Hedge funds are trying on new stripes as the industry's traditional investing style loses its luster. Dan Sundheim likes private equity. Tom Wagner seeks a drawdown fund. Steve Cohen eyes venture capital.
Andrew W. Mellon Foundation On Balancing Quantitative Rigor, Qualitative Judgment | Monica Spencer, Senior Portfolio Manager | Q&A
Monica Spencer serves at the Andrew W. Mellon Foundation as a senior portfolio manager. In this interview, she discusses her role working closely with their new CIO; why she believes asset allocators may be more diverse than asset managers; and why balance quantitative rigor with a qualitative sense is an important balance at Mellon.
Arizona State Retirement System Using Tech To 'Slice-And-Dice' Investment Opportunities | Eric Glass, Senior Portfolio Manager | Q&A
Eric Glass is a senior portfolio manager at the Arizona State Retirement System, where he oversees the private market portfolio. In this interview, he shares the reasons behind ASRS' success in the last decade, why they are less bureaucratic than their pension peers, and how the investment office is using cutting edge tools to analyze investment opportunities.
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
Pensions Focusing On A 'More Direct Method Of Investing' | City Of San Jose | Brian Starr, Head Of Private Markets | Q&A
Brian Starr joined the City of San Jose Retirement Services in June 2014. He serves as head of private markets after several years managing global fixed income and private debt. In this interview, he discusses the cost-effectiveness of managing direct investment programs, the competitive advantages that the City of San Jose is finding in venture and why he believes the LP community should stick together.
Such record levels of dry powder in the market suggest an improvement in the fundraising environment, and reflect growing interest of limited partners in the India story.
Market Valuation Is 'The Main Element Of Uncertainty' | Oklahoma State University Foundation, Brian Graeme | Q&A
Brian Graeme is a senior investment associate of private strategies at the Oklahoma State University Foundation. In this interview, Graeme discusses how his past experience investing billions in the technology sector helps him better understand a manager's perspective, why the amount of dry powder in private equity is concerning and what he believes are the key drivers to the Foundation's success.
SEC chairman Jay Clayton is reportedly considering making it easier for everyday investors to invest in their favorite startups. Makes sense on paper as these often leading-edge firms continue to see robust valuations in private markets.
Turning A 'Battleship 180 Degrees' | Rosalind Hewsenian, CIO At Helmsley Charitable Trust | Exclusive Q&A
Rosalind M. Hewsenian is the chief investment officer of the Helmsley Charitable Trust. In this interview, she discussess how seeing the industry from different perspectives influenced her investment approach, developing a private capital portfolio from scratch and insight on accessing private market deals.
Making Progress In A Troubled Post-Recession State | Exclusive Q&A With Dina Richard, CIO Of Trinity Health
Dina Richard is the senior vice president of treasury and chief investment officer of Trinity Health, a national Catholic health care system headquartered in Livonia, Michigan. She assumed the role in December 2014. Prior to Trinity Health, Richard served as the vice president of investments for Taubman Ventures Management, a Michigan-based single-family office. She also serves as chairman for the investment committee of the Detroit Institute of Art. In this interview, Richard discusses a number of topics, including Trinity Health’s investment strategy, her involvement in promoting female representation in institutional investing and her observations from an investor’s perspective on Michigan’s economy post the 2008 Financial Crisis.