For the world’s largest asset owners
June 3, 2024
Allocator Group Calls for Cash Hurdles in Hedge Fund Fees
A letter signed by 29 institutional investors calls for hedge funds to outperform cash before charging management fees. 
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures

Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.

POPULAR STORIES
NFL Will Allow Private Equity Stakes; These Funds Are Likely to Invest
Pressure Mounts on Public Pension Funds to Divest Chinese Investments
CFA Institute Appoints 4 New Members of Board of Governors
How Tariffs, Trade Affect Manufacturing Investment
Broad Foundation Appoints Greg Outcalt as CIO
Stocks Way Overvalued by Any Metric, Per Study
Ackman Firm’s Projected Market Cap Is $10 Billion

His Pershing Square plans a 2025 IPO, and recently sold a 10% stake worth $1 billion.

Pennsylvania PSERS Returns 8.62% in 2023
The fund also made over $760 million in commitments to managers.  
TRENDING: Mass PRIM Allocates More Than $2B to Credit Managers in New Commitments
The pensions board approved $3.5 billion in total commitments, and saw its assets grow to $104.2 billion. 
TRENDING: Dimon Sounds Alarm on Private Credit—Sounds Like Junk Bonds, Circa 1990

JPM chief points out that these loans have not yet faced a real economic downturn, which high-yield did.

Editorial: CIOeditors@issmediasolutions.com
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