Asset Managers, High Net Worth, Private Wealth

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 …

Alternatives, Defined Benefit, Institutional Investors, Pension Funds, Private Equity

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% …

Asset Allocation, Consultants, Defined Benefit, Pension Funds, Public Funds

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 …

Alternatives, Asset Allocation, Asset Managers, ESG/SRI, Institutional Investors, Pension Funds, Private Equity, Public Funds

Renewables Dominate Infra Sector as ESG Resonates with Investors

Renewable energy deals heated up the infrastructure sector last year, as investors sought to put an Environmental, Social Governance (ESG) focus on more of their investment portfolios. The trend should continue this year, according to Patrick Adefuye, head of real assets at research firm Preqin. Europe has been leading the charge in renewable deal offerings, but …

Asset Allocation, Corporate Funds, Defined Benefit, Endowments/Foundations, ESG/SRI, Governance, Institutional Investors, Insurance Companies, Pension Funds, Public Funds

Aussie Coal Mine Court Ruling Illuminates Reg. Risk in ESG Investing

The decision by an Australian court earlier this month to prohibit the opening of a coal mine because the mine would contribute to greenhouse gas (GHG) emissions and set back the fight against climate change is being characterized by some socially responsible investing specialists as a judicial first in the environmental, social and governance (ESG) …

Consultants, Corporate Funds, Defined Benefit, ESG/SRI, Governance, Institutional Investors, Pension Funds, Public Funds

S&P to Spotlight ESG Risk in Corporate Debt

SS&P Global Ratings will add a new emphasis on environmental, social and governance (ESG) evaluations of corporations within its issuer credit rating reports. “What we are doing is making it easier for a reader [of our reports] to find any credit-related ESG factors that are driving the credit rating,” said Nicole Martin, senior director, sustainable …

Alternatives, Asset Allocation, Defined Benefit, Institutional Investors, Pension Funds, Private Equity, Public Funds

CTPF Jumps Into Africa

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 Allocation, Defined Benefit, Governance, Institutional Investors, Pension Funds, Public Funds, Uncategorized

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 …

Consultants, Defined Benefit, Governance, Institutional Investors, Pension Funds

San Diego Targets Full Funding; Joins Other Cal. Funds in Boosting PayDowns

With a goal of hitting a 100% funding, the San Diego City Employees’ Retirement System (SDCERS) has adopted a new unfunded actuarial liability (UAL) contribution floor amortization for the City of San Diego and the Port of San Diego pension plans. This new UAL contribution floor amortization method complements the existing 15-year amortization period for …

Uncategorized

The Winter 2019 edition of Market Group’s Quarterly Institutional Allocator is Here!

The Winter 2019 edition of Market Group‘s quarterly magazine, Institutional Allocator,  is here! Click here to download the magazine Welcome to Volume 2 Edition 1 of Institutional Allocator’s quarterly magazine. For this quarter’s cover story of IA, Editor Mark Fortune and Managing Editor Leslie Kramer took a look at the state of U.S. pension plans’ funding status, …