Alternatives
Oregon’s CIO Prepares ‘Snarky Remark’ to Defend Millions in Fees to Fund Managers
Skjervem says the state would be billions of dollars worse off if not for these funds.
News Archive: Mar - 2019
Newsmakers
Bridgewater Makes a Bold Bet on Brazil
Ray Dalio’s mammoth hedge fund thinks the debt-stricken land’s growth will be the ‘strongest in the world’ in 2020.
Rubicon Shutting Down 20-Year-Old Flagship Fund
Paul Brewer’s baby suffered from tumultuous volatility in recent years.
CalPERS Investment Committee Approves Private Equity Plan at Urging of the CIO
New CIO Ben Meng says system can’t access ‘private equity exposure on the scale that we need.’
Newsmakers
Register for the 2019 CIO Summit
Annual two-day event to feature hot-button discussions from the world’s leading asset owners.
CalPERS Approves New Private Equity Investment Organizations
The pension system would invest up to $20 billion in direct style private equity investments, but it’s unclear when the plan could start.
Newsmakers
Brown University Settles ERISA Class Action Suit for $3.5 Million
Complaint alleged excessive fees cost 403(b) participants millions.
Regulation
Vending Machine Owner Indicted for Embezzling from Employee Pension
Howard Preschel allegedly claimed the plan’s money belong to him, not his workers.
Market Moves
The Betting on the Fed This Week
An end to its rate raising and bond buying may be at hand, forecasters say.
Newsmakers
Mubadala Suspends Future Goldman Ventures Due to 1MDB Scandal
Abu Dhabi fund awaits the outcome of lawsuit tied to Malaysian corruption case.
Corporate Moves
Tiger Private Equity Head to Exit in June
Low-key investor Lee Fixel reaped big winnings from Flipkart, Spotify bets.
People Moves Roundup
Rockefeller gets its first ESG head, Standard Life Investments makes a bevy of board changes, and more.
Corporate Moves
Head of Iceland’s Largest Pension Fund Resigns
Haukur Hafsteinsson to step down after 34 years with Government Employees Pension Fund.
Newsmakers
Brazilian Lawmakers May Trim President’s Pension Overhaul Plan
Economy minister is worried about Congress passing a diluted’ version.
Earnings Recession Ahead: Maybe Not
Analysts’ consensus is for a drop in first quarter profits, but a tepid recovery for the rest of 2019.