News
Extensive and timely coverage of the institutional industry.
Jacky Shen suspects he was the oldest intern Simon Fraser University’s treasury department ever had.
It was 2007, he was in his early 40s, had just arrived in Canada with his family and was studying for a master’s degree in the university’s wealth management program. As an intern, Shen — now the university’s treasurer and director of investment — joined a department responsible for investing several endowment funds, trusts and pension plans that now have net assets of $1.1 billion.
Clairvest Group announced the final close of its seventh private equity fund
The pension plan will consider hiring two domestic large-cap growth equity managers later this month as part of an ongoing shortlist search.
The plan added a commitment to a firm’s sixth fund in a series after previous commitments to the preceding two funds.
The plan’s new project basis-consultant was chosen over finalists Hyas Group, Innovest Portfolio Solutions and Mesirow Financial.
The plan rehired its incumbent managers following searches launched earlier this year.
The retirement has led to at least one plan placing the firm on watch.
The plan will conduct searches in several fixed-income and credit sectors following a portfolio restructure stemming from an overall asset/liability study.
The fund is managed by Blackstone Credit’s sustainable resources platform, which launched last year.