Pension, E&F Investment Pros Cautiously Optimistic on Hedge Funds

Though just five percent (or 400) of 8,000 hedge funds (HFs) are even considered investable, according to Joe Marenda, a managing director and hedge fund specialist at Cambridge Associates, “the beauty [of hedge funds] is really in the eye of the beholder—based on portfolio need,” he said. Though institutional investors are currently holding their allocations …

Notre Dame’s CIO Best Paid Among College E&Fs: Skorina

University of Notre Dame endowment’s (AUM $9.4 billion) Chief Investment Officer (CIO) Scott Malpass, Yale University endowment’s ($27.2 billion) CIO David Swensen, and Columbia University endowment’s ($10 billion) CIO Peter Holland took home the most income among endowment CIOs in 2015 (the most recent period for which this data is available), at $4.3 million, $3.9 million, …

Minnesota Children’s Hospitals’ CIO Slocum Driven By ‘Great Mission’

Institutional Allocator Reporter Kaitlyn Mitchell sat down with Susan Slocum, treasurer and chief investment officer (CIO) of Children’s Hospitals and Clinics of Minnesota (Children’s), a foundation with $750 million in assets under management (AUM), while attending Markets Group’s 5thAnnual Great Plains Forum in Minnesota on September 12. Slocum ascended from treasurer to treasurer and investment officer …

Pensions Replacing Fixed Income with Alternative Credit: Gapstow

According to a report released by Gapstow Capital Partners, an investment advisor that focuses exclusively on credit, many U.S. pension funds are now beefing up their alternative credit allocations, in many cases by decreasing investment in traditional fixed income. “We saw a lot of interest in alternative credit coming at the expense of traditional fixed …

Cambridge Report: Gender-Lens Investing Delivers Differentiated Investment Edge

Cambridge Associates has released a new report, Gender Lens Investing: Impact Opportunities Through Gender Equity, which offers institutional investors insight into investing using a “gender-lens” approach as a way to make a mission-related impact as well as diversify their portfolio’s risks and returns. “Diversity of thought and perspective can give you different opportunities and deliver diversification …

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 …

NT Takes Stake in Tech Firm to Drive Asset-Owner Services

Northern Trust is taking a minority stake in Parilux Investment Technology, representing a key step in the development of its Front Office Solutions business, which the bank is constructing to deliver operational and technology services to in-house institutional investment teams. The business is focused on supporting the investment teams of endowments, foundations, corporations, family offices and …

IA Strategy: Eastern Illinois University Foundation Stays Faithful to Active Management

This week, IA spoke with Jim Schnorf, one of seven investment professionals and two ex-officio members who make up the investment committee of the Eastern Illinois University Foundation (the Foundation), about the trend towards endowments and foundations making larger equity allocations in their portfolios, the value of hiring an active manager, and the Foundation’s considerable allocation …

New Mexico Funds Fashion Private Debt Benchmarks that Fit

Finding effective benchmark measures for private debt has proven challenging to even the most nimble-minded institutional investment practitioners. Nevertheless, some chief investment officers and portfolio managers at pension funds and endowments are coming up with their own ways to solve, at least in-part, this diverse asset class’s benchmarking issues. IA’s Managing Editor Leslie Kramer spoke with …

bfinance Asset-Owner Survey Finds More Complex, Diverse Portfolios; Lower AM fees

Over the last three years, extending a trend that began in the wake of the financial crisis, the average institutional investor has transitioned its investment portfolio to one that is not only more complex and diverse, but which features a greater proportion of illiquid investments, according to the findings of the 2018 Global Asset Owner …