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 National Pension Service of Korea will outsource 26 trillion Korean won – the equivalent of $23 billion – to external funds managers this year as it moves towards its 2015 strategic asset allocation which will see a dramatic increase in equities and alternatives.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
As investors faced a “multi-speed world” in which uncertainty about the US and European economies contrasted with emerging markets’ rapid growth, they should not be misled by short-term signals from the markets, said Mohamed El-Erian, CEO and co-CIO at PIMCO. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The UK Crown Estate, which as the name suggests manages the assets and estate of the Crown, has entered into the second joint venture with an institutional investor in as many months. Norges Bank, which manages the 2,908 billion kroner ($498 billion) Norwegian Government Pension Fund Global, has purchased a 150-year lease on a 25
The equity risk premium has come in for some renewed analysis in the past couple of years as investors attempt to reconstruct their portfolios to defend against any future fat-tail events.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Institutional investors could consider the issuance of new performing senior and mezzanine debt as a lower risk opportunity in real estate, according to a new paper, “Real estate debt – from crisis comes opportunity”.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The New Jersey Investment Council, which manages the state pension funds, is looking for a general investment consultant and consultant for three specialist investment classes.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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