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 …

KRS Seeks EM, U.S. Micro-Cap and Distressed- Opportunities Managers

The Kentucky Retirement Systems (KRS), which includes the Kentucky Employees Retirement System, the County Employees Retirement System, and the State Police Retirement System, is seeking several new managers in various classes as it shakes up its investment portfolio, according to Rich Robben, who in February was named chief investment officer (CIO) of the Kentucky System, effective April …

Asset Owner Profile: Ariz. Blue Cross Blue Shield’s Black Follows the Money

Cameron Black is chief investment officer and treasurer of Blue Cross Blue Shield of Arizona in Phoenix. He is responsible for the company’s short- and long-term investment strategies and overseas its risk management. Prior to joining BCBSAZ, Black held positions in television production, was an independent investment adviser and a director in the foundation arm of a biomedical research institute. …

Cost, Capacity Driving Growth in Multifamily Offices

The past decade has seen a large increase in multifamily investment offices in the wealth management market. Keel Point Chief Economic Advisor Steven Skancke spoke recently with Institutional Allocator about this trend and one of its newer manifestations: the boundary extension by wealth management firms to incorporate multifamily offices into their wealth management services. The …

LA Water & Power Preps PE Pursuit

The approximately $15 billion Los Angeles Water & Power Employees’ Retirement Plan (WPERP) intends to commit $400 million to private equity this year and continue to deploy capital in private equity to achieve its long-term strategic allocation target, Jeremy Wolfson, chief investment officer, confirmed. WPERP has adopted a target allocation to private equity of 8% …

St Louis Sewer Sets Aon to Task on Asset/Liability Study

The Metropolitan St. Louis Sewer District (MSD), which late last year engaged Aon as its new general consultant, has set the firm to work on its first project: an asset/liability study that it expects the firm will complete by the end of March. According to Tim Snoke, MSD secretary-treasurer, prior to hiring Aon, MSD had …