Marine Cole

Cambridge Associates COO Steven Nelson will succeed Peter Freire who left in June after two years.

Multi-strategy managers are vying for SMA money, with KKR reportedly in line to land a $3bn whopper.

The Oregon Investment Council plans to hire three new investment officers to focus on private equity, real estate and other alternative investment strategies.

After more than a decade at the pension, which has $19bn of its assets in real estate, he will be replaced on an interim basis by deputy CIO Jerry Albright.

Performance for the Canadian pension plan’s private portfolio, which continues to grow, is in line with last year’s.

The asset class's performance declined from in 2016 from the previous year, when it posted a 15.3 percent return.

The price and number of shares are yet to be determined by the firm which has about $274bn of assets under advisement and $40bn AUM. 

The California pension plan cut its interim allocation to private equity from 10 percent to 8 percent.

The Tennessee Consolidated Retirement System is betting on alternative asset strategies for long-term growth while revising its allocations to other asset classes, including equities and fixed income.

Real estate fund of funds Metropolitan Real Estate raised $550 million for its Metropolitan Real Estate Partners Secondaries & Co-Investments Program, which had an initial target of $450 million.