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 …

Single-Digit Level Returns for Developed Equities in 2019: Cambridge Predicts

Analysts, consultants and asset managers have all been weighing in with their 2019 investment outlooks, forecasts and reports. Many are emphasizing the geopolitical and macro-economic risks that are bearing down on the market. Cambridge Associates shares those concerns. “But we also look at fundamentals and valuations, and the picture there is a little less gloomy …

Texas ERS, PAAMCO Begin Building Applicant Pipeline for HF Seeding Platform

An innovative joint-venture, emerging hedge fund seeding and support platform launched by the approximately $28.5 billion Employees Retirement System of Texas (ERS) and Pacific Alternative Asset Management Company (PAAMCO) during the summer, has whittled a field of hundreds of emerging firms vying to participate in the platform down to an initial “pipeline” of 35 firms, …

Community Foundation Doubles Up on Diverse Managers

The $13.5 billion Silicon Valley Community Foundation (SVCF) has more than doubled the number of diverse managers it has been using, since 2013, from three up to 14, Senior Vice President of Investments Bert Feuss told Institutional Allocator. “My hope is that other institutional investors, particularly university endowments and pensions, will see that greater asset …

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.  …

Saudi EMI Inclusion Already a Boon to Country-Focused Investors

The announcement at the end of June of the upcoming addition of Saudi Arabia to the MSCI Emerging Market (EM) Index was not only a win for Saudi Arabian companies, but also a win for investors who took advantage of the news to invest in BlackRock’s Saudi Arabia ETF (KSA)—which is up 17% year to date, …

E&Fs Eye Volatility as US/Sino Trade War Threat Looms

Endowments and foundations are addressing concerns about how a looming trade war between China and the U.S. could affect their investment strategies. Volatility in the markets, created by the tit-for-tat tariff pronouncements, coming from both President Donald Trump and Chinese president Xi Jinping, has many investors on edge, with no clear end to the disputes in sight. …

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 …

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, …