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CalPERS CIO Renews Pitch For Private Equity Revamp

The board of the nation's largest pension still has plenty of questions about a proposed shake-up in its private-equity strategy, roughly two years after the pension's staff began developing the plan.
Read by 69% of LPs February 19, 2019

Spark Therapeutics (once) Q4 2018 Earnings Conference Call Transcript

ONCE earnings call for the period ending December 31, 2018.: Good day, ladies and gentlemen, and welcome to the fourth-quarter 2018 Spark Therapeutics, Inc. earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded. I would now like to introduce your host for today's conference, Mr. 10 stocks we like better than Spark TherapeuticsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.
Read by 70% of LPs

February 19, 2019

Inside Pennsylvania PSERS' Successful Private Markets Program | Darren Foreman, Senior Portfolio Manager | Q&A

Darren Foreman is the senior portfolio manager of private markets and co-investments at the Pennsylvania Public School Employees' Retirement System (PSERS). In this interview, he discusses PSERS' successful in-house private equity co-investment program, why he has a preference for GPs with exposure to multiple countries in their investment strategy, and the benefits of having a tenured private markets team
Read by 76% of LPs February 16, 2019

U.S. Pension Funds Take Crypto Investing Plunge For First Time

The Virginia pension funds join a handful of institutions to invest in the crypto world, including Yale University, the second-largest endowment in higher education that invested in a digital assets fund.
Read by 53% of LPs February 14, 2019

Lilly Asia Ventures Receives $40M Commitment From Us Pension Fund Sfers - China Money Network

Lilly Asia Ventures, a healthcare-focused venture capital firm backed by global pharmaceutical giant Eli Lilly & Co., has received a commitment of US$40 million for its fifth biosciences fund, LAV Biosciences Fund V, from U.S. public pension San Francisco City & County Employees' Retirement System (SFERS). This is part of the pension fund's latest alternative [...] Lilly Asia Ventures Receives $40M Commitment From US Pension Fund SFERS comes originally from China Money Network. All Rights Reserved.
Read by 69% of LPs February 13, 2019

Boeing, Textron And Un Pension Funds Join Lasalle's Latest Value-add Fund | News | Ipe Ra

First close for Growth & Income Fund VIII held, raising $604m. : LaSalle Investment Management has attracted the pension funds of Boeing, Textron and the United Nations in a $604m (EUR533m) first close for LaSalle Growth & Income Fund VIII. The Ventura County Employees' Retirement Association, which has committed $100m to the US value-add real estate fund, confirmed that the first close had been held. According to sources, investors in the fund include the corporate pension funds of aircraft companies Boeing and Textron, the United Nations Joint Staff Pension Fund and Arkansas Teacher Retirement System.
Read by 69% of LPs February 12, 2019

How Pension Funds Are Destroying Investors' Wealth

The stock market crash of 2008, the steep decline in interest rates, and the growing problem of unfunded pension liabilities led many pension plans to attempt to outperform public stock and bond benchmarks.
Read by 60% of LPs February 10, 2019

Fjarde Ap Fonden Fourth Swedish National Pension Fund Sells 7,900 Shares Of Sabre Corp (sabr)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Sabre Corp (NASDAQ:SABR) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,430 shares of the information technology services provider's stock after selling 7,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Sabre were worth $1,719,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of the company.
Read by 66% of LPs February 09, 2019

Sears Plans To Unload Pensions And Close More Stores

Eddie Lampert's $5.2 billion offer to buy what's left of Sears is drawing fire from the bankrupt retailer's creditors as well as current and former employees. The judge who will determine whether to approve Lampert's bid for the retailer, which the billionaire investor still chairs, is hearing from creditors who oppose the deal. That includes the government entity that guarantees pensions when an insured plan closes without enough money to cover benefits. The Pension Benefit Guaranty Corp., or PBGC, filed a lawsuit Friday seeking to take over the retailer's two pension plans, which cover 90,000 people.
Read by 77% of LPs February 07, 2019

Danish Pension Giant Seeks Active Danske Bank Role With Stake Rise

Denmark's ATP pension fund, which handles the retirement savings of most Danes, has increased its stake in Danske Bank, which is mired in a money laundering scandal, saying it wants to be an active owner.
Read by 75% of LPs