The pension’s overall annual return of 4.5 percent – its lowest return in five years – was boosted by alternatives. Teachers’ annual report said real estate was the highest performing asset class returning 14.7 percent.
The former CEO of Credit Suisse asset management, David Blumer, will be replaced by Rob Sharif after taking up a new role as head of financial markets at Swiss Re.
The pension’s lowest annual return for five years was boosted by alternatives, despite private equity returns falling by almost two-thirds. Teachers’ also faces a $587 million break-up fee if the BCE transaction fails to close.
The potential for private equity growth in the Middle East is undeniable. Opportunities to invest abound. Capital is plentiful. But people are in short supply. Nicholas Lockley looks at how the region is tackling the human capital issue.
How are LPs in the West approaching the Chinese market? Jennifer Harris tests the waters.
The private equity firm said it had closed its ninth real estate fund and the largest fund ever raised as it promises to take advantage of the current market dislocation.
The continuing flow of capital that is being attracted by even the larger private equity funds appears to have put paid to any notion that investors in the asset class would opt out at a time when market conditions have become more challenging. However, the jury is out on whether the fundraising momentum will be sustained once the effects of any downturn can be more clearly seen. Andy Thomson reports.
Ontario Teachers' Pension Plan is one of the world's most influential institutional investors, fusing both GP and LP activities. The recently promoted head of its private equity arm, Erol Uzumeri, spoke with Amanda Janis about Teachers' efforts to be a pension that isn't ‘your Dad's Cadillac’.
The US private equity firm continues to be active in the Latin American education market, most recently with the $40m acquisition of a Chilean university.
Wendel Investissement's smooth journey from holding company to global private equity firm has become a little bumpier.