An Interview With Segal Marco’s Tim Barron

Managing Editor Leslie Kramer sat down with Segal Marco Advisors CIO Tim Barron at Markets Group’s recent Tri-State Institutional Forum in New York to discuss how changing demographics (retiring Baby Boomers) may impact retirement savings management; how to assess if an incoming asset management team is as good as a retiring, senior team; and will …

Institutional CIOs Opine on Governance, Asset Allocation at Tri-State Forum

At Markets Group’s 7th Annual Tri-State Institutional Forum, which took place on March 27th, Antonio Rodriguez, director of investment strategy at the New York City Board of Education Retirement System, moderated a panel entitled: Conversation with the Region’s Leading Chief Investment Officers. Rodriguez led the discussion with a trio of panelists that included: Anthony O’Toole, …

Colorado Finalizing Latest Five-Year Plan; A/L Study Due in June

The approximately $49.5 billion Colorado Public Employees Retirement Association (PERA) is entering the final stages of an asset-liability (A/L) study that it expects to be completed by June. The study is being administered simultaneously with the implementation of a five-year “strategic” plan that is intended to be a blueprint for PERA to achieve certain aspirational …

Asset Owner Profile: Montana’s Cullen Casts Himself as Lifelong Learner

Joe Cullen is the chief investment officer for the Montana Board of Investments (MBOI). Having held various roles with many types of financial institutions across a 25-year-plus career, has provided him with broad perspective on finance and investment and industry trends, as well as opportunities to learn from some “great people.” He says his career …

What Would Freud Say? Texas Muni Puts Managers to the (Psyche) Test

Chris Schelling, director, private equity, at Texas Municipal Retirement System (TMRS), has long had an interest in in psychology. He majored in psychology at the University of Illinois at Urbana-Champaign before going on to receive his MBA from the University of Illinois at Chicago and an MS in financial markets from the Illinois Institute of …

NJ Names Investment Director; Considers Cutting Fossil-Fuel Holdings from Portfolio

The New Jersey State Treasurer last week named Corey Amon as the permanent director of the New Jersey Division of Investment (DOI), the state agency responsible for the management of New Jersey’s $76 billion-plus public pension system. Separately, the Division confirmed at its monthly meeting, last Wednesday, that a study of the asset allocation of …

Investment Strategy: Kentucky System Looks to Take Advantage of Coming Distressed Cycle

The investment team at the Kentucky Retirement Systems (KRS),which includes the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System, is preparing for what they believe is a coming recession, by looking for opportunities to invest in distressed assets. It is also lightening its public equities exposure, moving more fixed income and stocks into …

USF Endowment Rebalances Portfolio, Increases Equities Target

The University of San Francisco endowment has increased its domestic equities portfolio target from 23% to 33% of its overall portfolio, and its international public equities target from 15% to 20%, to be more in-line with its current, actual allocations, according to Stacy Lewis, associate vice president, finance and treasury, at the $400 million endowment. …

Consultants Give Nod to Planned SEC Market-Competitiveness Review

Growing concerns about the potentially negative effects of fund manager consolidation, including downward fee pressure and rising technology costs on smaller- and medium-sized fund providers has gotten the Securities and Exchange Commission’s attention; The SEC’s Division of Investment Management now plans a review of the impact of this trend this year that will include an …

Across the Board on ESG

With this edition of Institutional Allocator, we bring you this new feature we’ve dubbed Across the Board. In it, IA asks its advisory board members–who collectively represent broad investment industry expertise–to share thoughtful observations on selected industry themes and topics. To Inaugurate the feature, IA recently asked board members to comment on a few basic …