NJ HF Cut Just Latest Action in Industry’s Value-For-Fees Pursuit

The New Jersey Division of Investment’s decision at the close of May to halve the state’s pension funds’ hedge fund allocation to 3% from 6% to save on asset management fees raised nary an eyebrow, viewed by the industry as just business as usual—just another fund in a long and growing list of institutional asset owners …

Asset Owner Profile: SITFO’s Madsen Believes Institutional Investment Pros are Underappreciated

In 2015, the State of Utah created the Utah School & Institutional Trust Funds Office (SITFO) to manage revenue from natural gas, oil, and the sale of state lands. That year, the trustees of the fund hired Peter Madsen as the fund’s first chief investment officer, a position he holds today.  Having moved around the industry over …