Asset Owner Profile: David Holmgren, CIO of Hartford Healthcare

David Holmgren, CIO of Hartford HealthCare, a hospital fund with $3.3 billion in assets under management, paid a visit to Markets Group’s New York City headquarters just prior to the Thanksgiving break and chatted with Institutional Allocator Reporter Kaitlyn Mitchell. Holmgren opined on the passive versus active debate, international politics and his work-life-balance as a …

IA Strategy: Hartford HealthCare Stays Conservative, with Sprinkling of Alts

Conservative investments paired with choice alternatives have sustained not-for profit Hartford HealthCare’s $3.3 billion hospital fund through market swings over the past eight years, according to Chief Investment Officer David Holmgren. The endowment currently invests around 10% of its portfolio in private equity (PE), while its direct peers invest roughly 30% in the asset class, Holmgren told Institutional Allocator. “We …

MOSERS Seeks Consultant for Illiquid Alternatives

The $8.5 billion Missouri State Employees’ Retirement System (MOSERS) has issued a request for proposals seeking a specialty consultant for illiquid alternatives. The system’s current allocation to illiquid alternatives is approximately 25% of assets, or about $2 billion, according to MOSERS’ CIO Seth Kelly. MOSERS hired a Board Investment Consultant, Verus, to fill the general …

Investment Pros Discuss the Difficulties of Allocating to Private Credit

Panelists at Markets Group’s Sixth Annual Texas Institutional Forum in Austin, Texas, last week, delved deep into the topic of private debt as an asset class. They weighed in on the difficulties in benchmarking for the asset class, allocating to the asset class and everything in between. Moderator Sylvia Owens, a senior portfolio advisor at Aksia, …

Pension, E&F Investment Pros Cautiously Optimistic on Hedge Funds

Though just five percent (or 400) of 8,000 hedge funds (HFs) are even considered investable, according to Joe Marenda, a managing director and hedge fund specialist at Cambridge Associates, “the beauty [of hedge funds] is really in the eye of the beholder—based on portfolio need,” he said. Though institutional investors are currently holding their allocations …

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 …

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 …

Cybersecurity is a Bigger ESG Concern for Institutions than Climate Change, Terrorism

“Cybersecurity risk is now a board-level concern, and how companies both prepare and react – or don’t – can have long-term implications on share value,” Jennifer Peet, corporate governance director for the Office of Oregon Treasurer and the Oregon Public Employees’ Retirement Fund told IA’s Kaitlyn Mitchell. “Cybersecurity has been a growing concern for several …

Report: Worldwide Institutional RE Allocations Up

Global institutions’ target allocations to real estate are climbing, especially in Europe, the Middle East and Africa (EMEA) and the Asia Pacific (APAC), according to a report published last week by consultancy Hodes Weill & Associates and Cornell University. Yet, despite a rise in institutional confidence in the real estate sector for the first time …

Minnesota Children’s Hospitals’ CIO Slocum Driven By ‘Great Mission’

Institutional Allocator Reporter Kaitlyn Mitchell sat down with Susan Slocum, treasurer and chief investment officer (CIO) of Children’s Hospitals and Clinics of Minnesota (Children’s), a foundation with $750 million in assets under management (AUM), while attending Markets Group’s 5thAnnual Great Plains Forum in Minnesota on September 12. Slocum ascended from treasurer to treasurer and investment officer …