News

Extensive and timely coverage of the institutional industry.

In The News
This Pension Tab Just Keeps Growing

We just got the latest measurement of how deep the Teachers’ Retirement System hole is now. And yet, lawmakers keep on digging.

11.05.20
In The News
Global Investor Group Urges United States To Rejoin Paris Climate Accord

group representing European and U.S. investors with a collective $30 trillion (£23 trillion) in assets urged the United States to quickly rejoin a global accord to tackle climate change on Wednesday, as a decision by President Donald Trump to leave the pact came into effect.

11.05.20
In The News
Hedge Fund Side Letters Survey Reveals Increase In Fee Discount Clauses

A new Seward & Kissel study into the use of side letters in the hedge fund industry shows fee discount clauses are now the most common issue raised by investors in such agreements, while the number of smaller hedge fund managers using the practice has increased.

11.05.20
In The News
Callodine Group Announces Acquisition Of Gordon Brothers Finance Company, LLC

Callodine Group (“Callodine”), an asset management firm focused on yield-oriented investment strategies, today announced that it has entered into a definitive agreement to acquire the loan portfolio and assume the employees and operating costs of Gordon Brothers Finance Company, LLC (“GBFC”).

11.05.20
Announcements
Ivy Endowments Underperform U.S. Stock And Bond Portfolio For Second Year In A Row: Research

All but one of the eight Ivy League endowments underperformed a 60/40 portfolio of U.S. domestic stocks and bonds in the 2020 fiscal year for the second consecutive year, according to recent research.

11.05.20
Asset Study/Review
Southern Foundation Reviewing Equity Managers As Part Of Allocation Shift

A foundation affiliated with a university in a Southern state is reviewing its equity manager roster as it looks to shift its public equity portfolio toward domestic assets and away from international developed and emerging markets.

11.05.20
MRI/Social Investments
New England Foundation Establishes ESG Portfolio

A foundation based in New England established a new Environmental, Social and Governance (ESG) portfolio earlier this year.

11.05.20
Equity
Southern University System Adds Public And Private Equity Managers

A university system in the South approved terminating a domestic equity manager and adding domestic and global equity investments and private equity commitments at its investment committee meeting this week.

11.05.20
Administrator/Record Keeper
Midwest University Selects Sole Retirement Plan Record Keeper

A university based in the Midwest has chosen one record keeper for its retirement plans following an RFP process.

11.05.20
Industry News
Commitments To Presidential Library Leads To Permanent Endowment

The commitments allowed for new state funding.

11.05.20