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 …

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 …

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 …

Cambridge Hires Diversity Manager To Boost Women and Minority Manager Offerings

Cambridge Associates has hired Jasmine Richards as senior investment director, manager diversity, based in the firm’s Boston headquarters. Richards joined the consultancy to lead its ongoing initiatives to identify and research institutional investment managers in all public and private asset classes that have diverse owners or leaders, including women and people of color. The goal is to increase …

Wilshire Associates Hires Two Executives

Wilshire Associates, an investment consultant firm, has hired Suehyun Kim and Rebekah Chow to the team at Wilshire Funds Management. Kim joins as vice president of Wilshire Associates and portfolio manager at Wilshire Funds Management, based in Santa Monica. She will be responsible for creating multi-asset class and multi-manager investment solutions for financial intermediary clients.  …

Reports: Pension Funding Up by $23 Billion; Funded Status Flat in June

Milliman, an investment consultant, has released the results of its latest Pension Funding Index, which analyzes the 100 largest U.S. corporate pension plans. In June, these pensions experienced a $23 billion increase in funded status, with the deficit of the Milliman 100 PFI plans falling from $141 billion at the end of May to $118 …

Investors Eye Diversification Potential in Asian Private Debt Mart

Interest in Asian private debt is growing. But while there are opportunities to be had, consultants suggest that investors proceed with caution. “We have observed more interest in Asia private credit than in previous years, as investors look to diversify their credit portfolios and gain access to a region which is regarded as having compelling …

Principal Unveils Retirement Platform to Service Minnows

Principal Financial Group, a Des Moines, Iowa-based investment management firm, service provider of defined benefit (DB) pension plans and defined contribution plans (DC) and an insurance company, with a total of $674 billion in assets under management (AUM), (including over $200 billion in retirement assets) is touting a new platform for retirement plans with assets …