This content is from: Opinion
The Daily Brief
In 2008, Harvard Management Company learned what pension funds had known since 2002: liabilities matter.
- In 2008, Harvard Management Company learned what pension funds had known since 2002: liabilities matter. (I also find it interesting to see how fast Harvard went from being a case study of how to run an endowment to being the case study of how not to run an endowment. It's really quite remarkable.)
- Heres a really nice piece in the WSJ highlighting the irony of public pensions' passion for private equity.
- Malaysia's Khazanah is apparently looking to raise $3 billion by listing its big healthcare subsidiary, Integrated Healthcare.
- Kazakh's Samruk-Kazyna will sell "non-specialized assets". Im not quite sure what that means or whether its part of the 'People's IPO'. But when theres a new boss, there are generally new priorities. And so it goes at SK.