Public Pensions Double Down on Hedge Funds
American public pension plans are betting big on hedge funds despite high-profile exits, making up 16% of invested institutional capital.
News Archive: Sep - 2015
KKR Expands into HFs with Marshall Wace
The private equity giant has agreed to buy a 25% stake in the London-based hedge fund, upping its presence in liquid alternatives.
Rick Dahl, CIO of MOSERS, to Receive Lifetime Achievement Award
The Missouri State Employees’ Retirement System chief will take home the annual award on December 3 in New York City.
New Red Cross CIO Starts Recruiting
Greg Williamson, ex-BP CIO, has three new roles open—the first searches of his tenure at the foundation.
Hold On
This summer of mounting pressure over fees is just the first stage of a Great Private Equity Shakeout, predicts CIO's Editor-in-Chief Kip McDaniel.
Newsmakers
Would Seth Klarman Buy His Own Book?
A hedge fund billionaire, a $1,600 hardcover, and the cult of value investing.
Limited Partners Swell Ranks as PE Fee Battle Intensifies
An organization of private equity investors is the latest group to push for reform of the sector’s charging practices.
Texas Teachers Targets Co-Investments with London Office
The public pension giant is to open a three-person office in the UK capital in November.
SDCERA Hires its Insourcing Consultant as CEO
David Wescoe, who helped San Diego County's $10.6 billion fund transition from OCIO, will lead the organization he once advised.
Private Equity’s Most Demanding Customers
Investors expect significant outperformance and an improvement in alignment of interests from private assets, as debate over fee levels rages on.
UK Government Said to Target £30B Public Asset Pools
Initial talks over fundamental public pension investment changes have revealed the scale of politicians’ ambitions.
Ohio State Pension Names New CIO
The $91 billion public plan appointed Richard Shafer—OPERS’ interim-CIO since last October—to officially lead the fund.
Regulator Relaxes Dutch Deficit Rules
Underfunded pensions in the Netherlands will now be granted 12 years to recover, rather than 3.
Pensions to Save $18B from ‘Outdated’ Mortality Tables
Credit rating agency Moody’s says plan sponsors could save on contributions next year but warns they could be “kicking the can down the road”.
The End of Plan Sponsors
Most asset owners at Russell’s client conference support putting themselves out of a job, provided the right environment.