Alternatives, Asset Allocation, Consultants, Endowments/Foundations, Pension Funds, Private Equity

Consultants Address Key Concerns in Developing a Private Debt Allocation

When its clients are considering investment in private debt, investment consultant Mercer suggests to them broad diversification, both globally and within the type of private debt they are seeking, according to Bill Muysken, the firm’s global chief investment officer for alternatives. Consultants at Aon recommend using private debt to diversify a portfolio heavily weighted in …

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

How to Build an All-Season, Real-Assets Portfolio: Practitioners Opine    

Volatile equity markets and inadequate bond yields have driven a spike in investor interest in real assets this year. Investors are building larger and more diversified real-assets allocations, or considering doing so, by adding global and sector exposure, including infrastructure, maritime and international real estate to their real asset mainstay, domestic core real estate. IA …

Alternatives, Asset Allocation, Defined Benefit, ETF, Institutional Investors, Pension Funds, Public Funds

Illinois U. System to Replicate $5 Bn in Equities with Exchange-listed Options  

The Champaign, Illinois–based State Universities Retirement System of Illinois (SURS), with approximately $20 billion in assets under management (AUM), is using an exchange-listed options strategy to hedge what some observers perceive as a U.S. equities market on the cusp of a painful tumble, in order to beat the market. “Some option strategies can trail. But …

Governance, Institutional Investors

Alaska’s Comp. Plan: A Fitting Model for Public Fund In-House Asset Management?  

The recent approval of new incentive compensation guidelines for investment and other staff by the board of the Alaska Permanent Fund Corporation (APFC) runs the risk of critical news headlines—a perennial risk faced by publicly funded investing institutions when they move to compensate financial-market professionals on staff competitively.  But so far criticism of the initiative …

Asset Managers, Private Equity, Public Funds

AIC Taps New Chairman; Mass PRIT Tops 2018 Public Pension Study

The American Investment Council (AIC) has elected Steve Klinsky as chairman of its board of directors. Klinsky is the founder and chief executive officer of New York-based New Mountain Capital, a growth-oriented private equity firm that manages more than $20 billion of assets. Separately, AIC recently released its 2018 Public Pension Study, with the Massachusetts …

Asset Allocation, Asset Managers, Consultants, Defined Benefit, Endowments/Foundations, ETF, Institutional Investors, Pension Funds, Public Funds

Canada Leads the ETF Charge

Canadian institutions are at the forefront of a growing move by institutions worldwide to integrate exchange-traded funds (ETFs) into their portfolios, according to the 2017 Canadian Exchange-Traded Funds Study, recently released by Greenwich Associates. In fact, the 52 Canadian institutions that participated in the study currently allocate an average 18.8% of their total assets to …

Asset Allocation, Consultants, ETF, Institutional Investors, Public Funds

Amid Rising Interest Rates, Investors See Liquidity Benefit in Fixed-Income ETFs

Institutional investors are moving in increasing numbers into fixed-income exchange-traded funds (ETFs), according to a recently released Greenwich Associates study, ETFs: Valuable Versatility in a Newly Volatile Market. The heightened demand for these products is derived from insufficient liquidity in the fixed-income market as well as institutional portfolios adjusting to an environment of rising interest rates, …

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

Colorado’s FPPA Reaps Rewards of Long Investment Governance Revamp

Staff members of the approximately $4.5 billion Fire & Police Pension Association of Colorado (FPPA) are feeling pretty good about themselves currently. Why? In 2009, an informal level of questioning, second-guessing and  hypothesizing among board and staff members regarding the fund’s longstanding, heavily-consultant-driven asset manager hiring process coalesced into formal action to change that process …

Defined Benefit, Governance, Pension Funds, Public Funds

MOSERS Board Taps New Chairwoman; ED Expected in June

The Missouri State Employees’ Retirement System (MOSERS) has appointed Crystal Wessing as Chairwoman of the Board of Trustees of the $8.5 billion Jefferson City-based retirement fund, according to a released statement from MOSERS. Separately, the system is also now in the final phase of a recruitment effort for a new executive director, which it expects …

Emerging Managers, Endowments/Foundations, Institutional Investors

E&Fs Eye Volatility as US/Sino Trade War Threat Looms

Endowments and foundations are addressing concerns about how a looming trade war between China and the U.S. could affect their investment strategies. Volatility in the markets, created by the tit-for-tat tariff pronouncements, coming from both President Donald Trump and Chinese president Xi Jinping, has many investors on edge, with no clear end to the disputes in sight. …