Can the strategy that changed baseball—finding underpriced
skill with better metrics, not more data—work for investment management? NEPC's
CIO Tim McCusker thinks so.
Retired workers in the bankrupt city of Detroit, Michigan, have accepted cuts to the pensions as part of a plan to help the city re-emerge from bankruptcy.Headlines
Practices by two hedge funds have been criticised by the Permanent Subcommittee on Investigations for their use of “basket option structures” to crank up leverage and reduce tax bills.Headlines
ending “too big to fail,” the 2010 Dodd-Frank Act has further entrenched the
concept into government policy, a GOP report has said.Headlines
Governor Jerry Brown has signed a bill forcing board members at CalPERS to brush up on their investment knowledge.Headlines
Interested? The Treasury Department will host a summit for institutional allocators and government officials on September 9.Headlines
regulators have claimed dozens of prominent hedge funds and asset managers were
part of an insider-trading scheme involving health care companies.
Angelien Kemna is to hand her role as CIO of Dutch pension fund manager APG to Eduard van Gelderen on September 1.
Redington’s quarterly risk-adjusted returns report shows high yield has dominated in the short term, but risk parity was the long-term winner.Headlines
The global asset management industry made profits of $93 billion in 2013, but traditional managers face disruptive challenges, the Boston Consulting Group has said.