Pension Pulse

NOVEMBER 4, 2024

Although Ziply generates cash flow, it is currently owned by private equity backers – including three Canadian pension funds – and they have put $2-billion of net debt on its balance sheet. telecom-focused private equity fund WaveDivision Capital, LLC. In all, BCE’s total debt level will remain roughly where it is now.

Pension Funds 59

Pension Funds Debt Stakes Assets 59

This is going to be BIG.

APRIL 21, 2013

Ten years ago, I was an analyst for the General Motors pension fund, working on fund investments into leveraged buyout funds and venture capital deals. I literally wrote the investment memo for GMs investment into Accel IX, otherwise known as the "Facebook Fund." (I

Leveraged Buyouts 117

Leveraged Buyouts Venture Capital Buyout Pension Funds 117

Pension Pulse

JULY 24, 2023

pension fund, has only about 11% of its assets invested in private equity, while Norway’s oil fund, one of the world’s largest wealth funds, has no investments in private equity at all. But which businesses were acquired by the Apollo fund? How leveraged are the investments? In which industries?

Pension Funds 88

Pension Funds Private Equity Firms Private Equity Firms Investing 88

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

The Motley Fool

APRIL 23, 2024

Operationally, we delivered our highest Q1 recurring sales in analytics in a decade at $14 million, our best-ever Q1 of recurring sales among hedge funds at nearly $11 million, and another quarter of double-digit subscription run rate growth of 11% among asset owners, driven by index and analytics.

Mergers and Acquisitions 130

Mergers and Acquisitions Hedge Funds Asset Management Banks 130

Pension Pulse

AUGUST 16, 2024

Ainslie’s hedge fund Maverick Capital only trimmed its stake in Nvidia by 2.86% in the second quarter of 2024 after having first acquired almost 464,000 shares in the company in the first quarter of 2023. But this week, Bloomberg reports the yen carry trade that blew up markets is attracting hedge funds again.

Hedge Funds 59

Hedge Funds Funds Asset Management Stakes 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. Another hedge fund, AQR, increased its stake in Nvidia by 22%. 31 holdings.

Hedge Funds 59

Hedge Funds Funds Asset Management Assets 59

Pension Pulse

JANUARY 31, 2024

It is not monolithic and includes such varied enterprises as pension fund investment managers such as AIMCo , insurance companies, investment banks, broker dealers, hedge funds, mortgage investment companies – and still others. As a consequence, banks must submit to more stringent regulation.

Banks 59

Banks Pension Funds Financial Institutions Investing 59

Fortune Financial

AUGUST 7, 2023

It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded private equity firms. Leveraged Buyouts In contrast, there are leveraged buyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.

Hedge Funds 52

Hedge Funds Due Diligence Portfolios Leveraged Buyouts 52

Fortune Financial

AUGUST 7, 2023

It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded private equity firms. Leveraged Buyouts In contrast, there are leveraged buyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.

Hedge Funds 52

Hedge Funds Due Diligence Portfolios Leveraged Buyouts 52

The Motley Fool

OCTOBER 11, 2024

Performance fees of $388 million increased significantly from a year ago, primarily reflecting strong alpha generation over the last 12 months from a hedge fund with an annual lock in the third quarter. This approach is yielding profitable growth and operating leverage. to 1 full basis point.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

American Investment Council

OCTOBER 2, 2023

Read the full editorial below: Private Fund Investors Don’t Need the SEC’s Help By The Editorial Board September 28, 2023 If a teacher, electrician or autoworker buys a stock or a share in a mutual fund, the Securities and Exchange Commission aims to ensure they’re investing on a level playing field.

Securities and Exchange Commission (SEC) 52

Securities and Exchange Commission (SEC) Investors Funds Mutual Funds 52

Pension Pulse

SEPTEMBER 12, 2023

At C$146 billion, equivalent to a quarter of the entire C$575 billion pension fund for some 21 million Canadians and forecast to grow bigger every year, Kim leads a program that is also heading into unchartered territory. Most were on the fund's private equity team and were informed early last month, according to two of the people.

Portfolios 69

Portfolios Pension Funds Due Diligence Investing 69

Pension Pulse

NOVEMBER 3, 2023

Michiel Willams of Net Zero Investor reports OMERS’ sustainability chief on why the C$127bn fund’s green investment spree will not slow down: OMERS, the defined benefit (DB) plan for municipal employees in Ontario, is increasingly positioning itself as one of Canada's greenest pension fund investors. to sell its 24.5%

Pension Funds 59

Pension Funds Investing Hedge Funds Assets 59

The Motley Fool

OCTOBER 31, 2023

Over the past 36 years, Burgiss has created greater private asset transparency while serving institutional investors such as pension funds, endowments, foundations, and family offices. MSCI achieved another solid quarter of performance across client segments and product lines.

Assets 100

Assets Hedge Funds Capital Leveraging 100

The Big Picture

SEPTEMBER 19, 2023

Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. And the hedge funds down there looked like post Madoff, post G F C, that they were really gonna struggle. There’s also some sort of, some hedge fund structures that have private equity like investments.

Asset Management 59

Asset Management Assets Pension Funds Hedge Funds 59

The Motley Fool

APRIL 12, 2024

As markets improve, we remain committed to driving operating leverage and profitable growth. Looking forward, we'll continue to prioritize investments with differentiated organic growth potential or that will expand operating leverage through enhanced scale. Today, Aladdin is much more than that. Operator Thank you.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

Pension Pulse

DECEMBER 20, 2023

Larger investors like IMCO can leverage scale to reduce costs and improve returns, by negotiating better fees with key partners and investing directly alongside them. Research by CEM Benchmarking shows that costs can play as big a role in returns as active management, particularly for smaller funds. They directly impact net returns.

Bidding 59

Bidding Pension Funds Assets Banks 59

Pension Pulse

AUGUST 14, 2024

I told Vincent that 22 years ago, I was working in Mario Therrien's team, in charge of managing a significant directional hedge fund portfolio made up of top global macro funds, L/S Equity, CTAs and a few short sellers and one or two fund of funds (I had a lot of work to fix that portfolio after inheriting it).

Hedge Funds 59

Hedge Funds Assets Pension Funds Portfolios 59

Pension Pulse

AUGUST 17, 2023

“The renewable energy, telecommunications and transportation sectors, to which (the Caisse) has been exposed for many years, are significant vectors of performance,” the pension fund said. Over five years, the annualized return was 9.6 per cent, driven by the same sectors as in the first six months.” per cent. “In per cent return.

Pension Funds 52

Pension Funds Assets Debt Finance 52

The Motley Fool

AUGUST 3, 2023

We brought together over 400 institutions that included hedge funds, asset managers, also included some global regulators and others. Our customers have also asked for features around unified margin and additional kind of financing and leverage-type features. Alesia Haas -- Chief Financial Officer I'll offer some comments there.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Assets Legal Shareholders 100

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

FEBRUARY 28, 2023

So it used to be within private markets that you would find a good business, apply quite a bit of leverage to it, at least in the private equity business, and be able to make a pretty good return by buying good solid businesses as they are. Leverage levels have come down materially. LAYTON: Leverage levels have changed.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 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

MAY 23, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, another extra special guest, Robin Grew, President of Man Group, $145 billion publicly traded hedge fund in the UK, and soon to be Man Group’s CEO. GREW: So, Man is a — as you said hundred million – 145-billion-dollar hedge fund.

Hedge Funds 64

Hedge Funds Finance Financing Funds 64

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

The Big Picture

MARCH 5, 2024

For me, I sat mostly in their internal, really an internal hedge fund. So we’d have credit, we’d have equities, we’d have hedge fund strategies, but with no silos. I 00:13:02 [Speaker Changed] Have noticed that a lot of firms that describe themselves as hedge funds really aren’t very hedged.

Capital 59

Capital Hedge Funds Banks Assets 59

Pension Pulse

SEPTEMBER 15, 2023

The Ontario fund’s strategy was innovative at the time, and paved the way for what is now known as the Canadian pension model. If the pension fund falls short, municipalities across the state could be forced to increase payments and cut city services to meet the pension obligations of more than two million Californians.

Pension Funds 59

Pension Funds Hedge Funds Private Equity Firms Private Equity Firms 59

Pension Pulse

MAY 15, 2024

Scott Chan, deputy CIO of the California State Teachers’ Retirement System, will take over on July 1 as CIO of the world’s largest educators’ pension fund. He also held positions including partner and portfolio manager at the hedge funds SF Global, Magnum Opus and TLB Capital. The model has reportedly saved CalSTRS $1.6

Pension Funds 59

Pension Funds Education Hedge Funds Assets 59

Pension Pulse

MAY 19, 2023

Remember this data is lagged by 45-days so it's not representative of what they hold now and many top hedge funds are going to get clobbered when the financial storm hits their portfolio. LTK Capital Management is up huge this year, close to 300%, trouncing elite hedge funds and money managers. So what's the problem?

Hedge Funds 52

Hedge Funds Funds Asset Management Assets 52

The Big Picture

MAY 9, 2023

And they all develop their own little system of useful terms, but then they end up becoming almost like a barrier that makes it hard for an outsider who hasn’t grown up in the world of finance, who doesn’t have a father who ran a hedge fund or an uncle who ran a private equity firm. RITHOLTZ: For sure.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

Pension Pulse

AUGUST 15, 2024

The pension fund had solid returns from its portfolio of public stocks, which gained 10.4 But stocks make up only 19 per cent of the pension fund’s assets after it shifted billions of dollars from equities into government bonds and credit investments, seeking to take advantage of high interest rates. dollar to earn a 4.4-per-cent

Pension Funds 59

Pension Funds Assets Liabilities Portfolios 59

The Big Picture

NOVEMBER 8, 2022

I then was doing journalism for Breakingviews, which was the sort of dot-com startup, FX FT people known by Reuters, and started doing some — and then I did some research for Crispin Odey, London hedge fund guy. I was having lunch with Jeremy in the summer of 2007, just after the Bear Stearns hedge fund started blowing up.

Finance 59

Finance Financing Banks Hedge Funds 59

The Big Picture

APRIL 4, 2023

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. KENCEL: So, now, leverage is lower. RITHOLTZ: Right.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

Pension Pulse

JUNE 12, 2024

Zvan said that while she was at Ontario Teachers, she oversaw the establishment of three different risk systems, and given the volume of data the fund held, the last one took six years. There are so many more tools that you can leverage today.” And finally, UPP was able to leverage technology as an enabler.

Liabilities 59

Liabilities Assets Leveraging Due Diligence 59

Pension Pulse

MAY 24, 2023

In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pension funds, he said. Other categories affecting our total cost profile include taxes and expenses associated with various forms of leverage.

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

SEPTEMBER 10, 2024

We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. There is still excess leverage in the system that I’m not sure how that’s gonna be resolved necessarily. And, you know, Morgan Stanley has all types of different clients. So that, that’s the challenge.

Companies 64

Companies Pension Funds Hedge Funds Assets 64