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 …

As AMs Ramp-up Tech, Institutions Must Clarify Their Needs

The investment data and transparency demands of some institutional investors, and their drive to reduce asset management costs, have had a “transformative” effect on technology development in the investment industry, since the financial crisis, according to investment consultants and tech-sector specialists. They caution, however, that to optimize how they adopt or use these new tools, institutions …

With Private Credit Strategy Benchmarks Proving Inapt, Researchers Say LLI May be Best Bet

Many consultants and investors face a conundrum when trying to formulate a performance benchmark for private credit.  There are a variety of product types within the asset class, making it hard to evaluate them all under one roof. Researchers also point to the evolving nature of the asset class, which includes a relatively small number of …

Asset Owners Must Reconsider Business Models to Succeed in the Future: Consultant’s Report

Asset owners looking to succeed in a world of substantial changes in technology, demography, globalization, environment and social norms will need to significantly reposition their business, operating and investment models, according to new research from global advisory broking and solutions company, Willis Towers Watson. In a just-released paper, titled The Asset Owner of Tomorrow, the …

Sexual Harassment is Institutions’ Top Emerging Due Diligence Target: IA Survey

Institutional investors surveyed by IA recently on the importance they attach to four ascendant asset-manager engagement due-diligence criteria indicated that they place the most importance on managers’ records on sexual harassment, followed in descending order of importance by their records on environmental, social and governance (ESG), cybersecurity and diversity. In response to a brief thought …