Alternatives, Asset Allocation, Asset Managers, Consultants, Defined Benefit, Endowments/Foundations, Institutional Investors, Pension Funds, Private Equity, Uncategorized

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 Allocation, Defined Benefit, Governance, Institutional Investors, Pension Funds, Private Equity, Public Funds

IA Strategy: NMSIC Formulates Pre-Recession Strategy: More Cash, Less Public Equities

Robert “Vince” Smith, chief investment officer (CIO), of the $24 billion New Mexico State Investment Council (NMSIC), a permanent endowment for the state of New Mexico and the third largest domestic sovereign wealth fund in the U.S., is all about planning ahead. In a roundtable discussion at MarketsGroup’s Southwest Forum in New Mexico, in September, Smith said …

Asset Allocation, Defined Benefit, Institutional Investors, Pension Funds, People, Public Funds, Uncategorized

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 …

Compensation, Endowments/Foundations, Governance, Institutional Investors, People

Notre Dame’s CIO Best Paid Among College E&Fs: Skorina

University of Notre Dame endowment’s (AUM $9.4 billion) Chief Investment Officer (CIO) Scott Malpass, Yale University endowment’s ($27.2 billion) CIO David Swensen, and Columbia University endowment’s ($10 billion) CIO Peter Holland took home the most income among endowment CIOs in 2015 (the most recent period for which this data is available), at $4.3 million, $3.9 million, …

Uncategorized

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 …

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

Investors in Alternatives Seeking Separate Accounts and Co-investments

Over the next five years, institutional investors in alternative assets will be looking to increase their investments in separate accounts and co-investments at the expense of pooled or commingled structures, for reasons of greater control and potentially lower management fees, according to a report just published by research and data firm Preqin, titled The Future …

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

IDB Launches LAC Gender-Focused Fund; Says Region Ripe for Impact Capital

IDB Invest, the private-sector arm of the Inter-American Development Bank Group (IDB) and the Overseas Private Investment Corporate ( OPIC) have  partnered to launch Fund Mujer, the first gender-focused fund for Latin America and the Caribbean (LAC), to invest in female entrepreneurs, companies with a significant share of women leaders, and firms that generate jobs or consumer products for women. …

Asset Managers, Consultants, Corporate Funds, ESG/SRI, Governance, Institutional Investors, Pension Funds, Public Funds, Uncategorized

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 …

Alternatives, Asset Allocation, Asset Managers, Consultants, Institutional Investors

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 …

Asset Allocation, Defined Benefit, Endowments/Foundations, ETF, Institutional Investors, Pension Funds, People

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 …