Emerging Managers, Institutional Investors, Pension Funds, Private Equity

U.S. Investor Delegation Kicks Tires of Africa Infrastructure Opportunities  

Though most of the U.S. institutional investors that were part of a delegation that travelled to Senegal and South Africa in early March invest in emerging or frontier markets (EFM), less than half of the funds invest in Africa, and fewer than one fifth invest in infrastructure there, with their EFM holdings primarily in private …

Asset Allocation

Is Risk Parity Ready For Rocky, Roiled Market?

Risk-parity investing, which ballooned in popularity in the aftermath of the financial crisis, may be entering the latest test of its efficacy.  According to some investment market practitioners, peculiar market dynamics have raised questions about the performance potential of the strategy, for this year at least. “Risk parity has enjoyed an unusually good environment for …

Asset Managers, Consultants

Political Patter and Investment Srvcs: Benign Banter or Briar Patch!?

Some argue that the political landscape in the U.S.—if not the world—has never been more polarized than since the election of Donald Trump as U.S. President. And according to some senior institutional investment consultants contacted last week, sensitivities and strong feelings one way or the other regarding the Trump administration and its policy agenda are …

Emerging Managers, ESG/SRI

Racially Diverse Workforces Boost Bottom Line, Research Says

A variety of research reports released recently indicate that companies that hire more diversely—and in particular companies that have more women on their boards or in top management positions—are more profitable than those in which White men monopolize or are predominant in the workforce. To many, the question then becomes what is the impact of …

Institutional Investors, Pension Funds, Private Equity

PE Surveys: Investors, Managers Diverge on Due Diligence; Firms Target Divestment  

Fund managers and asset owners are not totally aligned in their views of what factors about managers are important in a private market due diligence process, according to eVestment’s recently released Private Markets Due Diligence Survey 2018. Meanwhile, EY’s Global Private Equity Divestment Study, released last week, finds that PE firms continue to focus on …

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

MOSERS Board to New Consultant: “Show Me”

The Missouri State Employees’ Retirement System (MOSERS) has hired Verus Investments as a Board Investment Consultant (BIC) to provide investment advisory and oversight services directly to its Board of Trustees. MOSERS has asked the BIC to present a proposed asset allocation/policy portfolio to the fund’s investment committee, which the fund says Verus has done. According …

Emerging Managers, ESG/SRI

Pressure on Companies to Hire Women Unabated; Minorities Overlooked?

Pressure from institutional investors on public companies to include more women on their Boards and to hire more women in top management positions has been mounting. That pressure began long before the #MeToo movement came to the fore. But the mandate for more diversity is, in theory at least, supposed to include minorities too. But, …

Defined Benefit, Emerging Managers, ESG/SRI, Institutional Investors, Pension Funds, Public Funds

Verus Advances Ball on Emerging Manager, ESG initiative

Verus Investments, which last year kicked-off an effort to include more emerging and environmental, social and governance (ESG) managers on its approved-manager  list, is bringing  more thought to how it assists clients in identifying emerging managers and implementing their ESG mission-related initiatives, according to Eileen Neill, a managing director and senior consultant with the firm. …

Corporate Funds, Defined Benefit, Institutional Investors, Pension Funds, Public Funds

Different Strokes for Different DB Plans: Corps, Publics Go Separate Ways

The world’s defined-benefit (DB) pension funds are moving  toward two very different futures, according to a recent report from BlackRock, based on a survey conducted for it by the Economist Intelligence Unit, titled Common Challenges, Diverging Paths: winding down and building up in global defined benefit pension. The report, which secures responses from 300 funds …