News
Volatile Raw Materials Supply Poses Risk for Energy Transition Funds
Many renewable energy deals that infrastructure fund managers are targeting rely heavily on natural resources, and accessing those raw materials is becoming increasingly difficult and risky. Christian Busken, Senior Vice President, Director of Real Assets, says: Managers will face pushback over environment issues and concern over labor practices when they try to get projects permitted.
Community Foundations Increasing Private Market Allocations, Responsible Investing Adoption: FEG
Investment advisory firm Fund Evaluation Group’s 2023 Community Foundation Survey finds increased interest and adoption of private investments, including hedge funds, and while the 70% equities/30% bonds strategic framework remains the “norm,” a “modest” increase in defensive strategies and portfolio diversifiers has been seen.
Christian Busken Featured on Nareit's REIT Report Podcast
Christian Busken, FEG Senior Vice President and Director of Real Assets, is featured on Nareit's REIT Report Podcast. In this interview, Christian shares his perspective on the likelihood of REITs becoming more attractive to private real estate funds. Busken also discusses the changing industry landscape as well as FEG's REIT strategy.
Hines Launches Venture Lab With Sustainable Real Estate Focus
Christian Busken, Senior Vice President, Director of Real Assets, says: The move could be challenging given the macroeconomic headwinds real estate is facing right now.
Greg Dowling Quoted In The Latest Wall Street Journal Article
Greg Dowling, FEG Head of Research & CIO, was mentioned in the latest Wall Street Journal article titled "Macro Hedge Funds Hit by Financial Turmoil".
FEG Sponsors New Cincinnati Art Museum Exhibit
FEG Investment Advisors is proud to sponsor the new Cincinnati Art Museum exhibit Roberto Lugo: Hi-Def Archives.
The exhibit features ceramics from Roberto Lugo along with selections of the museum's Rookwood pottery collection. Roberto is a Philadelphia-based artist, educator, and poet. His ceramic works combine classic forms of pottery with hip-hop elements as he aims to carry on ceramic tradition in a manner that of which honors his community and cultural roots.
"I'm proud that FEG is a presenting sponsor of the event and bringing Roberto's work and a celebration of Cincinnati's craft history to the public," said Bill Goslee after attending the exhibit's opening.
Institutional Investors Push for Bigger Say in Managers' Proxy Votes
FEG Investment Advisors Senior Vice President Matt Veith discusses the Vatican Investment Guidelines: "While most Catholic institutions already had language in their investment policies in line with the guidelines, one new aspect for many of these institutions is additional due diligence on investment managers. Catholic institutions must assess a manager’s 'expertise and values for translating investment policy into faith-consistent decisions,' according to the Vatican’s standards."
"Catholic institutional clients have spoken to FEG about adding new language to their investment policies as it relates to 'dialoguing with companies via proxy voting to affect change' that is more consistent with the church’s guidelines, Veith said. But while these clients are only just beginning to give managers direction on proxy voting, some large institutions have been providing standards to their managers for some time."
Fund Evaluation Group CEO Becky Wood Retiring; Alan Lenahan to Succeed
Alan Lenahan will become CEO of downtown-based Fund Evaluation Group, which operates as FEG Investment Advisors, on Jan. 1, 2024. Current CEO Becky Wood will retire at year-end. The move prompted several other changes at investment advisory and consulting firm FEG. Those include Bill Goslee being promoted to President Jan. 1, 2024. Wood will remain on the board and serve as board chair after she retires. Lenahan and Goslee are joining the board immediately.
FEG President, CEO Becky Wood to Retire at End of 2023
Fund Evaluation Group LLC, also known as FEG Investment Advisors, an employee-owned investment advisory with $71 billion assets under advisement, announced that Becky Wood, its president and CEO, will retire at the end of 2023 after five years at the helm of the organization and more than three decades of service to the firm.
Current CIO Alan Lenahan will take over as CEO, while Bill Goslee, the current head of institutional services, will take over as president, both in 2024. Additionally, Nolan Bean was promoted from head of institutional investments to co-CIO, effective immediately, joining Greg Dowling.
Resource Capital Funds Seeks $250 Million for Mining Bets
Christian Busken, Senior Vice President and Director of Real Assets, is quoted saying, "Private-equity investment in mining remains a niche, technical business that many investors aren’t very familiar with and large alternative-asset managers tend to avoid. Despite an increased recognition among investors of the important role that battery metals are playing in the shift to clean energy, some remain reluctant to back extractive industries."
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The information in the articles is from various sources. Neither the information or any opinion expressed in any of the articles constitutes an offer, or an invitation to make an offer, to buy or sell any securities. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information is provided as of the date indicated and believed to be reliable. FEG assumes no obligation to update the information, or to advise on further developments relating to any article or the information referenced within.
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