Trusted Insighthttp://thetrustedinsight.com/2016-09-08T10:28:15.953073-04:00Trusted 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.
Norway’s Wealth Fund Dumps Duke Energy on Environmental Risk
2016-09-08T10:28:15.953073-04:00https://www.thetrustedinsight.com/investment-news/norways-wealth-fund-dumps-duke-energy-on-environmental-risk-20160908803/
Norway’s $900 billion sovereign wealth fund, the world’s biggest, excluded Duke Energy Corp. and some units from its investments because of a risk of “severe environmental damage.”
The executive board of Norges Bank, which oversees the fund, decided to exclude the largest U.S. utility owner by market value and its wholly-owned subsidiaries Duke Energy Carolinas LLC, Duke Energy Progress LLC, and Progress Energy Inc. after an April 5 recommendation from its Ethics Council, Norges Bank Investment Management said in a statement on Wednesday.
Pollution Woes Prompt Pension Fund to Dump Duke Energy Stock
2016-09-08T10:05:12.764391-04:00https://www.thetrustedinsight.com/investment-news/pollution-woes-prompt-pension-fund-to-dump-duke-energy-stock-20160908801/
One of the world's largest investment funds is dumping its shares in Duke Energy Corp. because it sees too much risk in what it called the largest U.S. electric company's history of environmental damage, the fund's managers announced Wednesday.
Southern Methodist Hires CIO to Oversee $1.5 Billion Endowment
2016-09-08T10:03:07.907821-04:00https://www.thetrustedinsight.com/investment-news/southern-methodist-hires-cio-to-oversee-15-billion-endowment-20160908800/
Southern Methodist University hired Rakesh Dahiya from the University of Florida to oversee an investment portfolio of $1.5 billion.
Dahiya, who oversaw hedge funds as well as equity and fixed-income strategies at the University of Florida Investment Management Corp. since 2011, will take over as Southern Methodist’s chief investment officer and treasurer on Sept. 12, the Dallas-based school said Wednesday in a statement. He previously worked for Washington University in St. Louis.
Exclusive Q&A: Sam Masoudi, Chief Investment Officer, Wyoming Retirement System
2016-05-12T11:16:27.147475-04:00https://www.thetrustedinsight.com/investment-news/sam-masoudi-chief-investment-officer-wyoming-retirement-system-exclusive-qa-20160512351/
Sam Masoudi<span style="line-height: 20.8px;"> is the chief investment officer at </span>Wyoming Retirement System<span style="line-height: 20.8px;">, which consists of eight defined benefit pension funds with a total of $7.3 billion in assets under management. Masoudi was recently named to Trusted Insight’s ranked list of the </span>Top 30 Pension Fund Chief Investment Officers<span style="line-height: 20.8px;">.</span>
Exclusive Q&A: Robert Maynard, Chief Investment Officer, Public Employees' Retirement System Of Idaho
2016-05-03T12:40:07.332597-04:00https://www.thetrustedinsight.com/investment-news/robert-maynard-chief-investment-officer-public-employees-retirement-system-of-idaho-exclusive-qa-20160503701/
<span style="line-height: 20.8px;">Robert Maynard is the chief investment officer for the Public Employees' Retirement System of Idaho. Mr. Maynard was recently named to Trusted Insight’s ranked list of the </span><a href="https://www.thetrustedinsight.com/rankings/top-30-pension-fund-chief-investment-officers/" style="line-height: 20.8px;" target="_blank">Top 30 Pension Fund Chief Investment Officers</a><span style="line-height: 20.8px;">.</span>
Exclusive Q&A: Betty Tse, CIO Of Alameda County Employees Retirement Association
2016-04-22T10:42:49.231095-04:00https://www.thetrustedinsight.com/investment-news/betty-tse-cio-of-alameda-county-employees-retirement-association-exclusive-qa-20160422134/
<p dir="ltr">Betty Tse is the chief investment officer at Alameda County Employees Retirement Association (ACERA) in California, overseeing the investment activities of the pension system’s $6.7 billion of assets under management.</p>
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Exclusive Q&A: Jonathan Grabel, CIO, Public Employees Retirement Association Of New Mexico
2016-04-20T12:15:32.601256-04:00https://www.thetrustedinsight.com/investment-news/jonathan-grabel-cio-public-employees-retirement-association-of-new-mexico-exclusive-qa-20160420093/
Jonathan Grabel is the chief investment officer at Public Employees Retirement Association of New Mexico managing a pension fund with $14.5 billion assets under management. Mr. Grabel was recently named to Trusted Insight’s ranked list of the Top 30 Pension Chief Investment Officers. He graciously spoke with Trusted Insight on January 22, 2016.
Trusted Answers: How Can We Improve Gender Equality In Institutional Investing?
2016-04-13T11:00:03.735492-04:00https://www.thetrustedinsight.com/investment-news/trusted-answers-how-can-we-improving-gender-equality-in-institutional-investing-20160413856/
<span style="line-height: 20.8px;">When it comes to tackling the gender gap and engaging more women to consider a career in institutional investing, some of the institutional investors we spoke to cited areas where improvements could be made in getting women interested in finance and then enticing them to stay.</span>
CalSTRS To Increase Real Estate Allocation By 1%
2016-04-06T16:25:50.737236-04:00https://www.thetrustedinsight.com/investment-news/calstrs-to-increase-real-estate-allocation-by-1-20160406682/
The California State Teachers Retirement System (CalSTRS) is looking to increase its target allocation to real estate from 13% to 14%.
Trusted Answers: How Do You Build The Ideal Culture In An Investment Team?
2016-04-06T11:44:55.348364-04:00https://www.thetrustedinsight.com/investment-news/trusted-answers-how-do-you-build-the-ideal-culture-in-an-investment-team-20160406680/
<p>Perfecting and maintaining a “good” culture is a careful balancing act that can reap significant returns when accomplished, or lead to disastrous consequences if left unkempt. We interviewed over 40 institutional investors, here are some of their Trusted Answers on how to build the ideal culture in an investment team.</p>
Exclusive Q&A: Bob Jacksha, Chief Investment Officer, New Mexico Educational Retirement Board
2016-04-05T13:34:41.201733-04:00https://www.thetrustedinsight.com/investment-news/bob-jacksha-chief-investment-officer-new-mexico-educational-retirement-board-exclusive-qa-20160405646/
<span style="line-height: 20.8px;">Bob Jacksha is the chief investment officer for New Mexico Educational Retirement Board, a pension fund with $11 billion assets under management. Jacksha was recently named to Trusted Insight’s ranked list of the </span>Top 30 Pension Chief Investment Officers<span style="line-height: 20.8px;">. He graciously spoke with Trusted Insight on January 29, 2016.</span>
Exclusive Q&A: Christopher Ailman, Chief Investment Officer At California State Teachers’ Retirement System
2016-03-29T10:31:19.644478-04:00https://www.thetrustedinsight.com/investment-news/christopher-ailman-chief-investment-officer-at-california-state-teachers-retirement-system-exclusive-qa-20160329355/
<span style="line-height: 20.8px;">Christopher Ailman is the chief investment officer of California State Teachers’ Retirement System (CalSTRS). Ailman was recently named to Trusted Insight’s ranked list of the Top 30 Pension Fund Chief Investment Officers. He graciously spoke to Trusted Insight on January 26, 2016. </span>
Exclusive Q&A: Girard Miller, CIO Of Orange County Employees Retirement System
2016-03-22T11:59:16.464669-04:00https://www.thetrustedinsight.com/investment-news/girard-miller-cio-of-orange-county-employees-retirement-system-exclusive-qa-20160322009/
Girard Miller is the chief investment officer of Orange County Employees Retirement System, a defined benefit pension with $12 billion in assets under management. Miller was recently named to Trusted Insight's ranked list of the Top 30 Pension Chief Investment Officers.
Exclusive Q&A: Jeremy Wolfson, CIO At Los Angeles Water and Power Employees' Retirement Plan
2016-03-10T11:25:11.552677-05:00https://www.thetrustedinsight.com/investment-news/jeremy-wolfson-cio-at-los-angeles-water-and-power-employees-retirement-plan-exclusive-qa-20160310290/
Jeremy Wolfson, chief investment officer, currently manages the investment section of the $12 billion Los Angeles Water and Power Employees' Retirement Plan. He graciously spoke with Trusted Insight on January 19, 2016.
Exclusive Q&A: Dhvani Shah, CIO At The Illinois Municipal Retirement Fund
2016-03-03T10:57:33.265094-05:00https://www.thetrustedinsight.com/investment-news/dhvani-shah-cio-at-the-illinois-municipal-retirement-fund-exclusive-qa-20160303867/
<span style="line-height: 20.8px;">Ms. Dhvani Shah, CFA, is the chief investment officer of the Illinois Municipal Retirement Fund, a pension fund with $34.9 billion assets under management. Ms. Shah was recently named to Trusted Insight’s ranked list of the </span>Top 30 Pension Fund Chief Investment Officers<span style="line-height: 20.8px;">. She graciously spoke with Trusted Insight on January 28, 2016.</span>
Schwark Satyavolu Joins Trinity Ventures As General Partner For Fintech
2016-02-21T10:00:27.763438-05:00https://www.thetrustedinsight.com/investment-news/schwark-satyavolu-joins-trinity-ventures-as-general-partner-for-fintech-20160221313/
Serial entrepreneur, advisor, and investor Schwark Satyavolu will join Silicon Valley investment firm Trinity Ventures. He will be taking care of fintech, a subject matter in which he has impressive experiences. Trinity Ventures will invest in new deals with its $400 million fund closed in November 2015 with the help and advise from Mr. Satyavolu.
Shasta Expands Investment Team With New MD Doug Pepper
2016-02-14T10:00:12.883743-05:00https://www.thetrustedinsight.com/investment-news/shasta-expands-investment-team-with-new-md-doug-pepper-20160214023/
California-based venture capital firm Shasta Ventures has expanded its investment team with the addition of Doug Pepper.
Shasta Ventures Adds Doug Pepper As A Managing Partner To Focus On Application Startups
2016-02-11T17:30:19.415329-05:00https://www.thetrustedinsight.com/investment-news/shasta-ventures-adds-doug-pepper-as-a-managing-partner-to-focus-on-application-startups-20160211916/
<a href="http://www.shastaventures.com/">Shasta Ventures</a> announced today that venture capitalist <a href="http://www.interwest.com/partners/doug-pepper">Doug Pepper</a> has joined the early-stage investment firm as a managing partner.
Ff Venture Capital Announces New Strategic Hire, Promotes Seven, And Adds To Portfolio
2016-02-10T15:00:13.547606-05:00https://www.thetrustedinsight.com/investment-news/ff-venture-capital-announces-new-strategic-hire-promotes-seven-and-adds-to-portfolio-20160210854/
“We’re pleased to welcome Andrew to lead the communications function at our firm and help drive awareness of our portfolio companies,” said John Frankel, ffVC’s founding partner.
Silicon Valley Accelerator Hires First African-American Venture Partner
2016-02-10T14:00:20.800341-05:00https://www.thetrustedinsight.com/investment-news/silicon-valley-accelerator-hires-first-african-american-venture-partner-20160210845/
Monique Woodard, executive director of Black Founders, has joined 500 Startups as the Silicon Valley accelerator’s first African-American venture partner.
Benchmark’s New General Partner: Scott Belsky
2016-02-09T12:30:11.683339-05:00https://www.thetrustedinsight.com/investment-news/benchmarks-new-general-partner-scott-belsky-20160209746/
The partners at Benchmark are delighted to announce that <a href="https://twitter.com/scottbelsky" target="_blank">Scott Belsky</a> has joined the firm as our newest general partner.
Yahoo Loses Mobile Entrepreneur Arjun Sethi To Venture Firm
2016-02-07T15:30:18.214524-05:00https://www.thetrustedinsight.com/investment-news/yahoo-loses-mobile-entrepreneur-arjun-sethi-to-venture-firm-20160207657/
Arjun Sethi, who sold mobile messaging startup MessageMe to Yahoo in 2014, said he plans to leave the Internet company to become an investing partner at venture-capital firm Social Capital Partnership.
Pritzker Group Venture Capital Adds RetailMeNot Head Of Mobile To Team
2016-02-05T11:30:19.513074-05:00https://www.thetrustedinsight.com/investment-news/pritzker-group-venture-capital-adds-retailmenot-head-of-mobile-to-team-20160205550/
Based in Pritzker Group Venture Capital’s Chicago office, Nagar is a successful technology entrepreneur bringing dynamic experience across mobile, digital media, product development, marketing and engineering.
Unitus Names Former Mckinsey Veteran Aditya Sharma As Venture Partner
2016-02-03T15:00:19.529840-05:00https://www.thetrustedinsight.com/investment-news/unitus-names-former-mckinsey-veteran-aditya-sharma-as-venture-partner-20160203448/
Unitus Seed Fund, a $23 million social impact fund, has appointed former Mckinsey and eVentures veteran Aditya Sharma as venture partner.
Oak HC/FT Names Senior Advisor Heller As Venture Partner
2016-02-02T14:00:22.756207-05:00https://www.thetrustedinsight.com/investment-news/oak-hcft-names-senior-advisor-heller-as-venture-partner-20160202364/
Healthcare and fintech-focused early stage investment firm Oak HC/FT has named senior advisor Michael Heller as a venture partner at the firm.
BBVA head of investment Fernando Aguado appointed CIO at Fonditel
2015-07-27T10:47:07.814308-04:00https://www.thetrustedinsight.com/investment-news/bbva-head-of-investment-fernando-aguado-appointed-cio-at-fonditel-20150727313/
Fernando Aguado, former head of investment and institutional asset allocation at BBVA, has been appointed CIO at Fonditel, asset manager for the pension fund of Spanish telecoms giant Telefónica.
BlackRock's Plackett to retire from fund management
2015-07-23T17:43:05.924662-04:00https://www.thetrustedinsight.com/investment-news/blackrocks-plackett-to-retire-from-fund-management-20150723275/
BlackRock's Richard Plackett, former head of the UK Small and Mid Cap equities team and co-manager of the £1.4bn UK Special Situations fund, is to retire from fund management after 25 years.
LBO France names CIO and two new members of Executive Board
2015-07-23T17:34:25.610878-04:00https://www.thetrustedinsight.com/investment-news/lbo-france-names-two-new-members-of-executive-board-and-cio-20150723274/
LBO France has appointed Stéphanie Casciola, Head of Real Estate team, and Jacques Franchi, Head of Portfolio Management team, as Members of the Executive Board, and Jacques Franchi as Chief Investment Officer, in charge of overall investment procedures.
CalSTRS enlists Meketa as private equity consultant
2015-06-15T18:38:57.949065-04:00https://www.thetrustedinsight.com/investment-news/calstrs-enlists-meketa-as-private-equity-consultant-20150615541/
PCA’s contract was set to expire June 30, but it was extended until Sept. 30 to allow for the transition....
Dahab Associates, Inc. Searches on behalf of Pension Clients
2014-09-25T14:31:46.778223-04:00https://www.thetrustedinsight.com/investment-news/dahab-associates-inc-searches-on-behalf-of-pension-clients-20140925213/
Dahab Associates welcomes all managers to submit products for our open searches. Almost all of our searches are conducted through this website. Searches are generally posted for about a month. Please...
CSU Pomona Meeting
2014-08-20T11:55:46.791409-04:00https://www.thetrustedinsight.com/investment-news/8716-csu-pomona-meeting-20140820716/
The California State University Bakersfield Chico Channel Islands Dominguez Hills East Bay Fresno Fullerton Humboldt Long Beach Los Angeles Maritime Academy Monterey Bay Northridge Pomona Sacramento S...
CIC’s Head of PE Prefers Value Creation to Financial Engineering
2014-07-15T10:48:29.121112-04:00https://www.thetrustedinsight.com/investment-news/8322-cics-head-of-pe-prefers-value-creation-to-financial-engineering-20140715322/
Linbo He, head of private equity for sovereign wealth fund
China Investment Corp., told attendees at the Private Equity
International Value Creation Forum in Shanghai yesterday that
he prefers to allocate assets to buyout firms that deliver
profits by making operational improvements instead of using
leverage.
SWFs Explore New Outsourcing Strategies
2014-07-14T12:47:10.573306-04:00https://www.thetrustedinsight.com/investment-news/8314-swfs-explore-new-outsourcing-strategies-20140714314/
Spurred by the need to be sharper and faster investors in the aftermath of the global financial crisis, a growing number of sovereign wealth funds are outsourcing large chunks of their portfolios to external CIOs in the hope of picking up new ideas. Alaska Permanent Fund Corp. (APFC), the state's $51.1 billion oil fund, has led the way, laying down a model borrowed from the corporate pension fund world and adapted for sovereign wealth management.
University of Cincinnati Endowment Uses Passive/Active Blend
2014-07-14T12:39:49.824839-04:00https://www.thetrustedinsight.com/investment-news/8310-university-of-cincinnati-endowment-uses-passiveactive-blend-20140714310/
An endowment investment program cannot avoid or extinguish risk; rather, it must choose among risks. If we avoid market risk, then the odds we will fulfill the permanent missions of the endowments drop to zero. With negative or zero real returns, spending and inflation reduce an endowment’s buying power with frightening speed. If we have 9 percent spending plus inflation and we invest in T-bills, it only takes about eight years to cut the endowment’s buying power in half.
Illinois State Board of Investment Terminates William Blair for Bad Performance
2014-07-11T10:28:53.102624-04:00https://www.thetrustedinsight.com/investment-news/8280-illinois-state-board-of-investment-terminates-william-blair-for-bad-performance-20140711280/
The Illinois State Board of Investment terminated a US$ 580 million active U.S. midcap growth equities mandate being managed by Chicago-based William Blair & Co. William R. Atwood, executive directo...
Industry Spotlight: Government Contracting Trends In Institutional Investing
2014-07-07T09:16:09.409597-04:00https://www.thetrustedinsight.com/investment-news/8198-industry-spotlight-government-contracting-trends-in-institutional-investing-20140707198/
Our data revealed that, while defined benefit plans are still dominant in both volume of mentions and project opportunities by state and local agencies, defined contribution mentions and opportunities are exhibiting far higher growth rates, indicating the evaluation and adoption of DC plans is becoming more widespread across our nation's government agencies.
Fort Lauderdale Pension Look to Opportunistic Hedge Funds
2014-06-30T14:30:06.222957-04:00https://www.thetrustedinsight.com/investment-news/8112-fort-lauderdale-pension-look-to-opportunistic-hedge-funds-20140630112/
The Fort Lauderdale Police & Fire Retirement System is looking to add opportunistic hedge funds to its portfolio. According to a report from Pensions & Investments, the “$779 million pension fund currently has a single fund-of-funds manager.” The manager has a $38 million allocation from the pension fund.
Recent Survey Shows Japanese Corporate Pensions Investing More in Alternatives
2014-06-30T13:29:44.961882-04:00https://www.thetrustedinsight.com/investment-news/8109-recent-survey-shows-japanese-corporate-pensions-investing-more-in-alternatives-20140630109/
More Japanese corporate pension funds are turning to alternatives to help meet meeting their financial obligations. At the start of FY2011, alternatives represented 8.1% of corporate pension portfol...
Norway SWF will ramp up emerging markets and real estate investments through 2016
2014-06-30T11:38:20.960074-04:00https://www.thetrustedinsight.com/investment-news/8098-norway-swf-will-ramp-up-emerging-markets-and-real-estate-investments-through-2016-20140630098/
the fund will be given broader exposure to growth in the global economy so that we can safeguard its international purchasing power for future generations. In the coming years, the fund will invest in more markets and step up its real estate investments
Oklahoma Firefighters Okay a Slew of Money Managers
2014-06-20T12:16:29.898132-04:00https://www.thetrustedinsight.com/investment-news/7989-oklahoma-firefighters-okay-a-slew-of-money-managers-20140620989/
ROBERT JONES/APPROVAL OF THE FOLLOWING CONTRACTS: <br />
<br />
Money Managers
<ul>
<li>Angelo Gordon </li>
<li> Ardian </li>
<li> Aronson & Partners </li>
<li> Azul Holdco </li>
<li> Brandywine Asset Management </li>
<li> Capital Dynamics </li>
<li> Chautauqua Asset Management </li>
<li> Clarivest Asset Management LLC </li>
<li> Delaware Investments </li>
<li> Dune </li>
<li> Earnest Partners </li>
<li> Fred Alger </li>
<li> Garcia Hamilton & Associates </li>
<li> Hall Capital </li>
<li> Herndon Capital Management </li>
<li> INTECH </li>
<li> JP Morgan </li>
<li> Landmark </li>
<li> Lord Abbett </li>
<li> Medley </li>
<li> Mesirow </li>
<li> Orleans </li>
<li> Pomona Capital </li>
</ul>
Portfolio Advisors
<ul>
<li> Real Estate Fund III </li>
<li> Real Estate Fund IX </li>
<li> Real Estate Fund V </li>
<li> Private Advisors, LLC </li>
<li> River Road Asset Management </li>
<li> State Street Global Advisors </li>
<li> TA Associates </li>
<li> Realty Associates Fund VII </li>
<li> Realty Associates Fund IX </li>
<li> Wasatch Advisors </li>
<li> WCM Investment Management </li>
</ul>
<br />
Other Professionals
<ul>
<li> Bogdahn Group </li>
<li> Robert Palesano </li>
<li> Buck Consultants </li>
</ul>
Legal
<ul>
<li> Phillips Murrah </li>
<li> Davis, Graham & Stubbs </li>
</ul>
Accounting/Auditing/Custody
<ul>
<li> Finley & Cook </li>
<li> Crawford & Associates </li>
<li> State Street Bank </li>
</ul>
UVA, NYU Look to Global Venture Capital
2014-06-19T15:43:20.383505-04:00https://www.thetrustedinsight.com/investment-news/7974-uva-nyu-look-to-global-venture-capital-20140619974/
Of more than 5,300 limited partners already actively invested in private equity, Preqin found 59% have displayed a preference for, or have previously committed to, venture capital funds.
Pennsylvania SERS Adds $50M to Meritech Capital, JMI
2014-06-13T16:24:58.674871-04:00https://www.thetrustedinsight.com/investment-news/7870-pennsylvania-sers-adds-50m-to-meritech-capital-jmi-20140613870/
On June 11, the Harrisburg, Pa.-based retirement system Board agreed to invest up to $25 to each private investment management firm, according to a summary provided by SERS spokeswomen Pamela Hile ....
Texas Retirement System is making cuts to Global Equity, Hedge Funds, Public Equity, increasing Private Equity and Real Assets
2014-06-13T15:52:33.390311-04:00https://www.thetrustedinsight.com/investment-news/texas-retirement-system-is-making-cuts-to-global-equity-hedge-funds-public-equity-increasing-private-equity-and-real-assets-20140613869/
The retirement system plans to Increase Illiquidity (private equity and real assets) by 5%, with potential for additional alpha in manager selection.
Oregon State Investment Council Commits $125 million to Och-Ziff Real Estate Fund III
2014-06-10T16:09:48.379273-04:00https://www.thetrustedinsight.com/investment-news/oregon-state-investment-council-commits-125-million-to-och-ziff-real-estate-fund-iii-20140610798/
Staff and PCA recommend approval of a $125 million commitment to Och-Ziff Real Estate Fund III, L.P. (the “Fund”) for the OPERF Real Estate Portfolio, subject to satisfactory completion of all legal negotiations with Staff working in concert with Department of Justice personnel.
Milwaukee Pension Narrows Maiden Hedge Fund Search To Three
2014-06-09T10:24:31.779015-04:00https://www.thetrustedinsight.com/investment-news/7766-milwaukee-pension-narrows-maiden-hedge-fund-search-to-three-20140609766/
Corbin Capital Partners, Lighthouse Investment Partners and UBS Alternative and Quantitative Investments are the finalists for the $100 million mandate.
Texas Pension Divests from BlackRock
2014-06-09T10:08:51.287279-04:00https://www.thetrustedinsight.com/investment-news/7765-texas-pension-divests-from-blackrock-20140609765/
The pension fund’s executive director and chief investment officer, Joelle Mevi, told Pensions & Investments that it has requested to liquidate its $12.5 million investment in BlackRock’s global macro strategy. The reason for redemption was not disclosed.
NY State Common Earmarks $500 for Emerging Real Estate Managers
2014-06-04T17:24:14.065806-04:00https://www.thetrustedinsight.com/investment-news/7729-ny-state-common-earmarks-500-for-emerging-real-estate-managers-20140604729/
The pension fund will target companies that have been in business for less than 12 years, have up to $1bn in assets under management and have not raised more than three institutional funds.
Olin College's endowment has Lost $120.4 million in value since 2008
2014-05-30T15:56:29.886804-04:00https://www.thetrustedinsight.com/investment-news/7658-olin-colleges-endowment-has-lost-1204-million-in-value-since-2008-20140530658/
Built from scratch with hundreds of millions of dollars from a private foundation and a commitment to charging no tuition, 12-year-old Olin has attracted standout faculty, even though it does not give tenure. Top companies recruit its high-achieving students, who graduate at enviable rates into jobs with above-average starting salaries. Behind the accolades, however, Olin has been bleeding red ink.
Hedge funds could raise up to $70 bln from Asia-Pac investors
2014-05-30T14:20:53.410187-04:00https://www.thetrustedinsight.com/investment-news/7656-hedge-funds-could-raise-up-to-70-bln-from-asia-pac-investors-20140530656/
Hedge funds could raise up to $70 billion from investors in the Asia Pacific region over the next three years, half of it in new capital, Barclays said in a survey on Tuesday.
New Mexico Educational Retirement Board's fund experienced a net investment gain of $1.03bn between 3/2013 and 3/2014
2014-05-23T12:44:36.988065-04:00https://www.thetrustedinsight.com/investment-news/7541-new-mexico-educational-retirement-boards-fund-experienced-a-net-investment-gain-of-103bn-between-32013-and-32014-20140523541/
The Fund has produced more return per unit of risk taken over this period than 87% of its peers. Hat tip to Pinnacle and Lord Abbett, which have returned 27.7% and 18.1%, respectively, since receiving initial capital. No hat tip for managers in the the Non US Emerging Markets Equity portfolio, which has a 5 year return of -5.19%.
New Mexico Educational Retirement Board to Hire Five Point Capital to Manage Real Assets
2014-05-23T12:37:31.123455-04:00https://www.thetrustedinsight.com/investment-news/7540-new-mexico-educational-retirement-board-to-hire-five-point-capital-to-manage-real-assets-20140523540/
The board will invest in Five Point's Midstream Fund II. Collectively, the board's Real Assets portfolio has returned -1.3% since July of 2008.
Chicago Growth Partners Returning $75 Mn to Minnesota State Board of Investment
2014-05-23T12:10:20.897242-04:00https://www.thetrustedinsight.com/investment-news/7539-chicago-growth-partners-returning-75-mn-to-minnesota-state-board-of-investment-20140523539/
Chicago Growth Partners has decided to stop raising its third private equity fund and instead will pursue a different structure to invest capital in small growth companies, according to a memo the firm sent to limited partners.
Hawaii Employees' Retirement Troubled by Effects of Macquarie's Org Change
2014-05-23T12:01:34.448551-04:00https://www.thetrustedinsight.com/investment-news/hawaii-employees-retirement-troubled-by-effects-of-macquaries-org-change-1-20140523538/
The board will be meeting with Macquarie to investigate the effects of the firm's organizational change.
City of Tampa Boots Victory Capital from International Small Cap
2014-05-23T11:19:55.048104-04:00https://www.thetrustedinsight.com/investment-news/7537-city-of-tampa-boots-victory-capital-from-international-small-cap-20140523537/
ACG recommended the termination of the dedicated International Small Cap manager Victory and
the reallocation of the assets currently invested with Victory among the other managers in
accordance with the revised strategic policy level targets. This recommendation was approved
by the Board.
GE Pension Bought $420,091,000 worth of Baidu stock this quarter
2014-05-23T11:03:15.524826-04:00https://www.thetrustedinsight.com/investment-news/7535-ge-pension-bought-420091000-worth-of-baidu-stock-this-quarter-20140523535/
The world's fifth-most popular website just got a little richer.
Minnesota Board of Investments Is Not a Fan of Urban Outfitters' Human Rights Record
2014-05-23T10:47:22.590402-04:00https://www.thetrustedinsight.com/investment-news/7533-minnesota-board-of-investments-is-not-a-fan-of-urban-outfitters-human-rights-record-20140523533/
Shareholders will be discussing a proposal regarding the fashion company's human rights record at today's voting proxy meeting.
Montana Board of Investments Switches Up Its Buyout Strategy, Commits to Trilantic Energy Parters and GI Partners
2014-05-23T10:39:00.073834-04:00https://www.thetrustedinsight.com/investment-news/montana-board-of-investments-switches-up-its-buyout-strategy-commits-to-trilantic-energy-parters-and-gi-partners-20140523532/
The board's $1.127bn private equity pool will stop investing in corporate buyout funds and start investing in distressed, for control, special situations, and co-investment funds. They are increasing buyout policy range from 40-75% to 50-80%.
Ontario Teachers' Pension Plan Aims to Almost Double Asia-Pacific Assets by 2017
2014-05-19T10:29:34.001286-04:00https://www.thetrustedinsight.com/investment-news/7434-ontario-teachers-pension-plan-aims-to-almost-double-asia-pacific-assets-by-2017-20140519434/
In Asia-Pacific, its largest investment is a US$2.3-billion co-investment with Hastings Funds Management in a New South Wales desalination plant in 2012. It invested a combined HK$1.3 billion in Macau casino and hotel developer Louis XIII last year, according to Dealogic.
Yale Endowment Quadruples Vanguard ETF Shares
2014-05-16T12:38:11.356759-04:00https://www.thetrustedinsight.com/investment-news/7404-yale-endowment-quadruples-vanguard-etf-shares-20140516404/
According to a 13-F filed by CIO David Swenson on Thursday, the University purchased 2.46 million shares of Vanguard FTSE Emerging Markets ETF in Q12014. Previously, it held 686,000 shares.
University of Michigan Seeks Co-Investment with Lime Rock Partners
2014-05-15T13:13:57.232460-04:00https://www.thetrustedinsight.com/investment-news/7384-university-of-michigan-seeks-co-investment-with-lime-rock-partners-20140515384/
We recommend a $5 million commitment from the Long Term Portfolio to Imaginea Energy Corporation, a co-investment opportunity offered by Lime Rock Partners.
University of Michigan Commits to Asia
2014-05-15T13:08:30.823022-04:00https://www.thetrustedinsight.com/investment-news/7383-university-of-michigan-commits-to-asia-20140515383/
The University's Q12014 commitments include $22.25 million to Beijing-based private equity firm CDH and $20 million to Hong Kong real estate firm Fudo Capital, as well as $30 million to Newport, CA-based LBA Realty.
U Michigan's Alts Portfolio Trails Benchmarks for VC, Real Estate
2014-05-15T13:01:00.616159-04:00https://www.thetrustedinsight.com/investment-news/7382-u-michigans-alts-portfolio-trails-benchmarks-for-vc-real-estate-20140515382/
The University's most recent investment report shows a venture investment return of 17.36% for the fiscal YTD and 26.35% for the calendar YTD, vs the benchmark's returns of 19.15% and 27.41%, respectively.
NYC Retirement Is Searching for an Infrastructure Investment Consultant
2014-05-15T12:38:11.951840-04:00https://www.thetrustedinsight.com/investment-news/7380-nyc-retirement-is-searching-for-an-infrastructure-investment-consultant-20140515380/
The city pension's incumbent, Townsend, is invited to rebid.
Pension Pulse: Is the Alternatives Gig Up?
2014-05-15T12:14:02.389046-04:00https://www.thetrustedinsight.com/investment-news/7375-pension-pulse-is-the-alternatives-gig-up-20140515375/
I happen to believe that there is a secular shift going on in alternatives. While the Blackstones, Carlyles and Bridgewaters of this world have grown exponentially, the gig is slowly coming to an end. When you see CalPERS chopping its hedge fund allocation, you know something is afoot.
Manager performance calculations: Is it apples to apples or apples to oranges?
2014-05-15T12:06:12.606764-04:00https://www.thetrustedinsight.com/investment-news/7373-manager-performance-calculations-is-it-apples-to-apples-or-apples-to-oranges-20140515373/
In the world of alternative investments where limited partnerships are often the norm, there are no performance calculation standards–only guidelines. In addition, valuations are based on appraisals rather than on transactions.
LA Fire and Police to Renew Mackay Shields for High Yield Investment Management, Praising Firm's "Defensive" Strategy
2014-05-15T11:58:09.499022-04:00https://www.thetrustedinsight.com/investment-news/la-fire-and-police-to-renew-mackay-shields-for-high-yield-investment-management-praising-firms-defensive-strategy-20140515372/
During this contract period MacKay Shields did not outperform its benchmark. Staff, however,
believes the firm has performed well during a challenging period for a high yield manager with a
strategy that emphasizes credit quality. MacKay Shields has continued to pursue the strategy for
which it was originally hired, and over the course of its tenure with the Fund it has added value net
of fees.
Episcopal City Mission, A Boston-Based Non-Profit, Divests From Fossil Fuels
2014-05-15T11:24:30.071156-04:00https://www.thetrustedinsight.com/investment-news/7367-episcopal-city-mission-a-boston-based-non-profit-divests-from-fossil-fuels-20140515367/
The unanimous vote of the ECM Board of Directors took place at the May 8 meeting after months of research, reflection and deliberation that included diligent analysis of the potential financial impact of divestment on its investments. The Finances Committee and the Board of Directors were satisfied that ECM's portfolio manager has designed an investment strategy with comparable returns so that their fiduciary responsibilities for the endowment can be exercised without exposure to fossil fuels.
UD switches endowment to Northern Trust
2014-05-15T11:21:11.005523-04:00https://www.thetrustedinsight.com/investment-news/7366-ud-switches-endowment-to-northern-trust-20140515366/
After 10 years with Wilmington Trust, the University of Delaware has opted to switch to another custodial bank for a chunk of its $1.4 billion endowment.
LACERS commits $25mn to Palladium Capital, May Shift Asset Allocation
2014-05-15T10:54:56.664005-04:00https://www.thetrustedinsight.com/investment-news/7359-lacers-commits-25mn-to-palladium-capital-may-shift-asset-allocation-20140515359/
D. Notification of commitment of up to $25 million in Palladium Equity Partners IV, LP.
Chicago Transit Allocates $20mn To Jamestown Premier Property Fund, Defers Action on UBS
2014-05-13T12:12:18.113702-04:00https://www.thetrustedinsight.com/investment-news/7311-chicago-transit-allocates-20mn-to-jamestown-premier-property-fund-defers-action-on-ubs-20140513311/
Mr. DeNard reported on behalf of the real estate subcommittee that it was recommending
two firms after having interviewed five firms for the core real estate RFP: the Jamestown
Fund, and the UBS Trumbull Property Fund. The subcommittee recommended an
allocation of $20 million to each
US Steel and Carnegie, APK Plan to Invest in European Real Estate Funds
2014-05-13T12:02:51.805120-04:00https://www.thetrustedinsight.com/investment-news/7309-us-steel-and-carnegie-apk-plan-to-invest-in-european-real-estate-funds-20140513309/
US Steel and Carnegie Pension Fund plans to make new real estate commitments over the
coming 12 months. The pension fund plans to focus on real estate funds targeting assets in
Western Europe.
Saudia Arabia's Public Pension Agency Plans to Increase Real Estate Investments
2014-05-13T11:55:59.424400-04:00https://www.thetrustedinsight.com/investment-news/7307-saudia-arabias-public-pension-agency-plans-to-increase-real-estate-investments-20140513307/
The Public Pension Agency (PPA), Saudi Arabia’s second-largest pension fund, plans to boost its investments in real estate and has no immediate plans to exit any of its holdings in Saudi companies. The agency manages retirement schemes for Saudi nationals.
Ghana considers US dollar bond
2014-05-09T15:25:10.932574-04:00https://www.thetrustedinsight.com/investment-news/7248-ghana-considers-us-dollar-bond-20140509248/
Ghana, rated B1 by Moody's, B by Standard & Poor's and B by Fitch, is eyeing an international dollar bond according to two sources. Officials from Ghana met with fixed-income investors in London in early April during a non-deal roadshow organised by Standard Chartered, sources told IFR at the time.
Kentucky Searching for Financial Advisor to State Universities
2014-05-09T13:44:15.488047-04:00https://www.thetrustedinsight.com/investment-news/7245-kentucky-searching-for-financial-advisor-to-state-universities-20140509245/
The Office of Financial Management (“OFM”) of the Finance and Administration Cabinet of the
Commonwealth of Kentucky, on behalf of the state-supported universities in the Commonwealth, is
inviting proposals from pre-qualified firms to provide financial advisory services to the institutions.
Hawaii NonProfit Is Searching for Investment Managers
2014-05-09T13:40:46.458015-04:00https://www.thetrustedinsight.com/investment-news/7244-hawaii-nonprofit-is-searching-for-investment-managers-20140509244/
It is projected that the EWC will have approximately $10 - $15 million in unrestricted long- term investments. For purposes of your proposal, please assume all funds are liquid and can be readily transferred.
City of Stamford Seeks Independent Advisory Consultant
2014-05-09T13:34:05.233944-04:00https://www.thetrustedinsight.com/investment-news/7243-city-of-stamford-seeks-independent-advisory-consultant-20140509243/
Stamford is looking for an investment consultant to provide independent investment advisory services for the Classified Employees and Custodian and Mechanics Retirement Funds, as well as its OPEB.
DFID launches second RFP to foster impact investments in Africa
2014-05-09T13:18:19.281858-04:00https://www.thetrustedinsight.com/investment-news/7241-dfid-launches-second-rfp-to-foster-impact-investments-in-africa-20140509241/
. The DFID Impact Fund, however, is investing on an impact-first basis, whereby the investments will be focused on backing businesses that achieve positive impact specifically on the poorer sections of the population, either as consumers, producers or workers. Unlike CDC’s usual investments, the DFID Impact Fund has no set target for returns...
CalPERS Presses Bank of America to Fire PwC
2014-05-09T13:13:45.755645-04:00https://www.thetrustedinsight.com/investment-news/7240-calpers-presses-bank-of-america-to-fire-pwc-20140509240/
In late April, Bank of America admitted its calculation of regulatory capital requirements was “incorrect” and had to resubmit its 2014 capital plan. The Basel III-compliant capital ratios it originally came up with were off by between 27 and 29 basis points, according to the financial firm.
Wake Forest Spins Off Endowment Office as OCIO Shop
2014-05-09T13:12:14.531532-04:00https://www.thetrustedinsight.com/investment-news/7239-wake-forest-spins-off-endowment-office-as-ocio-shop-20140509239/
Wake Forest University has spun off its endowment investment office into an outsourced-CIO (OCIO) operation, the school’s President Nathan Hatch confirmed to aiCIO.
Arlington County Pension shifts assets from Oaktree, T. Rowe Price, and Baillie Gifford to Kiltearn Partners
2014-05-09T13:06:53.850782-04:00https://www.thetrustedinsight.com/investment-news/7238-arlington-county-pension-shifts-assets-from-oaktree-t-rowe-price-and-baillie-gifford-to-kiltearn-partners-20140509238/
Following a presentation from firm CIO and founding partner Murdo Murchison and Ed Clarke, head of Kiltearn Partners’sales and client service, the ACERS Board of Trustees opted to invest $50 million with the firm.
UTIMCO Met with 44 Potential Public Markets Managers Last Quarter, and Hired None
2014-05-09T12:49:01.543014-04:00https://www.thetrustedinsight.com/investment-news/utimco-met-with-44-potential-public-markets-managers-last-quarter-and-hired-none-20140509236/
The Public Markets groups participated in 44 meetings/calls with potential managers. Serious
due diligence was initiated on five managers. No managers were hired
Holyoke Retirement Opens Search for Active Domestic Mid-Cap Equity Managers
2014-05-09T12:24:44.436698-04:00https://www.thetrustedinsight.com/investment-news/holyoke-retirement-opens-search-for-active-domestic-mid-cap-equity-managers-20140509234/
The Holyoke Retirement Board is soliciting proposals from qualified investment management firms to provide active, diversified Domestic Mid-Cap Equity management services The Holyoke Retirement Board is expected to allocate approximately $14 million from its $230 million portfolio.
Partners REIT: We would prefer not to have to engage in dueling press releases with Orange Capital
2014-05-09T12:14:35.884935-04:00https://www.thetrustedinsight.com/investment-news/7233-partners-reit-we-would-prefer-not-to-have-to-engage-in-dueling-press-releases-with-orange-capital-20140509233/
Prior to the issuance of Orange Capital's May 1, 2014 press release, the REIT accepted a financing proposal superior to that of Orange Capital's, and which is repayable without penalty on short notice. While the accepted Firm Capital proposal had the same interest rate as that offered by Orange Capital, it did not include the problematic highly dilutive conversion to equity, voting rights or appointment of Board nominees.
MPERA Mulls Plan Investment Lineup
2014-05-09T11:44:56.464708-04:00https://www.thetrustedinsight.com/investment-news/7232-mpera-mulls-plan-investment-lineup-20140509232/
New standard seems to indicate than more than 8 fund choices is still overwhelming to the majority
of plan participants. Both the DCRP and the 457 currently have close to 20 options.
Philippines' Board of Investment Begins Search for Priority Investment Sectors
2014-05-09T11:39:32.443021-04:00https://www.thetrustedinsight.com/investment-news/7231-philippines-board-of-investment-begins-search-for-priority-investment-sectors-20140509231/
Trade Undersecretary and BoI managing head Adrian Cristobal Jr. said the new investments plan, which had been reviewed and changed on an annual basis, would now cover three years or until 2016.
The IPP lists sectors and economic activities that are eligible for fiscal incentives and is based on the recommendations from relevant government agencies and the private sector.
Central Bucks Regional PD Seeks Pennsylvania-Native Investment Consultant
2014-05-09T11:25:51.536742-04:00https://www.thetrustedinsight.com/investment-news/7230-central-bucks-regional-pd-seeks-pennsylvania-native-investment-consultant-20140509230/
Each qualifying proposer must be a highly experienced Pennsylvania Act 205 Municipal Pension Investment Consulting Company. The firm must be registered under the Investment Advisors Act of 1940 and have five or more years of experience providing pension services to PA municipal government entities.
San Bernardino Retirees Dump Townsend for NEPC
2014-05-09T11:18:16.936764-04:00https://www.thetrustedinsight.com/investment-news/7229-san-bernardino-retirees-dump-townsend-for-nepc-20140509229/
At its May 1 meeting, the Board approved a motion to release Townsend from its contract with the $7.6 billion pension portfolio. This was due to a decision to expand the scope of investment consultant NEPC to include real estate consulting, confirms Sierra Orr, SBCERA communications officer.
Mass PRIM Searching for Real Estate and Timber Consulting Services
2014-05-09T11:09:46.291684-04:00https://www.thetrustedinsight.com/investment-news/7228-mass-prim-searching-for-real-estate-and-timber-consulting-services-20140509228/
The Massachusetts Pension Reserves Investment Management (“PRIM”) Board is requesting proposals
from firms interested in providing General Real Estate investment consulting services, Timber
investment consulting services or Project Real Estate consulting services.
Investment Corporation of Dubai Plans Bond Sale
2014-05-09T09:56:10.366163-04:00https://www.thetrustedinsight.com/investment-news/7227-investment-corporation-of-dubai-plans-bond-sale-20140509227/
Dubai: Investment Corporation of Dubai, which holds some of the emirate’s main assets, is planning to tap the debt market just weeks after its government received strong demand for a $750 million Islamic bond sale.
Stanford to Divest from Coal Companies
2014-05-08T10:51:24.343008-04:00https://www.thetrustedinsight.com/investment-news/7195-stanford-to-divest-from-coal-companies-20140508195/
Acting on a recommendation of Stanford's Advisory Panel on Investment Responsibility and Licensing, the Board of Trustees announced that Stanford will not make direct investments in coal mining compa...
State of New Jersey Searching for Hedge Fund Investment Consulting Services
2014-05-05T11:31:33.340984-04:00https://www.thetrustedinsight.com/investment-news/7110-state-of-new-jersey-searching-for-hedge-fund-investment-consulting-services-20140505110/
The State of New Jersey, Department of the Treasury, Division of Investment (“DOI”) is seeking investment consultants (“Investment Consultants”) for its Hedge Fund portfolio. The firms shall possess the experience, skills, expertise, and resources necessary to assist and advise DOI in making prudent investment decisions, implementing such decisions, and evaluating current and proposed investment strategies, structure, and design, and providing performance measurement services.
Korea's KIC Boosts Its Exposure to Alternative Investments
2014-05-05T11:21:29.042521-04:00https://www.thetrustedinsight.com/investment-news/koreas-kic-boosts-its-exposure-to-alternative-investments-20140505109/
The Korea Investment Corp., South Korea's $72 billion sovereign
wealth fund, plans to double its allocation to alternative
investments over the next ten years, according to newly
appointed CIO Choo Heung-Sik.
Korea Post issues RFP for global HF managers
2014-05-05T11:10:15.893154-04:00https://www.thetrustedinsight.com/investment-news/7106-korea-post-issues-rfp-for-global-hf-managers-20140505106/
The institution's $30 billion insurance bureau is seeking new managers for two hedge fund strategies as it continues its global diversification drive. The first of the strategies is equity long-short. This can be long-biased, variable or equity market neutral, but must have had average notional net exposure below 40% for the past six years.
Iowa Public Pension May Replace RREEF with New Active and Passive REITs
2014-05-05T11:05:47.605295-04:00https://www.thetrustedinsight.com/investment-news/7105-iowa-public-pension-may-replace-rreef-with-new-active-and-passive-reits-20140505105/
The Iowa Public Employees’ Retirement System (IPERS) has issued two new searches for public real estate investment trust (REIT) strategies, according to procurement documents from investment consultant Wilshire Associates.
Money Management Executive
2014-05-05T10:55:54.145056-04:00https://www.thetrustedinsight.com/investment-news/7104-sers-ohio-commits-to-core-infastructure-core-plus-real-estate-20140505104/
The Pimco Total Return Fund suffered an estimated $27.5 billion of withdrawals in its first full month after the Sept. 26 departure of Bill Gross, its worst month ever for redemptions.
NBIM Searching for Eastern Europe, South America, Emerging Markets Equity Managers
2014-05-05T10:40:16.261396-04:00https://www.thetrustedinsight.com/investment-news/7100-nbim-searching-for-eastern-europe-south-america-emerging-markets-equity-managers-20140505100/
Individual mandate guidelines and sizes are tailored to each investment manager. The typical initial funding for each manager ranges from 50-250 million US dollars. We also consider start-up products and mandates without a track record.
Ghana's MOFEP hires external auditor for Petroleum Funds
2014-05-05T10:34:40.631744-04:00https://www.thetrustedinsight.com/investment-news/7099-ghanas-mofep-hires-external-auditor-for-petroleum-funds-20140505099/
According to the report, GPF meets 13 of 16 good governance fundamentals. The report, The US$3.5 Trillion: How to Make Natural Resource Funds Work for Citizens, issued by RWI and the Vale Columbia Centre on Sustainable International Investment, said transparency is a significant gain.
But RWI said there is still room for Ghana to improve as the absence of a long-term national development plan is severely hampering the optimal utilisation of petroleum revenues.
Citigroup Wins Business of Norway's Giant Wealth Fund
2014-05-05T10:18:50.357535-04:00https://www.thetrustedinsight.com/investment-news/7095-citigroup-wins-business-of-norways-giant-wealth-fund-20140505095/
Norway's sovereign wealth fund, one of the largest single investors in the world, has selected Citigroup to provide custodial and securities lending services for its $850 billion investment portfolio...
$11 Billion at Stake as External Managers Line Up for Libya
2014-05-05T10:03:56.838397-04:00https://www.thetrustedinsight.com/investment-news/7094-11-billion-at-stake-as-external-managers-line-up-for-libya-20140505094/
Libya Investment Authority is looking for primarily fixed income and public equity managers with low fees and transparent investment processes. Smart beta strategies and passive investing are the likely mandates.
Trusted Insight Searches: VC and PE Managers in China
2014-05-01T14:25:09.957196-04:00https://www.thetrustedinsight.com/investment-news/7063-trusted-insight-searches-vc-and-pe-managers-in-china-20140501063/
Trusted Insight Exclusive: an LP is looking to visit VC and PE managers in China to discuss potential investments.