Just as America’s largest pension fund weighs getting back into tobacco investment, the world’s largest insurance fund announces a break up with the sector.
The Kentucky Retirement Systems approved new hedge fund investments as controversy reigned over fund leadership.
Investors are putting more money towards social and environmental causes, and reporting encouraging results.
Elite endowments don’t have a “secret recipe” for high returns, but rely on riskier assets for outperformance, according to a paper.
Research shows that the social media platform provides predictive information regarding future company fundamentals.
AIG and MetLife will be redeeming more than $5 billion in hedge funds combined—but their exits may not mean a mass exodus among insurers.
Research indicates that pension funds are much better at buying low than they are at selling high.
The $343 billion insurance fund has so far submitted notices of redemption for $4.1 billion.
Investors had “more ambitious return targets” for private equity than hedge funds, but were under-allocated to the asset class, according to Preqin.
An independent think tank claims sovereign wealth funds are unlikely to have been forced sellers.