David Snow details the forces arrayed against the sacred 20 percent performance fee.
3 min read · 05 January 2013
The Pension Benefit Guarantee Corporation has revoked contracts with BlackRock, Goldman and JPMorgan after concluding the former head of the federal body may have tainted the bidding process.
3 min read · 05 January 2013
Pensions and other institutions should embrace professional third-party managers when investing in infrastructure, argues David Snow.
3 min read · 05 January 2013
CalPERS has hired heavyweight talent to develop its infrastructure platform, which may eventually become among the bigger direct players in the market.
4 min read · 05 January 2013
David Snow lists five takeaway observations from last week’s PEI IR & Communications Forum in New York
2 min read · 05 January 2013
The $183bn public pension said the move is designed to bring flexibility and higher liquidity to the portfolio.
1 min read · 05 January 2013
In announcing a $30m ‘restitution’ to be paid by the private equity firm, the New York state attorney general today noted that the agreement does not include David Leuschen, one of Riverstone’s two co-founders. Cuomo promised that ‘new developments will be coming down the road’.
3 min read · 05 January 2013
The Boston buyout firm may allow LPs in a private credit-opportunity fund to cancel participation if they agree instead to a planned $300m listed credit vehicle.
2 min read · 05 January 2013
New data from State Street shows that the month just passed was among the quietest in a decade by way of new deal activity, but may confirm the view that the market is ‘bouncing along the bottom’.
2 min read · 05 January 2013
Carlyle has backed a new code that assumes placement agents are prone to ‘Boss Tweed’ inclinations, writes David Snow
2 min read · 05 January 2013
