In this episode, Alex Proimos, head of domestic content, Conexus Financial, chats with Rob Pruguel, principal consultant at Callidum Investment Research, about vulnerability as we restart the global economy, consolidation with superannuation and how bigger isn’t always better.
New Jersey’s $85 billion fund stockpiles cash, eyes PE secondaries
An underweight position across private markets, predicated on a view that geopolitics and inflation mean interest rates are not coming down any time soon, has positioned the New Jersey Division of Investment with plenty of dry powder and a cash position four times the policy allocation. It is now readying for opportunities in private equity secondaries and with emerging managers. Chief investment officer Shoaib Khan spoke to Top1000funds.com.
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KIA to divest big stake in Kuwait telco
The $202 billion Kuwait Investment Authority (KIA) is ready to sell its 24.6 per cent stake in domestic telecommunications company Zain and is awaiting attractive offers from bidders as it seeks liquidity to finance the nation’s budget. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
CalPERS’ CEO and CIO performance on offsite agenda
The full board of administration and the executives of CalPERS are conducting a three-day offsite, entitled Defining Our Future Now, which includes a number of closed sessions regarding chief executive and chief investment officer performance and employment matters, in addition to open forums on a number of strategic investment decisions. mrec4inarticleinline Sponsored Content scnative1 scnative2
Clash of the titans: investors and managers at odds over alternatives regulation
A battle has broken out between investors and suppliers over the regulation of hedge fund and private equity managers, with opposing testimony given to the US Senate by the country’s largest pension fund, the $180.9 billion CalPERS, and a US-based venture capital firm. In this “Have Your Say” column we ask you whether you agree
Abu Dhabi looks starwards with space tourism investment
Aabar Investments, an investment company backed by an Abu Dhabi sovereign wealth fund, has become the first external investor in commercial space carrier Virgin Galactic, buying a 32 per cent stake for $280 million. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Active management under pressure as US funds underperform
The alpha from active funds management was a massive -1.2 per cent before fees for US funds in 2008, a figure eight times below the average of 15 bps over 18 years, according to research by CEM Benchmarking. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Focus on income generation will yield most alpha: McCulley
Institutional investors should be looking to garner alpha from income-generating investments, rather than growth, as the “new normal” dictates that return expectations will be equal to about nominal GDP, according to managing director, Pimco, Paul McCulley. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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