Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Saijel Kishan and Katherine Burton of Bloomberg report, Boaz Weinstein’s Revival of Saba Challenged by Pension’s Lawsuit: For Boaz Weinstein, whose credit fund had hemorrhaged money and investors over the past three years, April seemed … Continue reading Why Is PSP Suing a Hedge Fund?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Mandi Woodruff of Yahoo Finance reports, State pension funds face $1 trillion funding gap: More depressing news for workers who depend on a pension to fund their retirement: State-run pension funds faced a $968 billion … Continue reading The Trillion Dollar State Funding Gap?
Ed Mendel is a reporter who covered the Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com. Private equity firms have produced big profits for CalPERS, not to mention a pay-to-play scandal, while keeping a big share for themselves as an incentive — traditionally 20 … Continue reading In Depth: CalPERS Will Reveal Private Equity Share of Profits
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Tom Anderson of CNBC reports, Most older Americans fall short on retirement savings: How bad is America doing when it comes to retirement savings? The Government Accountability Office looked into the question, and its answer … Continue reading America’s Retirement Nightmare?
The Organization for Economic Cooperation and Development (OECD) recently surveyed 71 pension funds on their interest in alternative investments. [The full survey can be found here.] The findings when it came to infrastructure investing were among the most interesting. The survey found that the funds had increased their alternative investments across all categories between 2010 … Continue reading Institutional Investors Cite Regulatory Risk, Transparency as Obstacles to Infrastructure Investment
Chatham Asset Management has hired the former chief of CalPERS’ hedge fund strategy, Ed Robertiello. Ed Robertiello left CalPERS after the pension fund decided to pull its money out of hedge funds. More from Bloomberg: Robertiello started Jan. 1 as a partner and director of strategic development, the $1.7 billion Chatham, New Jersey-based firm told … Continue reading Ex-CalPERS Hedge Fund Honcho Joins Chatham
The Teacher Retirement System of Texas has committed $865 million to several real estate funds that will invest in Europe, the U.S. and elsewhere around the globe. Details from IPE Real Estate: The US pension fund approved a $465m allocation to Westbrook Partners’ UWS Co-Investment 9 venture. The manager, which did not comment, will invest … Continue reading Texas Teachers Commits $865 Million to Real Estate
Are affluent households worrying about having enough money to last through retirement? According to a survey from Bank of America, the short answer is “yes” – in fact, it’s one of their biggest concerns. Bank of America polled 1,000 “affluent” people with investable assets of between $50,000 and $250,000. The results were published in the … Continue reading Are Affluent Households As Worried About Retirement As Everyone Else?
CalPERS is considering investing in collateralized loan obligations (CLOs), or securities backed by a pool of (sometimes low-grade) corporate loans. From the Wall Street Journal: Fixed-income executives for the nation’s largest public pension fund told their investment board committee Monday they want to buy riskier versions of “collateralized loan obligations,” which are securities backed by … Continue reading CalPERS Weighs Foray Into Riskier Loan Securities
A unique series of events exposed this week a controversial investment made by a handful of institutional investors. Institutional investors such as Harvard and CalPERS invested a combined $1.2 billion with a private equity fund, Vector Capital IV LP. But Vector soon tried investors’ patience, as it was slow to invest that money. Eventually, some … Continue reading CalPERS, Harvard Money Linked To Caribbean Pay Day Loan Venture
