No Place Yet for Cryptocurrency in Institutional Portfolios

Most market practitioners agree that institutional investors, in general, have still not yet warmed up to cryptocurrencies due in part to the lack of regulation governing the new class and volatility in the asset class. Yet, change could be on the horizon. “There are a whole series of specialist investment possibilities that investors could consider, and …

MSBI CIO Mansco Perry Brings Investments Back to the Basics

Reporter Kaitlyn Mitchell recently spoke with Mansco Perry, longtime executive director and chief investment officer (CIO) of the $93.5 billion Minnesota State Board of Investment (MSBI). Perry has had a long career in financial analysis, and has overseen MSBI through excellent returns in his time with the fund—in 2017, the fund had a 15.1% return, …

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 …

Prudent PE Investors Itching to Jump on Better Pricing

The news that private equity investment in the U.S. fell by almost 50% to $41 billion in the second quarter, compared to investments totaling $80 billion in Q2 2017, may have startled some market observers, who had watched the segment hit record heights in 2017. But keen observers remain unfazed, confident that investors will soon be …

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 …

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 …

Struggling, Small R.I. Funds Pursue Strategies to Improve Funding Status

While a number of New England pension funds, which aggregate some $2.5 billion in assets under management across 20 open and 14 closed plans, remain critically underfunded, one fund has turned around its misfortune using conservative investment strategies. Others, such as the 24.2%-funded Central Falls, Rhode Island police and fire pensions, are still in rough …

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 …

SSGA Votes Against Directors at 500 Companies that Won’t Add Women to Board

State Street Global Advisors (SSGA) voted against reinstating board directors of more than 500 companies in the United Kingdom, U.S. and Australia that have no women on their boards and have taken no action to improve board diversity, despite engagement by the asset manager, according to Rakhi Kumar, senior managing director, head of ESG investments …

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 …