Gregory Roth
Limited access to top venture funds continues to restrain the Washington State Investment Board from investing in the asset class, according to Gary Bruebaker, the board’s chief investment officer.
Incline Equity Partners, a spin-out from PNC Financial Services, appears to be laboring to wrap up fundraising on its first stand-alone fund, Incline Equity Partners III LP, according recently filed data with the Securities and Exchange Commission. The firm, which spun out from PNC in 2011, raised $142.8 million as of the October filing, well shy of the $300 million goal that the firm set...
Kristin Gilbertson, the long-time chief investment officer for the University of Pennsylvania’s $6.8 billion endowment, has stepped down, the university confirmed. She headed Penn’s endowment office since August 2004.
The Florida State Board of Administration, which oversees $154 billion in pension and emergency funds, committed $700 million to five private equity, infrastructure and opportunistic debt funds during the third quarter of 2012...
Trying to counter claims aired at a recent state Senate hearing, Joe Dear, chief investment officer of the California Public Employees' Retirement System, wrote a letter to the hearing chairman saying he was "troubled by testimony that questioned our commitment and intentions" with regard to emerging managers - investment firms that are often managed by women and minorities.
Trying to counter claims aired at a recent state Senate hearing that the $243 billion California Public Employees’ Retirement System was reducing its long-time commitment to emerging managers, Joe Dear, the system’s chief investment officer, has written a forceful letter to the hearing’s chairman, Sen. Curren Price Jr., saying that he was “troubled by testimony that questioned our commitment and intentions” on emerging managers.
Michael Trotsky formally added the role of chief investment officer to his responsibilities at the $49 billion Massachusetts Pension Reserves Investment Management Board, where he already serves as executive director. MassPRIM’s board formally approved the appointment after the state’s treasurer, Steve Grossman, suggested that he take the role to help jump start hiring at the pension following a slew of departures.
In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors...
After a year-long search, Oregon’s Treasury named John Skjervem as the chief investment officer for the state’s main pension funds, which collectively manage $74 billion in assets. Skjervem replaces Ronald Schmitz, who announced last September that he was leaving...
At the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer.