Public Pension

OMERS and PointNorth Partner to Target Troubled Firms

Toronto-based Oxford Park Group announced the formation of PointNorth Capital Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korea’s NPS Names Hedge FoF Finalists

Demand for hedge funds is showing signs of life on the Korean peninsula. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS: Competing Against SWFs and Pensions for Properties

Real estate consulting firm Courtland Partners pitched their services to California Public Employees’ Retirement System (CalPERS) to displace the incumbent Pension Consulting Alliance (PCA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mark Wiseman

CPPIB Wiseman Goes to BlackRock, Machin Becomes CEO of CPPIB

Mark Wiseman, the current President & Chief Executive Officer of Canada Pension Plan Investment Board (CPPIB) has accepted a job at BlackRock to become incoming senior managing director and a member of the Global Executive Committee (GEC). Wiseman will become Head of BlackRock’s Global Active Equity business and will become Chairman of the BlackRock Global […]


CalPERS Details INVO 2020 Plan

The California Public Employees’ Retirement System (CalPERS) is in the midst of preparing itself for rough investment waters ahead. Post-global financial crisis, the pension giant who has almost insurmountable liabilities at the moment, conducted an examination of what worked and what didn’t. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Harvard

CHANGE: Harvard Endowment Cuts Eight Positions in Public Equity

Harvard Management Company (HMC), the manager of Harvard University’s massive endowment, announced the cutting of eight positions in the public equities trading unit. HMC struggles performance-wise and is consistently lagging behind a number of its peers (Yale, MIT, Stanford and Princeton) in investment performance for fiscal year 2015. Sometimes higher salaries per endowment executive and […]


CalSTRS

PROGRESSION: CalSTRS to Manage More Equity Assets Internally

Increasingly, large U.S. asset owners are running more index, passive portfolios in-house. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SATISIFIED: ABP Sticks with Strategic Investment Allocation

Dutch civil servant pension fund Stichting Pensioenfonds ABP is keeping its strategic investment allocation intact for the next three years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KWAP Implements New Mandate System

The recent economic and political turmoil in Malaysia has impacted Malaysian pension and state-owned funds. Asset allocation changes have occurred, highlighting a focus on the domestic economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS Buys 10 Percent of Indiana Toll Road Concession

California Public Employees’ Retirement System (CalPERS) acquired a 10% stake in the Indiana Toll Road Concession Company LLC (ITRCC) from global fund manager IFM Investors, through its IFM Global Infrastructure Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Northern Trust Veteran Krieg Joins UBS

John Krieg, who had an extensive executive career at Northern Trust Asset Management, has joined UBS Asset Management as managing director, head of institutional client relationship management, Americas. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWIB Invests in New Orleans Retail Property

The State of Wisconsin Investment Board (SWIB) is investing in the Big Easy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Staff Changes at Robeco, CIO Leaves

Hans Rademaker is exiting Robeco Groep N.V. as chief investment officer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock NY

CPPIB Attracts BlackRock Quant Executive

While BlackRock realigns its equity management business, some people are beginning to jump ship. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Institutional Investors Seek Exposure to Natixis-Originated Loans

Korean institutional investors plan to get more exposure toward infrastructure and aviation debt. Samsung Life Insurance Co., Ltd. and Samsung Asset Management Co. agreed to invest US$ 500 million in infrastructure and aviation debt over a period of five years in loans originated by Natixis S.A. [ Content protected for Sovereign Wealth Fund Institute Standard […]


Why Facebook’s Share Plan Should Alarm Pensions and SWFs

Social networking giant Facebook is seeking to issue a new class of shares in a bid to permit its founder Mark Zuckerberg the ability to maintain greater control. Zuckerberg is keen on creating a new class of stock with no voting rights, a practice that many U.S. pensions frown upon. For example, the California Public […]


ERAFP Names New Head of Manager Selection

The French Public Service Additional Pension Scheme (ERAFP) named Olivier Bonnet as head of asset manager selection starting in May 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

CalSTRS to Embrace Risk Mitigation Strategies

The California State Teachers’ Retirement System (CalSTRS) is prepping a risk mitigation portfolio, prompting to move some US$ 16 billion toward these strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Florida SBA Adopts Smart Beta

The Florida State Board of Administration (SBA) has embraced smart beta, in a bid to slowly move away from capitalization-weighted benchmarks, while looking to lower active management fees. Many large pensions are looking to use factor-based investing to lower manager costs, according to SWFI research. Institutional Investor Profile of Florida’s SBA [ Content protected for […]


SWFI – Movers and Shakers – April 22, 2016

Manning & Napier CEO to Retire for Personal Reasons [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]