53 providers, $872 billion in discretionary assets, and more than 10,000 clients. All material subject to strictly enforced copyright laws. San Diego City Employees’ Retirement System invested in the Allianz Structured Alpha fund in October 2016 and had US$ 281,669,502 in the strategy as of December 31, 2019.In 2016, after strong inflows of investor capital, Allianz closed the Allianz Structured Alpha fund to new investors as of November 8, 2016, as it reached its capacity limit of US$ 7 billion.Keywords: Allianz SE, San Diego City Employees Retirement System.We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox© 2008-2020 Sovereign Wealth Fund Institute. The investment manager is on the lookout for other like-minded investors and has already made significant co-investments in recent years. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. No affiliation or endorsement, express or implied, is provided by their use. Among firms outside our Top Ten, Callan Associates was the only firm adding at least $10 billion. The reason is that the two funds, Allianz Structured Alpha 1000 LLC and Allianz Structured Alpha 1000 plus, were net buyers of puts and took significant losses in recent weeks on options trades. Name of Firm: Callan Associates Inc. Key contact and title: James A. Callahan, EVP and Head of Consulting Geographic location: San Francisco, CA (offices in Atlanta, Summit, NJ, Chicago, Denver) Telephone: 415-974-5060 Email: Callahan@callan.com OCIO Assets Vs. Total Assets under advisement: $21 billion in discretionary assets under management, $2 Trillion non-discretionary advisory The Allianz Structured Alpha 1000 plus seeks to generate returns of 10% to […] SWFI is a minority-owned organization. Following the acquisition, Mercer became the largest investment consulting firm in the world based on the amount of assets under advisement. The P&I/ Towers Watson Global 300 research reveals that concerns about ongoing uncertainty in global markets […]On the first page of the British Columbia Investment Management Corporation (BCIMC) annual report is a flow chart titled “complexity and connections”, outlining how the Japanese earthquake and subsequent tsunami and nuclear disaster sent shock waves through the global economy. The reason is that the two funds, Allianz Structured Alpha 1000 LLC and Allianz Structured Alpha 1000 plus, were net buyers of puts and took significant losses in recent weeks on options trades.The Allianz Structured Alpha 1000 plus seeks to generate returns of 10% to 14% annually, net of fees, on top of the 90-day Treasury bill.In 2014, upon recommendation from investment consultant Callan Associates, the Alaska Retirement Management Board committed US$ 200 million to the Allianz Structured Alpha 1000 Plus fund. Callan Associates is a large advisory firm with 621 clients and discretionary assets under management (AUM) … Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. One of the largest fully independent and employee-owned investment consulting firms in the US, RVK (formerly R.V. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. It serves fund sponsors, financial Investment strategies for the world's largest institutional investorsInvestment strategies for the world's largest institutional investorsThe recent alliance between Mercer Investment Consulting and Callan Associates to acquire the bulk of Evaluation Associates – the investment consulting arm of Milliman Inc – could be the start of a cooperation that targets other potentially attractive acquisitions in the US industry.This latest deal continues the close relationship between Mercer and Callan in the wake of their failed merger deal in early 2009.As part of the deal, Callan Associates would acquire 10 public defined-benefit clients from Evaluation Associates.The total value of the assets under management from these public sector clients was not disclosed, but Evaluation Associates has $200 billion of assets under advisement.This is the biggest co-operation between the Mercer and Callan since their failed 2009 courtship.There has been speculation this could be a taste of things to come, with the two consulting giants potentially co-operating to target further attractive acquisitions in the US consultation market.Mercer announced in October last year it would quit the US public fund arena, and this could allow both Mercer and Callan to each carve out distinct areas of any potential acquisition’s client base.“By co-operating on this transaction, Mercer and Callan are able to pursue their separate, strategic goals in the investment consulting market,” a Mercer spokesperson said.The consolidation in the US industry has been driven not only by the usual merger and acquisition considerations but also by the changing nature of investment consultancy.Investors are increasingly demanding a better alignment between liabilities and asset management and more skills in alternative investments – something many boutique firms may struggle to provide.A watershed in this change came last year when Hewitt Associates snapped up Chicago-based Ennis Knupp in a deal that made them one of the biggest investment consultancies in the world.The deal combined Hewitt’s actuarial business and extensive skills managing pension risk with the investment management talents at Ennis Knupp, allowing it to provide advice that could provide expertise on both sides of a fund’s balance sheet.Mercer also moved to take advantage of this investor demand for deeper resources and knowledge when it bought St Louis-based Hammond Associates in January.Not only did it give Mercer a foothold in the endowment, foundation and wealth management segments of the US market, but it also provided another attractive area of specialisation to potential clients.This latest deal further bolsters some of the benefits of the Hammond acquisition.Evaluation Associates said that half of its 155 clients consisted of a variety of non-profits, including education endowments, private foundations and religious organisations.