Adapt or Die? Investment Biz Braces for Tech Effect

Most investment industry workers expect their job functions to change over the next five to 10 years as a result of technological disruption–with nearly half expecting that change to span from significantly different to job eliminating–according to the findings of a new report released by CFA Institute, titled the Investment Professional of the Future. The report explores how investment industry …

CTPF’s CIO Lays Out Factors in Fund’s GP Selection

The approximately $11 billion Chicago Teachers Pension Fund (CTPF) has a 9% allocation to real estate, 6.9% of which is managed by external asset managers that are general partners (GPs). The fund expends a great deal of time and effort in its selection process for GPs with which to do business. According Angela Miller-May, CTPF’s …

Public Pension Plans Lower Assumed Returns with Minimal Rise in Costs

Public pension plans have lowered their investment return assumptions, which generally raises costs, by requiring larger contributions to fund promised benefits. However, the decline in assumed returns is due to lower than expected inflation, which should have no effect on costs (employee contributions) in an inflation-indexed system, according to a recently released report titled: How …

Interview with Pentegra’s Scott Stone: Part 5

For our fifth video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’s CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum in New York, and asked if he expects to see more defined benefit plans moving into the defined contribution space. This is part five of a five-part series.

Interview with Pentegra’s Scott Stone: Part 4

For our fourth video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’ CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum, in New York, and asked if he thinks the pension crisis will be solved any time soon. This is part four of a five-part series.

Interview with Pentegra’s Scott Stone: Part 3

For our third video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’ CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum in New York, and asked if pension funds need to change their asset allocation to prepare for a coming recession. This is part three of a five-part series.

J.P. Morgan Shakes up AM Investment Committee

Paul Quinsee, global head of equities, and Bob Michele, global head of fixed income, currency and commodities (GFICC) at J.P. Morgan Asset Management, will expand their current roles to include co-head responsibilities of the Asset Management Investment Committee (AMIC), which reviews new and existing global product offerings at the firm, according to Mary Callahan Erdoes, …

Kansas Seeks Deputy Private-Markets Investments Chief

The approximately $20 billion Kansas Public Employees Retirement System (KPERS) in Topeka is taking steps to recruit a deputy chief investment officer-private markets to fill a slot left vacant by the resignation earlier this month of its previous deputy CIO Dean Roney. Roney left the system for family relocation reasons, according to a press release …

CalSTRS Names Chief of New Investment Strategy and Risk Unit

The California State Teachers’ Retirement System (CalSTRS) has appointed Geraldine Jimenez as Director of Investment Strategy and Risk, confirmed Scott Chan, CalSTRS’ deputy chief investment officer. The new unit was established in May and is responsible for implementing and monitoring CalSTRS’ overall investment portfolio strategy and risk profile. The new unit’s primary goal is to …

Interview with Pentegra’s Scott Stone: Part 2

For our second video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’ CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum in New York, to discuss “the crisis” of unfunded liabilities at U.S. pension funds, and how Pentegra has been so successful in funding its own liabilities. This is part-two of …