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Updated · Pensions & Investments · Jun 26Chicago Teachers Puts 2nd International Equity Portfolio on Watch List
1 articles · Updated · Pensions & Investments · Jun 26Summary
- Chicago Teachers added a second international equity portfolio to its watch list, escalating scrutiny of the mandate over performance concerns.
- Performance was the stated reason for the move, signaling the pension fund sees continued underdelivery rather than a one-off setback.
- The action highlights tighter oversight of external managers as large public pensions press for results in international equity allocations.
Insights
As pension funds chase returns, are they ignoring the growing conflicts within private equity? Can Nuveen's 'do-no-harm' pledge prevent the talent exodus typical in large financial mergers?