IA Strategy: NMSIC Formulates Pre-Recession Strategy: More Cash, Less Public Equities

Robert “Vince” Smith, chief investment officer (CIO), of the $24 billion New Mexico State Investment Council (NMSIC), a permanent endowment for the state of New Mexico and the third largest domestic sovereign wealth fund in the U.S., is all about planning ahead. In a roundtable discussion at MarketsGroup’s Southwest Forum in New Mexico, in September, Smith said …

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, …

Cybersecurity is a Bigger ESG Concern for Institutions than Climate Change, Terrorism

“Cybersecurity risk is now a board-level concern, and how companies both prepare and react – or don’t – can have long-term implications on share value,” Jennifer Peet, corporate governance director for the Office of Oregon Treasurer and the Oregon Public Employees’ Retirement Fund told IA’s Kaitlyn Mitchell. “Cybersecurity has been a growing concern for several …

Colorado County Names New Executive Director

The board of the $1.9 billion Colorado County Officials & Employees Retirement Association (CCOERA), in Littleton, has named Elizabeth Price as the Association’s new executive director (ED). The previous ED, Jacob Kuijper, retired in March. Marvin Tuttle has played the role of interim ED since. The fund’s ED is responsible for directing, managing, planning, preparing and …

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 …

Iowa Seeks HY Fixed-Income Manager

The Iowa Public Employees’ Retirement System, with approximately $32 billion in assets under management, has commenced a search for high-yield fixed-income management services from one or more managers. The request for proposals (RFP) for the mandate is due November 6. The move comes despite the fund’s engagement during the summer of a consultant to assist …

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 …

New Mexico CIOs Address Their Biggest Concerns

At its Southwest Institutional Forum in Santa Fe, N.M. on September 20, Markets Group gathered together three New Mexico-based institutional investors to discuss a variety of investment-related topics. They included Bob Jacksha, chief investment officer, New Mexico Educational Retirement System, which administers $13 billion; Robert “Vince” Smith, chief investment officer, New Mexico State Investment Council, …

Texas ERS Stays Abreast of Asian Opportunities by Visiting   

Concerns over an escalating trade war and volatility in the Asian markets notwithstanding, some U.S. institutions continue to venture Eastward. This week, Institutional Allocator consulted Employees’ Retirement System of Texas (ERS) CIO Tom Tull on his top reasons for being bullish on Japan and China-specific investment strategies. What’s his number-one technique for understanding opportunities and …

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 …