Advisors Offer Deep Dive into their Real-Asset Investing Strategies

This week, Reporter Kaitlyn Mitchell spoke with institutional investment consultants and managers on how they are advising their institutional clients to invest in real assets. Experts consulted include pros from Aon, Hamilton Lane and Wilshire Associates, and Polsinelli law firm. Many Facets to the Class “The way we define real assets is anything that has …

Seth Magaziner, General Treasurer of R.I., Poster Child for Pension Plan Transparency

This week, IA reporter Kaitlyn Mitchell had an in-depth conversation with Seth Magaziner, the General Treasurer of Rhode Island. A young man at age 35, Magaziner, who is responsible for the administration of $8.3 billion in assets at the Employees’ Retirement System of Rhode Island (ERSRI), is running for re-election this fall, after making improvements to the …

Investors are Missing Out on EM Infrastructure

There are many reasons North American investors are taking a pass on buying emerging market infrastructure: compliance, due diligence, unfamiliarity with those markets, to name three. But is their caution warranted, or are attractive opportunities being missed?  Kamal Suppal, chief investment auditor at Emerging Markets Alternatives, an investment auditor, and former senior research consultant at …

Three Institutional Investors Share Their Real-Assets Strategies

A majority of 224 institutional clients (58%) surveyed by asset management behemoth BlackRock earlier in the year, for its 2018 Global Real Assets Outlook, said they intend to increase their real-assets allocations this year, following a record fundraising year for the class in 2017. Also, closed-end private real estate funds and unlisted infrastructure funds collectively raised …

Epoch’s New COO Values Left and Right Brain in Seeking Alpha

Philipp Hensler, who last week joined New York City–based equity manager Epoch Investment Partners, as president and chief operating officer, has alpha on his mind—on the left and right side of his brain, to be clinical. Hensler was previously president and CEO of Vontobel Asset Management. Delivering a presentation based on doctoral research he conducted …

As Investors Embrace ESG, Inconsistent Analysis Questioned

As socially responsible investing continues an inexorable march toward the investment mainstream, some institutions are questioning the consistency or uniformity of environmental, social and governance (ESG) analysis, and how this analysis is adopted across investment managers. Some are questioning more deeply, also, the degree to which asset management firms meet certain ESG criteria for themselves …

Stamford Police Pension Board Reaps Payoff from Securitized Products

The Stamford Police Pension Board has gradually shifted its $37 million traditional fixed-income allocation to multi-strategy-securitized credit and hedge funds. The move is continuing to pay off.  On a year-to-date basis, through March 31, Stamford pension’s securitized credit exposure was up 8.5%, while its standard fixed income index, the BloombergBarclays US Aggregate Index was down …

Are OCIOs Closing in on Elusive Public Pension Pot of Gold?

Moves by public pension funds this year to entrust outsourced chief investment officers (OCIOs) with discretionary oversight of substantial portions of their portfolios have industry insiders asking: Have OCIOs finally cracked the code to access public pension plan accounts? In particular, news in the summer that the $18.4 billion Illinois State Board of Investment (ISBI) voted to …

CalPERS’ New ESG Investment Boss Presents Vision for Program

Beth Richtman, the California Public Employees’ Retirement System’s (CalPERS) first managing investment director of its sustainable investment program, on July 16, delivered her first presentation to the system’s board of trustees, outlining her vision and initial steps for implementing ESG principles across the pension fund’s portfolio.  She said in the presentation that her overriding vision …

CIOs Passing on Pricey European Infrastructure, In Favor of “New World” Opportunities

Europe has, for some time, been the sweet spot for institutional investors seeking infrastructure exposure, but with so many investors chasing the same deals, supply-demand pressures have depressed returns in the asset class there. As such, some market participants are questioning why more North American institutional investment officers aren’t seeking newer or less-trodden paths to …