Amid Fundraising Uptick, Infrastructure Deal Volume Remains Low
Despite the highest fundraising figures following the financial
crisis, private equity infrastructure deal volume this year is squeezed.
News
From ai5000 Magazine: Eric Upin, CIO, Makena Capital Management
Upin -- formerly at the Stanford Management Company and Sequoia
Capital and now Chief Investment Officer at Menio Park-based Makena
Capital Management -- spoke with ai5000 in defense of the much maligned
endowment model.
CalSTRS Thanks Alternatives for Positive Returns
The pension credited its 12.3% return for
the 2009 to 2010 fiscal year to a greater allocation to alternative
investments.
Following the Crash and Nassim Taleb, Firms Start to Offer Black Swan Protection
PIMCO is the latest vendor with plans to offer protection against violent market swings following the 2008 collapse and warnings by commentators such as Nassim Taleb of “Black Swan” fame.
CIO Survey Shows Long-Only Active Equity Strategies Poised to Lose
In a a Keefe, Bruyette & Woods survey of chief investment officers
overseeing US institutional portfolios, investors are showing a growing
interest in “barbell” allocations to indexed equities and high-alpha
alternatives.
CalPERS Sued for Details About $100 Million in Failed Property Investments
Under
the Public Records Act, the First Amendment Coalition (FAC) filed the
suit against the pension demanding access to records revealing factors
influencing CalPERS' financial commitment in 2006 to the Page Mill
Properties II project.
BlackRock Takes Over Equitable Life Mandate to Manage Risk
Equitable Life's new
outsourcing deal with BlackRock is one of the largest European asset
management mandates of the year.
AIMCo's Leo de Bever Cautions Against Infrastructure
With investors chasing limited opportunities, have we reached
an infrastructure bubble and is there light at the end of the tunnel?
From ai5000 Magazine: Yngve Slyngstad, CEO, Norges Bank Investment Management
Slyngstad -- the CEO of Norges Bank Investment Management (NBIM), the division of Oslo's bank that manages one of the largest sovereign wealth funds on the planet, Norway's colossal $457 billion Government Pension Fund -- speaks with ai5000.
University of Texas Endowment Invests $500 Million in Gold
Fund managers at the University of
Texas
endowment are allotting money to a commodity that most investors turn to
when
they expect high inflation and economic hardship.
Peru Increases Cap on Pension Investment Internationally
Peru's four pension funds are seeking to invest more abroad and will
likely ask Congress to change a law that set a 30% ceiling.
Goldman Gains After Paying Record $550 Million to Settle SEC Lawsuit
Of the lawsuit's total penalty, the largest ever paid by a Wall
Street firm, $15 million represents disgorgement of gains from the deal
while the remaining is a civil penalty.
From ai5000 Magazine: Bob Reynolds, CEO, Putnam Investments
Reynolds, following two decades at cross-town rival Fidelity, was lured to Putnam to turn around the once-ailing firm. With its mutual fund business once again on the rise, the next question is: What can Putnam do for the world's largest asset owners?
From ai5000 Magazine: Controverse à la Caisse
Fund loses billions in public money. Retirees worry about rent payments. Managers rake in million. Public is outraged. Rinse. Repeat. A look at Quebec’s Caisse de Depot pension fund. Jordan Milne reports.
From ai5000 Magazine: Wealth in Sin
During the best of times and the worst of times, people will continue
to drink, smoke, gamble and fight. Here’s an assessment of the Vice
Fund portfolio, firsthand. Paula Vasan reports.