Prudent PE Investors Itching to Jump on Better Pricing

The news that private equity investment in the U.S. fell by almost 50% to $41 billion in the second quarter, compared to investments totaling $80 billion in Q2 2017, may have startled some market observers, who had watched the segment hit record heights in 2017. But keen observers remain unfazed, confident that investors will soon be …

Use of Disparate Benchmarks by Public Pensions Muddies Fee Comparisons

There is little uniformity in the use of benchmarks for different asset classes among public pension plans, according to a new report from the Center for State and Local Government Excellence (SLGE) and the Boston College Center for Retirement Research (CRR). Given that pension plans pay their asset managers based on the expectation that they will beat …

Seth Magaziner, General Treasurer of R.I., Poster Child for Pension Plan Transparency

This week, IA reporter Kaitlyn Mitchell had an in-depth conversation with Seth Magaziner, the General Treasurer of Rhode Island. A young man at age 35, Magaziner, who is responsible for the administration of $8.3 billion in assets at the Employees’ Retirement System of Rhode Island (ERSRI), is running for re-election this fall, after making improvements to the …

Investors are Missing Out on EM Infrastructure

There are many reasons North American investors are taking a pass on buying emerging market infrastructure: compliance, due diligence, unfamiliarity with those markets, to name three. But is their caution warranted, or are attractive opportunities being missed?  Kamal Suppal, chief investment auditor at Emerging Markets Alternatives, an investment auditor, and former senior research consultant at …

Three Institutional Investors Share Their Real-Assets Strategies

A majority of 224 institutional clients (58%) surveyed by asset management behemoth BlackRock earlier in the year, for its 2018 Global Real Assets Outlook, said they intend to increase their real-assets allocations this year, following a record fundraising year for the class in 2017. Also, closed-end private real estate funds and unlisted infrastructure funds collectively raised …

Epoch’s New COO Values Left and Right Brain in Seeking Alpha

Philipp Hensler, who last week joined New York City–based equity manager Epoch Investment Partners, as president and chief operating officer, has alpha on his mind—on the left and right side of his brain, to be clinical. Hensler was previously president and CEO of Vontobel Asset Management. Delivering a presentation based on doctoral research he conducted …

Struggling, Small R.I. Funds Pursue Strategies to Improve Funding Status

While a number of New England pension funds, which aggregate some $2.5 billion in assets under management across 20 open and 14 closed plans, remain critically underfunded, one fund has turned around its misfortune using conservative investment strategies. Others, such as the 24.2%-funded Central Falls, Rhode Island police and fire pensions, are still in rough …