Latest News

New CIO coming to CalPERS

PENSION FUNDS

PENSION FUNDS

CalPERS has selected Yu Ben Meng as its new CIO.
AQR quants say volatility bets can lose even if they're right

INVESTING

INVESTING

Two AQR executives said buying options to profit from a surge in equity-price swings is typically a losing proposition, even if volatility jumps.

Alternatives

Alternatives

Philip Raciti was named head of U.S. performing credit and portfolio manager at Halcyon Capital Management.
Ohio State University posts 7.7% fiscal-year return

Endowments and Foundations

Endowments and Foundations

Ohio State University's long-term investment pool returned a net 7.7% in the fiscal year ended June 30.
Pennsylvania commission report finds state pension plans failed to report billions in fees

Pension Funds

Pension Funds

Ludovic Phalippou said the Pennsylvania state pension funds have spent more than $12 billion on private equity fees, much of which has gone unreported.

Alternatives

Alternatives

Michael Mestel was named managing director and head of U.S. real estate debt originations at H.I.G. Realty Partners.
NAGDCA: Collective investment trusts gaining ground in DC plans

Defined Contribution

Defined Contribution

Collective investment trusts are becoming more popular among government defined contribution plans.
Chicago Public School Teachers to lower assumed return rate to 7% next fiscal year

Pension Funds

Pension Funds

Chicago Public School Teachers' Pension & Retirement Fund is lowering its assumed actuarial rate of return to 7% from 7.25%.
Tailwind Capital closes third middle-market fund at $1.8 billion, above its target

Alternatives

Alternatives

Tailwind Capital closed its latest middle-market private equity fund, Tailwind Capital Partners III, at $1.8 billion.
Returns, contributions push average FTSE 350 company pension funding above 100% – report

Pension Funds

Pension Funds

Investment returns and company contributions helped lead to a jump in funding levels for FTSE 350 company pension funds.
Victory Capital acquiring derivative asset manager Harvest Volatility Management

Money Management

Money Management

Victory Capital Management agreed to acquire derivative asset management specialist Harvest Volatility Management for $300 million.
Ontario Nonprofit Network backs OPTrust Select as pension fund choice for non-profits

Pension Funds

Pension Funds

Ontario Nonprofit Network recommended OPTrust Select as the pension fund for non-profit organizations.
Lawsuit dismissed against Kentucky Retirement Systems over alts investments

Courts

Courts

A lawsuit alleging Kentucky Retirement Systems illegally invested some participants' retirement assets in alternatives has been dismissed.
PBGC director's confirmation hearing set for Sept. 27

Washington

Washington

Gordon Hartogensis' nomination to serve as director of the PBGC will be considered Sept. 27 by the Senate Finance Committee.

Pension Funds

Pension Funds

Texas Teacher Retirement System is searching for a director to run the fund's emerging managers program.