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New York pension chief criticises private equity fees and retail expansion

The chief investment officer of New York City's $326bn pension system has criticised rising private equity fund expenses and warned that managers' growing focus on retail investors could undermine…

  • Monte Tarbox criticizes private equity fees, questioning investor priorities
  • Warns of liquidity risks in retail private equity funds
  • Major firms expanding retail offerings amid investor redemptions

Treasuries lose appeal as portfolio hedge amid inflation pressures, Citi warns

US Treasuries are becoming less effective as a portfolio hedge as persistent inflation, rising bond supply and higher interest rates undermine their traditional defensive role, prompting investors to…

  • Citi warns US Treasuries losing appeal as portfolio hedge
  • Persistent inflation, bond supply, and higher rates weakening Treasuries
  • Investors exploring alternatives like hedge funds and commodities

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