CTPF Jumps In:

Investors’ Long Day’s Journey into Africa Investing Continues The approximately $11 billion Chicago Teachers’ Pension Fund (CTPF) evidently was attentive and took careful notes as part of a delegation of investors that visited South Africa in the spring of 2017, and Senegal and South Africa one year later. The upshot: At its Jan.17 board meeting, …

Asset Owner Profile: Chicago Teachers’ Burbridge Driven to Keep a Promise

Charles “Chuck” Burbridge is executive director of the approximately $11 billion Public School Teachers’ Pension and Retirement Fund of Chicago (Chicago Teachers or CTPF). Boasting a 40-year-plus professional career in economics, finance and academia (he was twice an adjunct professor), Burbridge has witnessed myriad changes in pension fund administration and investment, lending him a clear-eyed perspective acquired only by long service. It’s the kind …

Johns Hopkins Investment Officer Exits, Enrolls at Penn State

Jim Steinbugl, an investment officer who worked on private equity and other asset classes at Johns Hopkins University’s endowment, has departed the endowment to join Penn State University’s endowment, David Branigan, chief executive officer, Office of Investment Management at Penn State, confirmed.  “Yes, we hired Jim into a new position a couple of weeks ago,” …

The Future of Obligations-Based Investing, Preserving DB Benefit Plans

Panelists at Markets Group’s Sixth Annual Texas Institutional Forum, in Austin, gathered together to tackle the pros and cons of implementing obligation-based or liability-driven investment (LDI) policies at pension funds. The discussion was predicated on the idea that the typically complicated process of administering the investments of a pension plan can be simplified, somewhat, by focusing on a fund’s …

Endowment CIOs Score Seven Percent-Plus Pay Growth: Skorina

The typical endowment chief investment officer’s (CIO) pay has been growing at a compound rate of more than seven percent per year, according executive search firm Charles A. Skorina & Company. In a report published by the firm last week that updates its previous report on CIO compensation published last month (IA, 11/8), the firm says …

Texas ERS, PAAMCO Begin Building Applicant Pipeline for HF Seeding Platform

An innovative joint-venture, emerging hedge fund seeding and support platform launched by the approximately $28.5 billion Employees Retirement System of Texas (ERS) and Pacific Alternative Asset Management Company (PAAMCO) during the summer, has whittled a field of hundreds of emerging firms vying to participate in the platform down to an initial “pipeline” of 35 firms, …

Asset Owner Spotlight: Carolyn M. Weiss, CFO, The New York Community Trust

Carolyn Weiss is the chief financial officer and treasurer of The New York Community Trust (The Trust), Community Funds Inc. (CFI), and The James Foundation, a position she accepted approximately five years ago. Weiss is responsible for all financial operations of the three non-profit grant making organizations, which combined manage approximately $2.8 billion in assets. “I …

Chinese A-Shares Beckon, Says Allianz Global Investors’ US CEO

The investment environment in China is in a transformational state, a condition that is contributing to some misperceptions about the market by U.S. investors, even as they seek more assiduously now than ever to understand the opportunities there and the best ways to access them, according to Douglas Eu, managing director, and CEO of Allianz …

Kentucky’s Pension Funding Ratio Tumbles; Fund Accelerates CIO Search

The assets-to-liabilities funding ratio of the Kentucky Retirement System (KRS) in Frankfort fell to 12.9% on June 30, from 13.6% earlier, according to a report to the system’s board by the fund’s actuaries last week.  Some at the fund expect the ratio to fall further before bottoming out. The pension fund had approximately $2 billion …

Fireside Chat: Semper Capital CEO Gives Back

Earlier this month, Greg Parsons, CEO of Semper Capital Management, a New York-based asset management boutique with approximately $3.2 billion in assets under management, addressed a group of service-disabled veterans, military spouses and caregivers who were nearing the end of a five-month business and entrepreneurship fellowship program at Georgetown University, which included real-life work experience at a non-profit …