Private equity has produced higher returns for public pension funds than other investment options over the past decade.
In the U.S., institutional investors have continued outsourcing the CIO function.
Asset owners increased hiring activity for managers, with alternatives remaining in focus.
BlackRock and Vanguard's ETFs have over $5 trillion in combined AUM, dwarfing other providers in the $9.4 trillion industry.
Some of the 10 largest U.S. institutional tax-exempt money managers have made major changes to allocations over the past five years.
David F. Swensen developed the "Yale model" of investing, which included embracing less-liquid asset classes.
Emerging market debt has generated strong returns, attracting more in inflows.
Yale is shifting its allocation toward leveraged-buyout and venture-capital strategies to improve risk-adjusted returns.
Commodity prices have risen sharply over the past year as demand recovers and the global economy improves.
Exxon Mobil has spent a lot to return cash to shareholders over the years.
Invesco's AUM growth has been able to keep up with the asset management industry at large but has trailed better-performing peers.
Appreciating property prices and steady income have lead to returns rebounding for open-end real estate funds.