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 …

In the Future, Tech will Separate AM Winners from Losers: Willis Towers Watson

The adoption of new technology by asset managers will set them apart as they look to remain competitive and grow in the coming years, according to a research paper released this month by Willis Tower Watson’s Thinking Ahead Institute (TAI), entitled “The asset manager of tomorrow.” The report also predicts that the roles played by …

The Spring 2019 edition of Market Group’s Quarterly Institutional Allocator is…

The Spring 2019 edition of Market Group‘s quarterly magazine, Institutional Allocator,  is here! Welcome to Volume 2 Issue 2 of Institutional Allocator’s quarterly magazine. With this edition of IA we’re tipping our hat, so to speak, to the green zeitgeist now sweeping the developed world, with its implications for social, economic and ecological change. In …

Asset Owner Profile: Ariz. Blue Cross Blue Shield’s Black Follows the Money

Cameron Black is chief investment officer and treasurer of Blue Cross Blue Shield of Arizona in Phoenix. He is responsible for the company’s short- and long-term investment strategies and overseas its risk management. Prior to joining BCBSAZ, Black held positions in television production, was an independent investment adviser and a director in the foundation arm of a biomedical research institute. …

Asset Owner Profile: Chicago Teachers’ Burbridge Driven to Keep a Promise

Charles “Chuck” Burbridge is executive director of the approximately $11 billion Public School Teachers’ Pension and Retirement Fund of Chicago (Chicago Teachers or CTPF). Boasting a 40-year-plus professional career in economics, finance and academia (he was twice an adjunct professor), Burbridge has witnessed myriad changes in pension fund administration and investment, lending him a clear-eyed perspective acquired only by long service. It’s the kind …

The Winter 2019 edition of Market Group’s Quarterly Institutional Allocator is Here!

The Winter 2019 edition of Market Group‘s quarterly magazine, Institutional Allocator,  is here! Click here to download the magazine Welcome to Volume 2 Edition 1 of Institutional Allocator’s quarterly magazine. For this quarter’s cover story of IA, Editor Mark Fortune and Managing Editor Leslie Kramer took a look at the state of U.S. pension plans’ funding status, …

Johns Hopkins Investment Officer Exits, Enrolls at Penn State

Jim Steinbugl, an investment officer who worked on private equity and other asset classes at Johns Hopkins University’s endowment, has departed the endowment to join Penn State University’s endowment, David Branigan, chief executive officer, Office of Investment Management at Penn State, confirmed.  “Yes, we hired Jim into a new position a couple of weeks ago,” …

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 …