Trusted Insighthttp://thetrustedinsight.com/2017-10-09T11:41:04.104271-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
UK Pension Appoints UBS Asset Management For £11B Passive Brief
2017-10-09T11:41:04.104271-04:00https://www.thetrustedinsight.com/investment-news/lgps-access-appoints-ubs-asset-management-for-11bn-passive-brief-20171009785/
The Local Government Pension Scheme's Access pool has appointed UBS Asset Management to run the consolidated passive mandates for 11 administrating authorities.
10 Most Important Reads Of The Week - June 16, 2017
2017-06-16T12:19:48.358995-04:00https://www.thetrustedinsight.com/investment-news/10-most-important-reads-of-the-week-june-16-2017-20170616358/
<span style="font-size: 13px;">It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.</span>
After Shift To Passive Investing, Endowments Now Are Staying Put
2017-06-09T10:46:04.609989-04:00https://www.thetrustedinsight.com/investment-news/after-shift-to-passive-investing-endowments-now-are-staying-put-20170609216/
Endowments and foundations have turned to passive investments after hedge funds disappointed with high fees and poor performance. Now, the plan is to stay put for the next 12 months, according to a survey. More than 40 percent of business officers said they increased passive investment strategies in the past three years, according to the survey released June 5 by NEPC, a Boston-based consulting firm with 109 endowment and foundation clients with assets of $60 billion. More than 50 percent of 74 endowments and foundations questioned said they plan to maintain their strategy in the next year. NEPC polled business...
Yale Endowment Defends High Management Fees
2017-05-01T15:22:28.356702-04:00https://www.thetrustedinsight.com/investment-news/yale-endowment-defends-high-management-fees-20170501005/
While many pension funds are switching to passive investments to save money on fees, Yale University’s endowment has staunchly defended its actively managed investing strategy against so-called “fee bashers” in its most recent annual report.
Ontario Teachers' Pension Plan Favours Minds Over Machines
2017-03-29T18:32:18.887452-04:00https://www.thetrustedinsight.com/investment-news/ontario-teachers-pension-plan-favours-minds-over-machines-20170329994/
In an era when an increasing number of investors are embracing passive investments such as index funds, the Ontario Teachers’ Pension Plan is putting its faith in its people by allocating more capital to active investment strategies.
The Democratization Of Hedge Funds
2017-02-06T15:58:02.159685-05:00https://www.thetrustedinsight.com/investment-news/the-democratization-of-hedge-funds-20170206197/
The aura of mystery that surrounds hedge funds has allowed them to present their returns solely as a consequence of manager skill, or alpha. Recently, poor aggregate performance has challenged this p...
Inside The Hedge Fund Black Box
2017-01-30T17:16:44.235951-05:00https://www.thetrustedinsight.com/investment-news/inside-the-hedge-fund-black-box-20170130979/
It turns out that to a great extent hedge fund returns reward risks arising from exposure to known factors. Just as index investing rewards broad market exposure, so alternative beta will reward expo...
Private Equity Is Set To Grow Much Bigger
2016-11-16T10:59:05.588863-05:00https://www.thetrustedinsight.com/investment-news/private-equity-is-set-to-grow-much-bigger-20161116323/
The young investment class’ assets under management have increased to $4.3 trillion from a mere $30 billion when I started in this business in 1992. If current trends hold, momentum is about to rev up relative to passive investments like stocks.
Foundry Group Raising $500M 'Next' Fund For Later-Stage Tech Companies, Other VC Firms
2016-04-13T10:31:43.628034-04:00https://www.thetrustedinsight.com/investment-news/foundry-group-raising-500-million-for-next-fund-for-later-stage-tech-companies-20160413847/
Foundry Group, the Colorado-based venture capital firm known for its early investments in Fitbit and Zynga , is in the midst of raising $500 million for a new fund that will back both later-stage tech companies and other venture capital firms.
Family offices direct their own private equity investments
2015-10-30T17:49:40.336604-04:00https://www.thetrustedinsight.com/investment-news/family-offices-direct-their-own-private-equity-investments-20151030575/
Family offices represent a monumentally large, extremely savvy and extraordinarily potent investment force. Those specialized wealth management firms, which manage the money of individual families, are investing capital in more active, direct and creative ways. Private equity has become one very important arena.
Welsh pension funds to merge £3B passive equity holdings
2015-09-22T11:58:54.930744-04:00https://www.thetrustedinsight.com/investment-news/welsh-pension-funds-to-merge-passive-equity-holdings-20150922305/
As we mark seven years since the bankruptcy of Lehman Brothers this month, the blunt instrument of regulation still hangs over pension funds with respect to European derivatives trading...
How the World’s Biggest Stock Hedge Fund Stayed a Secret
2015-09-10T13:44:18.742893-04:00https://www.thetrustedinsight.com/investment-news/how-the-worlds-biggest-stock-hedge-fund-stayed-a-secret-moneybeat-20150910952/
The quiet Boston firm’s penchant for secrecy hardly makes it an outlier in the hedge-fund world. But its unusual practices do: Adage only collects its 20% performance fee if it beats the S&P 500 including dividends (a so-called hurdle)—and it refunds up to half the charge if it fails to keep pace in the subsequent year. Adage is perhaps more suitable to that sort of practice because Messrs. Atchinson and Gross at all points keep the portfolio fully “net-long,” with a heavy emphasis on long bets over shorts, and keep 100% exposure to the S&P’s rise and fall. Most hedge...
Super funds’ priorities reshaping passive managers
2015-08-12T15:04:27.699279-04:00https://www.thetrustedinsight.com/investment-news/super-funds-priorities-reshaping-passive-managers-20150812641/
Rowley has written about institutional investment in the UK and Australia for 14 years. Prior to joining Investment Magazine, he spent five years with Pensions Week in London, where he also regularly...
Boston Consulting Group: Asset-Manager Profits Reach Pre-Crisis Peak, But Challenges Loom
2015-07-08T10:46:42.483925-04:00https://www.thetrustedinsight.com/investment-news/boston-consulting-group-asset-manager-profits-reach-pre-crisis-peak-but-challenges-loom-20150708955/
Bull markets powered global assets under management to a record $74 trillion in 2014, an 8% increase, according to the Boston Consulting Group. It was the third consecutive year that the metric set a...
Changes to Australian Pay-for-visa Scheme will Force Wealthy to Invest in VC and PE
2015-05-14T11:56:56.896166-04:00https://www.thetrustedinsight.com/investment-news/changes-to-australian-pay-for-visa-scheme-will-force-wealthy-to-invest-in-vc-and-pe-20150514076/
"It is about to become harder for wealthy foreigners – mainly Chinese – to invest millions of dollars in Australian residential real estate or government bonds to buy the right to permanent residency."
Miami’s Habitribe Fund Seeks $50M Through Crowdfunding for Real Estate Investment
2015-04-27T20:30:11.947455-04:00https://www.thetrustedinsight.com/investment-news/miamis-habitribe-fund-seeks-50m-through-crowdfunding-for-real-estate-investment-20150427893/
Miami-based Habitribe Fund I has launched on the SBREfunds.com crowdfunding market place with the goal of raising $50 million....
Advisors Search for Yield, Private Equity May Be the Answer
2015-04-08T11:02:34.573483-04:00https://www.thetrustedinsight.com/investment-news/advisors-search-for-yield-private-equity-maybe-the-answer-20150408679/
"Advisers know they need to look further afield for yield and alpha. Use of alternative assets such as real estate, infrastructure and hedge funds is growing, and with it so are new, innovative approaches to expand the use of private equity within investor portfolios."
Investors Pour Money into European Stocks, No Sign of Slowing
2015-04-08T10:59:20.047669-04:00https://www.thetrustedinsight.com/investment-news/investors-pour-money-into-european-stocks-no-sign-of-slowing-20150408678/
"TrimTabs Investment Research calculated a record $7.8 billion worth of inflows into European-focused equity exchange-traded funds last month, even though some of the funds have suffered from the performance drag caused by a surging U.S. dollar."
M&A Flat as Buyers Get Picky
2015-04-01T10:56:06.597253-04:00https://www.thetrustedinsight.com/investment-news/ma-flat-as-buyers-get-picky-20150401609/
"Acquisitions among registered investment advisers was flat last year, as buyers have become disillusioned about bringing new firms under their umbrella... The total number of deals the custodian tracked last year was 54, the same as 2013 and just slightly above the average of 51"
Hedge Funds: Don’t Call Us a ‘Hedge Fund’
2015-03-29T20:18:55.569246-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-dont-call-us-a-hedge-fund-20150329563/
Grappling with years of uneven performance, image problems and deep-pocketed clients who have publicly distanced themselves from the industry, hedge-fund managers are taking pains to avoid the monike...
Northwestern Mutual purchases LearnVest
2015-03-26T11:40:51.489872-04:00https://www.thetrustedinsight.com/investment-news/northwestern-mutual-purchases-learnvest-20150326545/
Northwestern Mutual Wednesday announced it will acquire LearnVest, an online advice platform that also provides one-on-one financial counseling through financial advisers.
As part of the deal, Northwestern Mutual will be bringing on 1.5 million LearnVest users, plus 25,000 clients through LearnVest at Work, a year-old program where the company works directly with employers to provide financial planning services to employees. LearnVest also has 10,000 premium clients, and a total of 150 employees working out of New York and Arizona.
$6 billion RIA Mercer sold in PE deal
2015-03-25T15:35:53.552521-04:00https://www.thetrustedinsight.com/investment-news/6-billion-ria-mercer-sold-in-pe-deal-20150325532/
As the market hits new highs, registered investment advisers bought five to seven years ago by private equity firms are starting to look ripe.
That's the case for Mercer Global Advisors Inc., a large Santa Barabara, Calif.-based RIA with $6 billion in assets under management. A deal was announced Wednesday in which its private-equity owner, Lovell Minnick Partners sold the firm to Genstar Capital, another middle-market private equity firm.
Mercer, a fee-only firm with 15 offices nationwide, had approximately $4 billion in assets under management when it was acquired in May 2008, according to Jeffrey Lovell, chairman of Lovell Minnick Partners. That number dropped to as low as $3 billion after the 2008 financial crisis that started later that year, according to Mr. Lovell.
Exclusive: F-Squared Investments cutting 25% of staff
2015-03-19T11:22:53.905503-04:00https://www.thetrustedinsight.com/investment-news/exclusive-f-squared-investments-cutting-25-of-staff-20150319491/
F-Squared Investments Inc., the largest ETF-based portfolio builder, is cutting up to 25% of its workforce Thursday as the firm reels from an admission it misled investors about its performance, a source with knowledge of the plans told InvestmentNews. The 40 layoffs across the 161-staff firm come three months after the money manager publicly admitted to touting a false track record in its “AlphaSector” strategy and agreed to pay $35 million to settle the charges.
Does Active Management Benefit Endowment Returns?
2014-04-22T13:04:53.362937-04:00https://www.thetrustedinsight.com/investment-news/6885-does-active-management-benefit-endowment-returns-20140422885/
We find that active management for endowments is significantly positively related to higher returns net of fees from U.S. equity allocations over the evaluation period. In addition, endowments with CIOs or OCIOs are better able to earn incremental positive returns from active management than those without. Larger endowments are better able to earn incremental positive returns from active management than the smallest endowments but the effect appears to diminish as endowments increase in size.
Firefighters' Retirement System of Louisiana seeks GTAA manager
2013-07-10T15:16:57.488367-04:00https://www.thetrustedinsight.com/investment-news/729-firefighters-retirement-system-of-louisiana-seeks-gtaa-manager-20130710729/
The Firefighter's Retirement System is soliciting proposals from Global Tactical Asset Allocation managers. The System's total allocation to the selected manager will be approximately $60 million...
Pension Fund Takes Neighborly Advice - WSJ.com
2013-06-25T11:25:28.158643-04:00https://www.thetrustedinsight.com/investment-news/463-pension-fund-takes-neighborly-advice-wsjcom-20130625463/
Montgomery County, Pa., troubled by its pension fund's investment fees and recent performance, turned to a neighbor, Vanguard Group founder John C. Bogle, for advice. His take: Park money in low-cost ...