Many of Canada’s sophisticated pension funds are at the forefront of a trend to shift asset management functions in-house, and working to navigate their growing requirements for investment operations and systems.
Life sciences investment firm OrbiMed announced $3.5 billion in commitments for its latest private investment funds, including $1.5 billion for OrbiMed Private Investments VIII, $800 million for OrbiMed Asia Partners IV, and $1.2 billion for OrbiMed Royalty & Credit Opportunities III.
Atalaya Capital Management, an alternative asset manager focused on private credit and special opportunities investments, announced the final close of its fifth Asset Income Fund (“AIF V”).
Several municipalities are bringing their emergency services “in house,” rather than contracting them to a private entity. But such efforts rarely help cities–or the state–save money. Gains from providing fire and emergency services together is overstated & it does nothing to solve pension woes.
Regulators and law enforcement are looking into flagrantly illegal private “side letter” agreements which pay investors aware of fraud to not tell unsuspecting others.