Why US funds can drive harder fee bargains
Many US fund sponsors believe they have not received fair value for the fees they paid to investment managers in recent years, a survey by Callan Associates found.
CEM survey reveals private equity partnership details
CEM Benchmarking has completed a review of the private equity investments of 30 large pension funds globally, with an average of $935 million committed to private equity, revealing detail of their partnership structures, fees, and investment stages, timing and regions, and is now embarking on its first ever risk practices project.
PMT evaluates risk tool kit
Theo Jeurissen, chief investment officer of the Netherlands’ third largest pension fund, the €30 billion ($44 billion) PMT, talks to Kristen Paech about how the fund is re-assessing its risk frameworks post-crisis, and why a low tracking error is the cornerstone of the fund’s investment policy.
More private equity funds abandoned
Only $38 billion was raised in private equity worldwide in the third quarter of 2009, the lowest level since the fourth quarter of 2003, with the number of fund raisings abandoned more than tripling in a year, according to Preqin.
Mercer 2009 funding and credit balance report
Principal at Mercer, Craig Rosenthal, was among the witnesses who gave testimony to the US House of Representatives Committee On Ways and Means, under the hearing “Defined Benefit Pension Plan Funding Levels and Investment Advice Rules” on October 1.
UAE and Malaysia strengthen investment ties
In another deal struck in the United Arab Emirates (UAE) financial sector, the $25 billion Khazanah Nasional Berhad of Malaysia has bought a 25 per cent stake in Dubai Islamic investment firm Fajr Capital for $150 million.
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