In this issue

CIOs vote with their feet

Casey Family Programs seeks a director of investments

Pension underfunding: more pressure to perform?

Comings and goings

Michael Travaglini and MassPRIM: Pay, Performance and Politics in Boston

In our last letter, we noted the muddle in Missouri over incentive pay for public pension managers. Missouri, like many states, is in fiscal lockdown. In this climate, the politicians are reluctant to pay fund managers a bonus, however much they’ve earned it by saving the taxpayers hundreds of millions they would otherwise have had to ante up for pensions. Still, the managers affected are – so far – still at their stations in Jefferson City.

In this issue

Only the best for Oprah

Foundation position available

Pay, performance and politics

Comings and Goings:

Peter Adamson: Only the best for Oprah

Oprah Winfrey, the world’s first self-made female billionaire, hires whoever she needs to do whatever she wants: chefs, trainers, hairdressers, couturiers and pop-psychologists.  Now she needs a top-flight money-wrangler to set up a family office and has plucked Peter Adamson from his current job as chief investment officer for the $5 billion Eli Broad interests in Los Angeles.

In this issue

Rosalind M. Hewsenian, Leona Helmsley, The Helmsley Trust

Kristin Gilbertson tells all:

Hedge funds and new money — a speed bump ahead?

Money managers — picking the right horse

Wanted: Endowment Model 2.0

CIOs and greener pastures

Public pensions seeking hedge funds

The Endowment Model – time for a tune-up?

In This Issue

• Public pension plans: it’s an “Absolute” future
• Management transition two ways
• Goldman Sachs wants to be your only outsourcer