In this latest paper, Watson Wyatt, suggests some changes to redress the imbalance in private equity fees including changing the basis on which a manager sets its management fees; and that GPs should consider phasing in management fees over the investment period to reduce the significant fee drag from paying on commitments early in the life of a fund.
Nest, the largest workplace pension in the UK, says that private credit managers who prioritise institutional clients will be more favourably viewed. The £61 billion ($82 billion) fund has awarded a £450 million ($605 million) US direct lending mandate to Crescent Capital this month, citing the manager's institutional-client-first approach as a key attraction.
The Global Real Estate Sustainability Benchmark (GRESB) is being actively used by its investor supporters, including PGGM, to make service providers accountable for ESG performance, with the second annual survey finding a larger proportion of managers in the top quadrant this year. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This paper, “Property Derivatives for Managing European Real-Estate Risk,” co-authored by Frank Fabozzi from the Yale School of Management, Robert J. Shiller from Yale, and Radu Tunaru from the Cass Business School was recently awarded the European Financial Management Best Paper Award.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In an era of downgrades managing sovereign risk is a growing concern, and in the current environment investors need to actively manage their fixed income portfolios, says Russell Investment’s Andrew Pease.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The volatility in global markets has prompted the $154 billion CalSTRS to an underweight global equities position, moving assets into cash, its chief investment officer, Chris Ailman, said.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
New Zealand pension funds were the best performing in the OECD last year, with an average of 10.3 per cent, followed by Chile, Finland, Canada and Poland, with 2.7 per cent the average across all countries.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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