INSTITUTIONAL NEWS

April 26th, 2022

CalSTRS Looking to Add Sustainable Portfolio Manager

CalSTRS is searching for a raft of investment personnel, including a portfolio manager for its sustainable investment and stewardship program, two direct private equity investment personnel, a private equity investment officer as well as a risk mitigation investment officer and real estate investment officer, according to the West Coast plan sponsor. 


June 11th, 2019

NJ HF Cut Just Latest Action in Industry’s Value-For-Fees Pursuit

The New Jersey Division of Investment’s decision at the close of May to halve the state’s pension funds' hedge fund allocation to 3% from 6% to save on asset management fees raised nary an eyebrow, viewed by the industry as just business as usual—just another fund in a long and growing list of institutional asset owners moving to reduce asset management costs. Since the financial crisis, cost management, in general, and investment costs in particular, have climbed in importance as a fiduciary imperative at institutional funds.