IA Strategy: NMSIC Formulates Pre-Recession Strategy: More Cash, Less Public Equities

Robert “Vince” Smith, chief investment officer (CIO), of the $24 billion New Mexico State Investment Council (NMSIC), a permanent endowment for the state of New Mexico and the third largest domestic sovereign wealth fund in the U.S., is all about planning ahead. In a roundtable discussion at MarketsGroup’s Southwest Forum in New Mexico, in September, Smith said …

Asset Owner Spotlight: Elizabeth Burton, CIO, Hawaii Employees’ Retirement System

Elizabeth Burton was hired as chief investment officer by the $16.8 billion Employees’ Retirement System of the State of Hawaii (ERS) at the end of July 2018, and reported for her first day of work on October 1. Her first interview with the fund was in late spring, several months after former CIO Vijoy Chatterjy …

Notre Dame’s CIO Best Paid Among College E&Fs: Skorina

University of Notre Dame endowment’s (AUM $9.4 billion) Chief Investment Officer (CIO) Scott Malpass, Yale University endowment’s ($27.2 billion) CIO David Swensen, and Columbia University endowment’s ($10 billion) CIO Peter Holland took home the most income among endowment CIOs in 2015 (the most recent period for which this data is available), at $4.3 million, $3.9 million, …

EY Survey: Institutions’ Renewed Interest in Alts Creating AI Conundrum for Managers

Increased institutional interest in the alternatives asset class is creating more pressure than ever on asset managers to provide increasingly sophisticated and nuanced data gathering services at lower fees, according to the just published 2018 Global Fund Alterative Survey from Ernst & Young. “Institutions are engaging with alternatives asset managers in new ways—these can include …