Latest News

Hayfin to acquire CLO manager Kingsland Capital Management

Money Management -

Money Management -

Hayfin Capital Management has agreed to acquire U.S. collateralized loan obligations and leverage credit manager Kingsland Capital Management.
Commentary: Seeking attractive, through-the-cycle returns in high-yield multicredit

Industry Voices -

Industry Voices -

Many investors retain a compartmentalized, single-asset mindset to high-yield investing, but there are benefits to a multicredit approach.
PitchBook: Private equity returns still sliding

ALTERNATIVES -

ALTERNATIVES -

Private equity returns are continuing to dip, with a 4.8% median net IRR for funds raised in 2015 down several percentage points from 2014 and 2011 funds.
Eastspring Investments to offer Sustainable Growth Advisers strategies to investors in Asia

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Eastspring to offer Sustainable Growth Advisers' global growth and U.S. growth equity strategies to institutional and retail investors in Asia.
Fed raises rates by 25 basis points, foresees another 3 rate hikes in 2018

Markets -

Markets -

A divided Federal Open Market Committee voted Wednesday to raise the federal funds rate by 25 basis points to a target range of 1.25% to 1.5%.
Carnegie Mellon University endowment posts 13.2% return

ENDOWMENTS AND FOUNDATIONS -

ENDOWMENTS AND FOUNDATIONS -

Carnegie Mellon University's $1.72 billion endowment returned a net 13.2% in the fiscal year ended June 30.
New CalPERS board member leery of private equity takeover

Pension Funds -

Pension Funds -

A newly elected CalPERS board member wants more transparency and criticized private negotiations between staff and BlackRock over the fund's private equity program.
Gregory W. Smith, Colorado PERA executive director, dies

OBITUARY -

OBITUARY -

Gregory W. Smith, executive director of the $43 billion Colorado Public Employees' Retirement Association, Denver, died suddenly Tuesday.
Ventura County puts 1 firm on watch, takes another off list

Investing -

Investing -

Ventura County (Calif.) Employees' Retirement Association put international equity manager Hexavest on watch over performance concerns.
Kroger officially withdraws from Teamsters Central States

Pension Funds -

Pension Funds -

Kroger and the International Brotherhood of Teamsters have ratified a new labor agreement to withdraw active Kroger participants from Teamsters Central States.
Appeals court hearing sets stage for California rulings on altering pension benefits

Courts -

Courts -

California appeals court members questioned lawyers on Tuesday over whether the lifetime pension benefits could be altered to instead provide "reasonable" benefits.

PEOPLE -

PEOPLE -

Purna Bhudia was named head of credit at the Pension Protection Fund.
Commentary: A simple solution to better retirement plans – Default to digital

Industry Voices -

Industry Voices -

Paper has served as the default communication method since the passage of ERISA. It's time to modernize and streamline participant communications.

ASSET SERVICING -

ASSET SERVICING -

Edwin Chan was named manager of business development for Europe, the Middle East and Africa at Northern Trust.

HEDGE FUNDS -

HEDGE FUNDS -

Man Group taps Lazard executive for new institutional sales role in Asia.