During the private equity panel at the Trusted Insight Summit 2019, senior-level investment leaders from two endowments, a health care system, and a public pension shared their thoughts on how private markets will continue to develop in the next decade and how it will impact institutional portfolios. They also discuss why they will continue strategic and consistent deployments into private equity rather than a tactical approach; the emerging market opportunities that they are focused on; and how active and hands-on they are when working with new funds.
Inside West Virginia Investment Management Board's 'Disciplined' Investment Office | James Herrington, PE Investment Officer | Q&A
James Herrington is a private and public equity investment officer at the West Virginia Investment Management Board (WVIMB), which he joined in 2008. In this interview, he discusses juggling both his roles at WVIMB and at his advisory firm; the WVIMB's very disciplined investment approach; and how they've been tackling the underfunded problem.
U.S. college endowments rebounded in fiscal 2017 from their worst annual decline since the 2009 recession, fueled by a stock market rally that accelerated after Donald Trump’s surprise victory.
<p>Wall Street appears to have lost its taste for the resurgent U.S. shale industry as oil prices tumble and energy share prices fall.</p>
JAB Holding, the family-controlled investment group, bought the US bakery and sandwich chain Panera Bread for $7.5 billion last week. The acquisition meant that Panera went from being a listed business to a privately-owned one.
2016 was a bruising year for university endowments. More than 80 percent of the funds lost money, including the largest ones. Half of the ten largest university endowments ended up in the red, Trusted Insight’s research shows. One may argue that endowments are long-term investors that should look beyond one year. So does a one-year loss translate into bad investing?
In the United States, the ten largest university endowments manage a total of $177 billion in assets (close to a third of the national total). The ten largest endowments, eight of which manage greater than $10 billion in assets, like-mindedly have a stronger preference in alternative assets.
<p>The founder of a London-based investment fund that focused on what it called “constructive activism” has joined <a href="http://www.dealstreetasia.com/?s=softbank">SoftBank </a>Group Corp. to help manage its new $100 billion technology vehicle.</p> <p>Knight Assets & Co. LLP’s Chief Investment Officer Akshay Naheta joined SoftBank’s Vision Fund and will help guide its public equity investments and potential acquisitions, according to a person with knowledge of the appointment.</p>
Fairfax India Holdings Corp (TSX: FIH.U), an affiliate of Fairfax Financial Holdings Ltd, has launched a US$150 million bought deal financing and a US$350 million concurrent private placement. The Ontario Municipal Employees Retirement System (OMERS) will acquire about 17 million subordinate voting shares as part of the latter offering, which is expected to close in January. Fairfax India was set up in 2014 to make private equity, public equity and debt investments in India. Its recent private deals include April’s <a href="https://www.pehub.com/canada/2016/4/fairfax-india-to-invest-300-mln-in-sanmar-chemicals-reuters/" target="_blank">US$300 million invested in</a> Sanmar Chemicals Group.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news of the previous day. Here are the stories you may have missed: