Adapt or Die? Investment Biz Braces for Tech Effect

Most investment industry workers expect their job functions to change over the next five to 10 years as a result of technological disruption–with nearly half expecting that change to span from significantly different to job eliminating–according to the findings of a new report released by CFA Institute, titled the Investment Professional of the Future. The report explores how investment industry …

Public Pension Plans Lower Assumed Returns with Minimal Rise in Costs

Public pension plans have lowered their investment return assumptions, which generally raises costs, by requiring larger contributions to fund promised benefits. However, the decline in assumed returns is due to lower than expected inflation, which should have no effect on costs (employee contributions) in an inflation-indexed system, according to a recently released report titled: How …

Royal Palm’s Kodsi: Miami is Key City for RE Investors

If there is one thing that Daniel Kodsi, CEO of Royal Palm Companies, a diversified real estate development company, knows, it’s Miami real estate. That’s because he has spent the last 30 years in Florida, raising money for real estate funds and developing real estate projects. Kodsi is bullish on the Miami region in particular and …

J.P. Morgan Shakes up AM Investment Committee

Paul Quinsee, global head of equities, and Bob Michele, global head of fixed income, currency and commodities (GFICC) at J.P. Morgan Asset Management, will expand their current roles to include co-head responsibilities of the Asset Management Investment Committee (AMIC), which reviews new and existing global product offerings at the firm, according to Mary Callahan Erdoes, …

Washington Trust’s Cloutier Banking on Deep-Dive Research to Drive PW Biz

Richard Cloutier, Jr., chief investment strategist in the wealth management division of Washington Trust Bank, is an advocate of deep-dive research as a way to help the bank’s portfolio managers better serve clients and mitigate risk. “We are strong advocates of research and continually engage in research to ensure that our strategies provide the best risk-adjusted …

In the Future, Tech will Separate AM Winners from Losers: Willis Towers Watson

The adoption of new technology by asset managers will set them apart as they look to remain competitive and grow in the coming years, according to a research paper released this month by Willis Tower Watson’s Thinking Ahead Institute (TAI), entitled “The asset manager of tomorrow.” The report also predicts that the roles played by …

Asset Owner Profile: OHSERS’ CIO Majeed Seeks Right Perspective in Topsy-Turvy World

Farouki Majeed, chief investment officer of the School Employees Retirement System of Ohio (OHSERS), has been heading the investment team there for close to seven years. His route to that role has been a long one, including stints in Sri Lanka, Abu Dhabi, Minneapolis and Sacramento. In an interview with Institutional Allocator, Majeed shared his …

Bruebaker Will Be “Present” in His Retirement

Gary Bruebaker, chief investment officer of the $135 billion Washington State Investment Board (WSIB), will retire on December 20, 2019, after 18 years on the job. Institutional Allocator took the opportunity to speak with Bruebaker about his reasons for retiring and to ascertain the pension fund’s plans for replacing him. The WSIB’s goal is to …

CIOs Mix It Up on Myriad Questions, Concerns

What are the interesting trends in 2019? What does the future of private equity investment hold? Where are returns to be found at the close of a bull market?  And where does the search begin for strategies that can provide solid returns while delivering protection across asset classes?  These were just some of the questions …

Almost All Investors to Boost “Impact” Allocation Over Next Three Years: KBIGI Survey

A whopping 94% of responders to a new survey released by Dublin-based KBI Global Investors (KBIGI) say they are looking to increase their allocation to impact over the next one to three years. The survey found that 78% of respondents are currently investing in the impact investment space, with 21% investing through public equity, 21% …