As Mitesh Agrawal was setting up the best-in-class teams and processes from sourcing to due-diligence and from execution to data management for the newly formed alternatives area, he was challenged by an age-old question. Who to choose from amongst the universe of fund managers with everyone claiming stellar returns?
Marketable alternatives are a substantial and important component of many endowment and foundations’ portfolios, according to the Q2 2017 NEPC Endowment and Foundation Poll, a measure of endowment and foundation views on the economy, investing, and key market trends.
The Center for Retirement Research at Boston College has put out a white paper about public pensions and alternative investments. It asks two questions: which plans have made the largest shift into alternatives? And, how has that shift mattered to their returns and risk?
A survey from NEPC revealed 68% of respondents have more than 10% of their portfolios allocated to marketable alternatives, which includes hedge funds. This marks a notable increase from last year, when NEPC’s July 2016 survey found only 45% of respondents had at least 10% allocated to hedge funds.
<p>Alternative investments have been the name of the game for many of the leaders on Benefit Canada‘s list of the <a href="http://www.benefitscanada.com/news/2017-top-100-pension-funds-report-the-evolution-of-db-pensions-100081">fastest-growing pension funds for 2016</a>.</p> <p>Both the Ontario Municipal Employees Retirement System, ranked third on the list of fastest-growing plans at 10.65 per cent growth, and Alberta Teachers’ Retirement Fund Board, ranked fourth at 10.6 per cent, saw robust performances from most of their alternative assets classes, including their real estate, infrastructure and private equity portfolios.</p> <p>At OMERS, private equity returned 12.6 per cent, with real estate following closely at 12.4 per cent and infrastructure at 11 per cent. The Alberta fund saw a 16 per cent return for infrastructure, 10 per cent for real estate and five per cent for private equity.</p>
<p>New York State Common Retirement Fund has made a $150m (€133m) commitment to Landmark Partners’ latest real estate secondaries fund.</p> <p>The pension fund told IPE Real Estate that it is investing in Landmark Real Estate Partners VIII as part of its $4.5bn opportunistic alternatives portfolio, held separately to its real estate allocation.</p>
After two years of double-digit losses, Bill Ackman is hoping for a comeback. "I got something to prove," Ackman, the billionaire behind hedge fund Pershing Square, said at an afternoon session at the Skybridge Alternatives Conference in Las Vegas, noting that the humility kicked it when the fund was down 30 percent. Beyond his own...
Canada Pension Plan Investment Board (CPPIB), one of the world’s biggest infrastructure investors, is regularly losing out in bidding wars for such assets, its chief executive said, as investors seek alternatives to low-yielding government bonds. CPPIB is one of the world’s biggest investors in infrastructure such as roads, bridges and tunnels but its CEO Mark Machin said high valuations were making it harder to do deals in the current environment. “We are consistently outbid for assets around the world because they are really priced almost to perfection and there’s an enormous amount of capital chasing infrastructure, particularly in developed markets,”...
By Yazann Romahi via Iris.xyz A quiet revolution is taking place in the alternatives world. The idea of alpha/beta separation has finally made its way from traditional to alternative investing. This development brings with it a more transparent, liquid and cost-effective approach to accessing the “alternative beta” component of hedge fund return and a new means for…
Seven new liquid alternative funds were launched in Q1 2017, including three equity hedge funds, two relative value funds, one global macro fund and one multi-strategy fund, according to the Wilshire Funds Management Q1 Liquid Alternatives Industry Monitor. There were also 18 liquidations during the quarter.