The Big Picture

SEPTEMBER 19, 2023

Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. So you end up going from the fund of funds to pension funds. I had a a two brief jobs between the, the fund of funds in Maryland and business school in between there. Absolutely.

Asset Management 59

Asset Management Assets Pension Funds Hedge Funds 59

Pension Pulse

JANUARY 11, 2024

After a 38-year career working in the public pension fund arena, Ailman, 65, told P&I that he is ready to begin winding down his career. A veteran of market cycles Ailman is one of the longest-tenured CIOs in the world, taking over the post in October 2000 when the fund was valued at $109.6 It's time to slow down.

Pension Funds 59

Pension Funds Hedge Funds Leveraging Assets 59

Pension Pulse

SEPTEMBER 11, 2023

Willis Towers Watson put out a press release stating the world’s top pension funds see the largest assets fall in 20 years: North America now accounts for nearly half of assets in world’s 300 largest pension funds ARLINGTON, Va., increase in the assets of the largest 300 pension funds in the previous year.

Pension Funds 59

Pension Funds Assets Funds Leveraging 59

The Big Picture

MAY 9, 2023

And then I moved back to London at the end of 2008, which was a really interesting pivot. At the end of 2008, we owned a lot of illiquid assets. And there was a problem with 168 of them at the end of 2008. It was the year I made partner, actually, in 2008. Pension funds have quite long-dated capital.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

Pension Pulse

DECEMBER 11, 2023

But as the fund moves more into private assets, the collaborative model focuses not just on internal management but how CalSTRS can partner with external providers in innovative ways to achieve similar benefits. “As Reading the interview with Scott Chan above, you'd think CalSTRS was a Canadian pension fund, part of the Maple 8.

Returns 69

Returns Pension Funds Leveraging Investing 69

The Big Picture

DECEMBER 5, 2023

But there wasn’t an active m and a business, there wasn’t a leveraged finance business. But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And, and we wanted to have relatively modest leverage.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 23, 2024

But, but I think if I was to go back through my career, that moment in time, you know, when there is this big wave coming, because it was the start of the high yield market, the leverage loan market grew dramatically, you know, from 200 billion in the mid nineties to $5 trillion today, high yield and leverage loans. And still growing.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

Pension Pulse

JULY 4, 2023

A similar process was used when the energy supplier Bulb collapsed in 2021 and would amount to a temporary renationalisation that would be the biggest since Royal Bank of Scotland and Lloyds Banking Group were rescued at the height of the global financial crisis in 2008. billion in Canadian funds. What happened to Bentley?

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

Pension Pulse

SEPTEMBER 6, 2023

Advocacy groups have accused the private fund industry of unfair, conflicted and opaque practices that hurt everyday Americans who invest in such funds through their pensions. It's not as if some state pension fund benefits from opacity," SEC Chair Gary Gensler told reporters after the panel's vote.

Hedge Funds 64

Hedge Funds Securities and Exchange Commission (SEC) Pension Funds Funds 64

Pension Pulse

MAY 23, 2024

But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” More than ever, Canada’s largest pension funds are being pressed to play the same role in the rest of the country.

Pension Funds 59

Pension Funds Stakes Banks Financing 59

Pension Pulse

FEBRUARY 16, 2024

A hedge fund run by Michael Burry — who famously shorted subprime mortgages during the 2008 financial crisis and became a central figure in Michael Lewis’s 2010 book "The Big Short" — added 35,000 shares of Alphabet and 30,000 shares of Amazon. That fund, Scion Capital, also boosted bets on Chinese e-commerce giants Alibaba and JD.com.

Hedge Funds 59

Hedge Funds Funds Asset Management Assets 59

The Big Picture

FEBRUARY 13, 2023

RIEDER: — there was — and then, you know, punctuating with obviously 2008. You know, people are comfortable, leverage builds. Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm. You know, the leverage in the system builds.

Hedge Funds 59

Hedge Funds Education Funds Banks 59

Pension Pulse

AUGUST 3, 2023

In Monticelli, south of Milan, a warehouse constructed in 2008 with a leasable area of 58,000 sq.m Leveraging the team’s experience, market knowledge and established networks, Boreal aims to create and to drive long-term value for its investment partners in a sustainable and responsible manner. 307,000 sq.ft.) 621,000 sq.ft).

Portfolios 52

Portfolios Assets Leveraging Asset Management 52

The Big Picture

SEPTEMBER 19, 2022

I led the Union Square Ventures investment in Etsy, I became a venture partner for that, and then became a GP in the 2008 fund. is about broadening access to knowledge, capital and well-being by leveraging existing networks and protocols, and building trusted brands. I did these angel investments. RITHOLTZ: Okay.

Venture Capital 122

Venture Capital Capital Funds Startups 122

Pension Pulse

MAY 19, 2023

pic.twitter.com/J1EHKFFZpu — Mac10 (@SuburbanDrone) May 19, 2023 I mentioned below that Bear Stearns blew up the same weekend in 2008 that SVB did in 2023… The market then rallied after the initial bank panic was squashed. That rally ran strong until it ended on May 19, 2008. So what's the problem?

Hedge Funds 52

Hedge Funds Funds Asset Management Capital 52

Pension Pulse

SEPTEMBER 20, 2023

Office space is the main sector that will report losses in the commercial real estate market, while industrial and multi-family will remain strong, said Bass, who’s known for his successful bet against subprime mortgages before the 2008 financial crisis. Canada's pension funds saw the writing on the wall before the pandemic hit.

Pension Funds 59

Pension Funds Banks Best Practices Assets 59

The Big Picture

JUNE 13, 2023

The exposure you get in investment banking, I was a leveraged finance banker by background. CHABRAN: Maybe because I come from a leverage finance background, as I told you, I tend always to focus on the downside. I think it was a great training. I think we learned a lot.

Banks 59

Banks Asset Management Assets Capital 59

Pension Pulse

JULY 20, 2023

Love Liman of Bloomberg News reports Sweden’s property rout drags down result of another pension fund: Sweden’s pension system is increasingly caught up in a property crisis that’s hit commercial landlords, with one of the state-owned pension funds joining peers that have taken losses on its investments in real estate assets.

Pension Funds 52

Pension Funds Funds Banks Debt 52

Pension Pulse

DECEMBER 18, 2023

CPP Investments invests in both public and private credit and credit-like products globally, leveraging its ability to provide scale, certainty of assets and a long investment horizon. A few Canadian pension funds (namely PSP) did the same thing back in 2008, seizing loans for pennies on the dollar and made great returns back then.

Stakes 59

Stakes Portfolios Investing Banks 59

The Motley Fool

JULY 20, 2023

In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors. banks with an average of 12 times leverage.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Big Picture

APRIL 4, 2023

So a very different dynamic than we saw back in 2007, 2008, 2009. And you know, it’s funny, when I was on the road in the early days, you know, talk about even post GFC, you’d meet with large scale institutions and you talk about senior secured loans, private lending, covenants, reasonable leverage, et cetera, et cetera.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Banks Financing 59

The Big Picture

MARCH 12, 2024

My family and I moved to McLean, Virginia in, in 2008. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds. So we have a lot of the, you know, sovereign wealth fund types that are investing on behalf of taxpayers.

Hedge Funds 59

Hedge Funds Banks Assets Capital 59

Pension Pulse

NOVEMBER 10, 2023

Committed US$150 million to American Industrial Partners Capital Fund VIII, which will primarily target value-oriented, control investments in the North American industrials sector. Leveraging these investment advantages are some of the strategies IMCO uses to enhance returns on behalf of our clients. Read his full comment here.

Investing 59

Investing Buyout Stakes Assets 59

The Big Picture

JUNE 20, 2023

Pension funds, perhaps, maybe aren’t growing as much as they need them to. RITHOLTZ: Clearly, 401(k) is not a much faster growing part of the allocation landscape than either direct benefits or pensions, if anything, that side of the street is shrinking dramatically. And so, this is a ripe market for them.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Financing Finance 59

Pension Pulse

JUNE 5, 2024

IMCO CEO Bert Clark posted a comment on LinkedIn going over the Canadian model and other thoughts from the Fiduciary Investors Symposium: I recently had the pleasure of speaking at Top1000 Funds’ Fiduciary Investors Symposium Toronto 2024. And Canadian pensions have adopted some of their best practices and applied them to pension investment.

Pension Funds 59

Pension Funds Assets Buyout Private Equity Firms 59