Public pension plans in the U.S. are basing their funding strength on rosy assumptions, the Wall Street Journal reports.
Plan’s returns were led by private equity and innovative strategies.
Firm closes oversubscribed fund with $610 million in total capital commitments.
Private equity leaders are pushing back sharply against a new plan from Sen. Elizabeth Warren (D-Mass.) to rewrite the basic rules of the road for firms she likened to “vampires,” the Washington Post reports.
Madison Marquette, a leading national real estate investment manager, service provider, developer and operator announced today the closing of its merger with The Roseview Group, a boutique institutional real estate investment and advisory company.
More endowments are relocating their investment offices to better access talent, managers, Bloomberg reports.
Charles Schwab is in talks to buy the brokerage and wealth management operations from USAA for roughly $2 billion in a deal that could be reached this month, the Wall Street Journal reports.
New York-based manager believes repurchase will “better align” interests with clients and stakeholders.
Lewis will depart Aug. 2 and Deputy CIO James Nolan will take over the role in the interim.
Three-part paper focuses on why, what and how of private equity investing.