James Comtois

A wave of redemptions and gating in evergreen credit funds has spooked many investors, but Partners Capital CEO Arjun Raghavan is looking to buy fundamentally solid loans being sold off because managers need liquidity.

Institutions are pumping capital back into hedge funds at record levels now that returns have snapped back. But MassPRIM is saying: Let's hold tight — even if this could cost them alpha.

Real estate has underperformed for approximately two years due to soaring interest rates, high inflation, and a significant housing supply shortage. But now that real estate is back on top again, managers like Harrison Street Asset Management and Cohen & Steers see new opportunities — particularly student and senior housing and publicly listed securities.

Allocators are pulling back from new private equity commitments as cash remains trapped in illiquid portfolios, forcing investors to ration capital even as deal values climb and fund managers talk up recovery.Deal volume fell 22 percent year-over-year, according to S&P Global Market Intelligence, while value rose to $154.64 billion from $137.31 billion. This is impacting allocator budgets, with CIOs making fewer new commitments.

Tribal allocators invest under liquidity and cultural constraints that most traditional family offices don't have to deal with. Many of these relatively new investment pools are backed by casino revenue, a relatively recent and uneven source of funding that complicate portfolio construction and cash management.

As private markets grow in size and complexity , allocators are struggling to keep up with the rapidly changing investment landscape, with many limited partners lacking a full understanding of the underlying risks in their portfolios. As a result, most LPs believe that the solution is to adopt artificial intelligence

New data from two investment giants show that U.S. corporate pensions are in a better position than they've ever been. That said, a significant portion of pensions — of all sizes — still struggle with funding issues.

Portfolios concentrated in U.S. tech stocks should diversify to real assets before the AI bubble bursts, according to Cambridge Associates.

Being named a Rising Star by Institutional Investor is a meaningful recognition for each of the recipients. But the category carries weight beyond individual achievement. It reflects a view by allocators that leadership is built early and that decisions made at this stage can shape outcomes for decades and have real-world implications.

A little over a year ago, the California State Teachers’ Retirement System committed $200 million to an emerging markets strategy from ABS Global Investments — its first commitment to the manager of managers. Now, that mandate has expanded into a more integrated partnership between the two entities where the emerging markets specialist serves as a consulting partner to the $408 billion pension plan’s global equity team.