Asset Owner Profile: David Holmgren, CIO of Hartford Healthcare

David Holmgren, CIO of Hartford HealthCare, a hospital fund with $3.3 billion in assets under management, paid a visit to Markets Group’s New York City headquarters just prior to the Thanksgiving break and chatted with Institutional Allocator Reporter Kaitlyn Mitchell. Holmgren opined on the passive versus active debate, international politics and his work-life-balance as a …

MOSERS Seeks Consultant for Illiquid Alternatives

The $8.5 billion Missouri State Employees’ Retirement System (MOSERS) has issued a request for proposals seeking a specialty consultant for illiquid alternatives. The system’s current allocation to illiquid alternatives is approximately 25% of assets, or about $2 billion, according to MOSERS’ CIO Seth Kelly. MOSERS hired a Board Investment Consultant, Verus, to fill the general …

Chinese A-Shares Beckon, Says Allianz Global Investors’ US CEO

The investment environment in China is in a transformational state, a condition that is contributing to some misperceptions about the market by U.S. investors, even as they seek more assiduously now than ever to understand the opportunities there and the best ways to access them, according to Douglas Eu, managing director, and CEO of Allianz …

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 …

Kentucky’s Pension Funding Ratio Tumbles; Fund Accelerates CIO Search

The assets-to-liabilities funding ratio of the Kentucky Retirement System (KRS) in Frankfort fell to 12.9% on June 30, from 13.6% earlier, according to a report to the system’s board by the fund’s actuaries last week.  Some at the fund expect the ratio to fall further before bottoming out. The pension fund had approximately $2 billion …

Asset Owner Spotlight: Elizabeth Burton, CIO, Hawaii Employees’ Retirement System

Elizabeth Burton was hired as chief investment officer by the $16.8 billion Employees’ Retirement System of the State of Hawaii (ERS) at the end of July 2018, and reported for her first day of work on October 1. Her first interview with the fund was in late spring, several months after former CIO Vijoy Chatterjy …

EY Survey: Institutions’ Renewed Interest in Alts Creating AI Conundrum for Managers

Increased institutional interest in the alternatives asset class is creating more pressure than ever on asset managers to provide increasingly sophisticated and nuanced data gathering services at lower fees, according to the just published 2018 Global Fund Alterative Survey from Ernst & Young. “Institutions are engaging with alternatives asset managers in new ways—these can include …

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 …

The Autumn 2018 edition of Market Group’s quarterly Institutional Allocator is here!

The Autumn 2018 edition of Market Group‘s quarterly magazine, Institutional Allocator,  is here! Click here to download the magazine Welcome to the second edition of Institutional Allocator’s quarterly magazine. It is my pleasure to introduce with this edition Market Group’s new 10-member Advisory Board, which boasts some very experienced institutional investment practitioners from varied corners of …

Mercer Appoints New Financial Strategies Honcho

Mercer has tapped Matt McDaniel to lead the firm’s Financial Strategy Group (FSG) in the U.S. In addition, Jay Dinunzio has been recruited to the FSG team as a principal from Aon, a national retirement consulting firm. McDaniel leads an integrated team of professionals spanning investments, actuarial, and insurance solutions.  FSG works with pension plans …