The $42 billion Illinois Municipal Retirement Fund is dedicated to investing in emerging managers with a commitment of 22 per cent of its total portfolio. The relationship with minority and women-owned managers is mutually beneficial. Sarah Rundell talks to head of the IMRF emerging managers program and the co-chief investment officer of equities at one of its managers, Piedmont.
Sarah RundellMay 20, 2019
Progressive-minded asset owners could do well to unbundle their consulting dollars and fill the intellectual gap in the institutional marketplace around niche opportunities, and potential sources of alpha, by sourcing independent research ideas and due diligence.
Kamal SuppalApril 3, 2019
Last year, America Red Cross shut its investment office and handed over the keys of its $3 billion investment portfolio to Cambridge Associates. More pensions and endowments will do the same, argues new research from Cerulli Associates.
Michele GiudittaApril 1, 2019
A new study finds no statistical evidence that returns of pension funds that pay performance fees for active investing are significantly higher or lower than the returns of pension funds that don't.
Dirk Broeders, David Rijsbergen and Arco van OordMarch 12, 2019
Phil Edwards CEO of Ricardo Research, a new consulting firm aimed at turning traditional thinking on its head, argues it is time to consider social utility and costs when assessing value add in investment strategies – including the impact products have on stabilising or destabilising market dynamics.
Phil EdwardsMarch 7, 2019
In the next of this new regular series, we examine the relationships that evolved as Sweden’s AP2 decided to invest with local managers in China. The story examines the process for choosing and monitoring Chinese managers, and the burgeoning focus on sustainability in that market.
Sarah RundellMarch 5, 2019