Manager Strategy

Chris Bires joins the private equity and hedge fund unit of Northern Trust in a newly-created role.

Alternatives growth spiked as traditional equity and fixed income AUM among the largest 500 asset managers declined 7% during 2015, according to Willis Towers Watson research.

Adam Howarth, co-head of private equity secondaries at Partners Group, explains how heightened anxiety in the market is impacting activity at the firm and why secondaries returns will become increasingly mixed.

In its annual review, the $773bn Abu Dhabi sovereign wealth fund reported a 20% drop in its assets managed externally.

The $17bn pension fund wants to hire a manager to help it achieve diversification across vintage year, industry sector and strategy type.

The state's $769m Highway Patrol Retirement System is considering investing in secondaries.

The pension will only accept fund of funds strategies that focus solely on secondaries.

After combining infra, real estate and timber into a single real assets unit in 2011, CalPERS is considering consolidating its strategy.

The $180bn pension fund manager is an active seller on the secondaries market and committed to Ardian and Lexington Partners vehicles last year.

The independent secondaries firm is searching for an investment manager who will focus on the strategy from its Paris headquarters.