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Andrew Coyne Is Dead Wrong on CPP Investments' Active Management

Pension Pulse

But then, “active management” doesn’t quite capture the transformation in the CPPIB after 2006. Essentially it turned itself into a giant hedge fund, picking stocks, taking seats on boards, and plunging heavily into an increasingly esoteric mix of assets: real estate, private equity, infrastructure, and God knows what else.

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A Fireside Chat With BCI's Head Of PE Jim Pittman

Pension Pulse

Consolidation in the industry is likely, with larger managers acquiring smaller ones to expand their strategies and AUM. Fee structures may change, with pressure on public companies to reduce management fees and focus on performance-based compensation.

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Blackstone Becomes First $1tr Private Equity Manager

Private Equity Insights

It has also moved into hedge funds, credit trading, infrastructure investing and more. That sort of growth helped transform Blackstone from depending on striking deals for the majority of its fees to becoming an asset gatherer that can charge management fees on funds it oversees.