RIA EP Wealth Advisors.
Survey
finds majority expect allocations to increase by between 5% and 10%.
SERS had been set to commit $125 million to Sentinel
Capital Partners.
Veteran CIO describes balance needed to work at a
public pension plan.
Sovereign
wealth fund moves quickly to replace former head Petter Johnsen.
Pension
plan sells Calgary producer to PE Firm.
Other
institutions using different approaches or holding off, given drop in bonds.
Canadian pension plan
sees asset under management grow significantly.
Charles
Nielsen takes charge of the $34.8 billion fund after Robert Clark’s departure.
Dustin Johnson, the former world No. 1, and South
Africa's Louis Oosthuizen are among those who have quit the PGA tour in favor
of the fund’s breakaway series.
Pension fund also approves
commitments to three other funds.
University weighing to invest in 18 managers
discovered during process.
Limited partner concerns reported by Coller
Capital include reputation and new sources of capital.
With an initial war chest of $3.6B, Temasek’s new
GenZero subsidiary aims to accelerate decarbonization.
Canadian pension fund invests in ports, industrial
real estate in UAE.
Star of the South is Cbus’ first direct investment in
offshore wind in Australia.
The RIA and private bank
landed people from B of A, BB&T, Fifth Third and M&T Bank.
System
backs Sentinel Capital Partners despite board concerns.
Vinzons
joins from Cook County Pension Fund.
New plan would streamline process and enable
more capital to be deployed.
Pension
fund sees benefits of investing in Sequoia Capital’s new funds outweigh risks.
After a drop in 2021, capital raised but not committed
increases.
Investors
adjust outlook for Asia property sector despite declining mortgage rates
Cadillac Fairview, Boreal team to assemble €3 billion
logistics portfolio.
However, the world’s largest asset manager still favors
developed market equities and inflation-linked bonds on a long time horizon.
Amber McLeod has exited
Crypto asset to RIA business Onramp Invest.
The Public Investment Corporation says its operations
head has been suspended pending the outcome of an independent inquiry.
The fund has already made sizable investments in telecommunications,
renewable energy and other sectors.
New
York-headquartered Kudu has raised $800 million after opening in 2018
He oversaw Rice University’s Endowment for many years.
Canadian pension plan combines two units to back
companies poised for ‘transformational growth.’
Acrisure will use the capital to continue acquisition
momentum.
Alts manager Blackstone appoints Mark Glengarry as Head of
Asia-Pacific Origination at its credit unit, BXC.
PERS Sees Value of Stocks Decline by Nearly $3 Billion
Between March and April.
Private equity firm will use $25 billion fund
to invest in an array of sectors and geographies.
The IMF does not expect a global recession to materialize, although the risks are increasing.
The $35 billion investment advisor also named Kelly Margeni president.
Kristen Oliveri, Head of Private Wealth Content with
Markets Group, sits down with Tommy Mayes, Managing Director, Executive
Advisor, SunGate Capital, a single-family private equity and investment office,
to discuss everything from the direct deal landscape to family governance and
family office regulation.
AUM grew 12% in 2021, the sovereign wealth fund says.
Janus Henderson: BHP is set to be the world’s
largest dividend payer for the second year in a row.
Asset holdings have been boosted by investment gains and above-average client contributions.
Combination creates $27B multi-family office.
Venture firm sees Web3 entering
‘golden era.’
Canadian pension fund poised
to invest in healthcare, vegetable deals.
Climate change could cost the global economy $178 trillion over the next 50 years if left unchecked.
Tennessee retirement system deploys $250M to
Blackstone, EQT Exeter RE funds, agrees to exit Denver multi-family.
State
investment commission also approves new fund commitments as CIO prepares to
leave.
The
$35 billion multi-family office bought Advisor Partners for an undisclosed
amount.
Deal
may pave the way for other PE firms to buy teams.
Junkin
will leave Rhode Island and replace Schmitz.
Chicago
native Gino DeRango will develop and lead client acquisition.
Pension fund
urged to expand peer group and tie compensation to performance.
While the strengthening of the dollar has translated to
positive returns for some investors, the longevity of the currency’s rally is uncertain.
The Connecticut startup awarded CFA Cameron Dawson its inaugural C-suite position.
Given the unavoidable impact real estate has on our lives in order to satisfy need for space for various human endeavors, we are all in real estate--but few understand what it takes.
UniSuper is looking to broaden its reach, while ACS says its members will benefit from greater scale if the merger goes ahead.
Apollo will own a minority stake in life science VC firm.
It’s the third mandate since 2015.
Private equity fund of funds is the first for MIM.
A quarter of the division’s positions are open, but aggressive hiring push is on.
Elizabeth Burton’s future plans are not known.
He has been serving as
TPG Founding Partner Jim Coulter is pleased with fundraising and deal success.
As
the denominator effect hits more institutions than usual, it may crimp investors
and make it more difficult for GPs to raise funds.
Its
first investment is all about monitoring carbon.
Fund will make direct investments across PE, private credit, infrastructure and real estate.
Survey shows ESG and diversity and inclusion on the
investment team given less importance.
The pension fund is seeking to
select a firm by early June.
Iryna
Northrip and Dimple Shah tapped to lead $475B Advisor Group.
Doñé to oversee Platinum's strategic planning and investor capital development.
The $30 billion Los Angeles Fire and Police Pensions is looking for his replacement.
After a brief garden leave, Ash Williams, former CIO of the Florida SBA, is back in the industry. Why he chose JPMAM, and what he’s watching.
State's Russian investments at 'write-off' point.
Pension fund will look to find new managers.
CEO Marc Rowan
explained the new business model during Milken Institute Global Conference.
Board Approves List of Qualified Candidates
Acrew's Gouw makes notable donation.
Suzanne van Staveren will take over as CFO for the $290 billion independent investment
advisor and financial planner.
Blackstone
buying spree continues after PS Business Parks acquisition.
Pension fund eyes sale of fund-of-funds stakes.
Plan could allocate more than $300M to asset class in 2022.
New target will help plan move toward endowment model.
Charles H. Hood Foundation at the forefront of pediatric
research innovation with help of great-grandson.
Rip Reeves is planning to become a teacher with LSU; a
search for his predecessor is ongoing.
Pension is also searching for new personnel in sustainable investment and stewardship, direct private equity, private equity, risk mitigation and real estate.
Decarbonization Partners joins startup's $125M round.
Battery Ventures, New Mountain, Threshold and ArchiMed are among those backed.
CalSTRS, Florida SBA and Orlando Police pension fund among other pension funds with stakes in social network.
Prior CIO held the post for 10 years.
Plan would move slightly away from some international equities.
Fund seeks to deploy 3% of assets into each sector.
KKR, AEW pen Singapore office sale in Tanjong Pagar.
Alternatives giant finds success in raising capital from array of investors.
Oil fund sees negative returns across equity, fixed-income holdings.
Unit gets a new name and target.
VC and real estate targeted for hikes.
Dinneen was previously CIO at Hamilton College, where she oversaw $1.5B endowment.
Hire could mark a strategy change for university.
Change marks the second increase to sector in two years.
Pension fund's longstanding policy is paying off.
The position will be responsible for all aspects of the governance program for the investment division and the system.
System names Florida SBA Deputy CIO Alison Romano to CIO and CEO positions.
Makes move despite past criticisms of fees paid to managers.
Funding round should hold Tarana until offering.
PERF has allocated 27% of its fund to private equity and 25.2% to public equities.
Penson's hedge fund allocation moves to 3% from 6% to save on asset management fees.
Copyright © 2022 Markets Group | Terms & Conditions