The 2009 cost of doing business survey by the Callan Investments Institute found that fees paid by US funds have been increasing on the back of higher allocations to more expensive asset classes and lower allocations to passive investment. Amanda White spoke with Callan’s executive vice president and director of capital market and alternatives research,
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 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.
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.
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.
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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