What Investors Need to Know to Value Private Portfolios
CIO connected with Gregory Brown, a professor of finance at the University of North Carolina’s Kenan-Flagler Business School, regarding his research into valuing illiquid assets.
News
Norges Bank Sees Negative Returns in 1st Quarter of 2025
Assets of Norway’s $1.78 trillion sovereign fund fell by 0.6%, a result of weak U.S. equity market returns.
InBC Investment Corp. Searching for CIO
The Canadian crown corporation seeks a successor to Leah Nguyen, its inaugural investment chief.
BlackRock Foundation Commits $2M to Nest Insight
The three-year agreement aims to help increase savings for U.K. households.
Moody’s, MSCI to Launch Private Credit Risk Modelling Tool
The two firms will partner on solutions to provide risk assessments for the asset class.
CalSTRS Chooses Nuveen for $150M Self-Storage Mandate
A new commitment from the California teachers’ pension fund’s $46 billion real estate portfolio was announced.
State Treasurers Call on Tesla Board to Ensure Musk’s Focus on Company
A letter from Americans for Responsible Growth called for board engagement with stakeholders, as well as oversight of the automaker’s key executive.
Why Endowments Are Not a Quick Fix for Universities Facing Funding Cuts
Restrictions on use and the funds’ earmarked status limit how much universities can rely on endowments to address funding shortfalls.
Nomura to Acquire $180B AUM Macquarie Asset Management Business
The $1.8 billion acquisition of its U.S. and European business will see 700 Macquarie staff join Nomura and will open wealth management opportunities in the U.S. for the Japanese bank.
Nomura Capital Management Hires Ashu Pal to Run Portfolio
To support the new head of portfolio management, the firm plans to hire a vice president of asset-based opportunistic private credit and a private credit investment specialist.
TPG, Temasek to Take Stake in Cliffwater
The duo will join private equity firm TA Associates as investors in the alternative investment adviser.
Maryland State Pension Establishes Climate Advisory Panel
The five-member team will advise the fund on potential climate-related investment risks and opportunities.
CPP Investments Taps Secondaries Market in $860M Sale
The Canada Pension Plan Investment Board announced the sale of 25 private equity fund interests to Ares and CVC.
Pension Risk Transfer Still Attractive Derisking Option, Despite Market Volatility
Corporate pension funding ratios and the the interest rates used to value their liabilities took a hit, but the time to derisk may be now.
Banks With Decarbonization Efforts Perform Better, Research Finds
ISS STOXX found correlations with decarbonization, ESG performance and financial performance.