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Fordham University dials up growth equity, cools on private credit
Fordham University CIO Geeta Kapadia is cutting back on private credit, calling it an asset class “less able to financially engineer returns” in a higher-rate world. She’s instead redirecting the $1.1 billion endowment to venture and growth equity and entrusting larger mandates to a smaller roster of high-conviction managers.
Top of mind for 2018
Compiling lists for the new year can improve focus and even help reduce anxiety. Here are five factors The Thinking Ahead Institute expects to influence investment over the next 12 months.
Sustainability boosts company performance
A study of the performance of companies over an 18-year period has found that high-sustainability companies out perform low-sustainability companies and have lower volatility.
AIMCo makes private equity top priority
Canada’s AIMCo is pushing innovation further, taking ownership stakes in energy groups and hedge funds, and going after private equity with renewed gusto.
Not your usual alternatives
With public assets looking fully priced, the New Mexico Retirement Board is diversifying into alternatives such as litigation finance and royalties from intellectual property and music.
Foundations and endowments flock to long duration
The risk of a US equity market decline and concerns over the future direction of interest rates has been driving US foundations and endowments’ asset allocation decisions in the past year, with a distinct move away from US equity to global allocations and away from US-focused core to longer duration and high yield. The latest
The contest: factor-based or industry-based allocations?
Factor-investing has not yet won the right to be the endurable and dominating asset allocation method, according to new research.
Maryland applauds departing CIO
The US$587 million Maryland State Retirement and Pension System (Maryland SRPS) has confirmed the departure of its chief investment officer, Mansco Perry III (pictured), to the position of CIO of the endowment fund of Macalester College in Saint Paul, Minnesota.
FCLTGlobal: Climate risk visible in all transactions
Investors should allocate more to emerging markets to solve the climate emergency and consider climate risk in every transaction. Quebec’s CDPQ now aligns a portion of its variable employee compensation to achieving climate targets at the asset owner.
Asset Allocation