Defined Benefit, Governance, Institutional Investors, Investment Research, Pension Funds, Public Funds

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 …

Asset Managers, High Net Worth, Institutional Investors, Private Equity, Private Wealth, Public Funds, Sovereign Wealth Funds

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 …

Alternatives, Asset Managers, Institutional Investors

CIBC AM’s CEO Says Alts Investing is a Challenge

Liquid alternatives investments represent a wide range of asset classes and strategies giving investors many more moving parts to understand and master than traditional investment solutions, which makes succeeding in the strategy quite a challenge, according to David Scandiffio, president and CEO, CIBC Asset Management. “Given the multifaceted playing field, experience and investment skills are …

Asset Allocation, Asset Managers, Consultants, Corporate Funds, Defined Benefit, Endowments/Foundations, Institutional Investors, OCIO, Pension Funds, Performance Measurement, Public Funds, Retirement Income

Interview with Pentegra’s Scott Stone: Part 3

For our third video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’ CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum in New York, and asked if pension funds need to change their asset allocation to prepare for a coming recession. This is part three of a five-part series.

Consultants, Governance, Investment Research, People, Performance Measurement

Willis Towers Watson Creates Research Uber Boss; Promotes One Other

Willis Towers Watson (WTW) has tapped a new leader for its research operations and promoted one other within the division. The promotions were conferred in a effort to “enhance” the firm’s research offering, and follow other recent senior executive appointments at WTW. Luba Nikulina will take on a new leadership role as head of research, …

Asset Managers, Defined Benefit, Endowments/Foundations, High Net Worth, Institutional Investors, Pension Funds, Private Wealth

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, …

Defined Benefit, Governance, Institutional Investors, People, Private Equity, Public Funds

Kansas Seeks Deputy Private-Markets Investments Chief

The approximately $20 billion Kansas Public Employees Retirement System (KPERS) in Topeka is taking steps to recruit a deputy chief investment officer-private markets to fill a slot left vacant by the resignation earlier this month of its previous deputy CIO Dean Roney. Roney left the system for family relocation reasons, according to a press release …

Alternatives, AM Fees, Asset Allocation, Asset Managers, Investment Research

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 …

Alternatives, Consultants, People, Private Equity

So Far, So Good with RE Debt Market: Verus’ Nicolini

John Nicolini, a managing director and senior consultant with Verus, sees no signs that the real estate lending market is declining.  “Lots of capital is still chasing deals from insurance, banks and private capital, he said, adding that “It will likely take a valuation incident to scare debt capital from the markets.” Nicolini, who is …

Asset Managers, Performance Measurement, Uncategorized

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 …