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LAGGING: BlackRock Trails Other Managers in SPN Performance

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BlackRock NY

Increasingly, asset owners such as sovereign wealth funds and mega public pensions are demanding global asset managers to do more than just manage money – the owners crave perspicacious advice, education for internal staff and ongoing high-quality research provided to staff members. New York-based BlackRock, the largest private asset manager on planet Earth, is part of a strategic partners program for the Teacher Retirement System of Texas (TRS). This program is called the Public Markets Strategic Partnership Network, otherwise known as SPN. TRS chose 4 managers for the bespoke program: BlackRock, JP Morgan, Morgan Stanley and Neuberger Berman. All of these asset managers were given US$ 1 billion each to manage back in July 2008.

How Did They Perform?

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CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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