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Laura Benitez and Nishant Kumar of Bloomberg report hedgefunds draw pension money to riskiest corner of a $1.3 Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations in recent months, according to several asset managers who spoke on the condition of anonymity.
Marrying the proprietary origination and business improvement capabilities of GIP and BlackRock’s global corporate and sovereign relationships provides a platform for diversified, large-scale sourcing to support dealflow and co-investment opportunities for clients.
BlackRock's infrastructure franchise and our private markets business more broadly benefited from the firm's global footprint, our deep network of clients and distribution relationships, and access to high-quality dealflow. Operator Thank you.
Performance fees of $388 million increased significantly from a year ago, primarily reflecting strong alpha generation over the last 12 months from a hedgefund with an annual lock in the third quarter. Last month, we were selected as a fiduciary manager for a $30 billion Dutch pensionfund with more than 30,000 members.
And so, that was a big event for us because all of those private equity relationships, as a limited partner, are fantastic drivers of knowledge and relationships and dealflow to finance those deals with those private equity firms. RITHOLTZ: I was about to say that sounds like it’s really good for dealflow.
And whilst we were dealing with the same counterparty, the same pensionfund, some of their constituents, some of the underlying boards, disagree on the approach to take there. Some of our LPs are very often made up of different boards, some teachers, firemen, policeman, you know, employees, public servants employees.
Ralph Berg, chief investment officer at OMERS for nearly two years, brings a fresh perspective to pensionfund management with a history and work pedigree different to what you might expect from a Canadian fund investment boss. Amanda White reports.
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