Fixed income commentators are not as concerned about the long term impact of Gross’ exit as weekend headlines have indicated.
Salient Partners’ contract to invest the $10 billion public pension fund hangs in the balance heading into Thursday’s trustee vote.
Academic research has found managers really should stick to what they know—and the more they know, the better the returns.
Using external managers is falling increasingly out of
fashion Down Under.
The occasional big-name and several female managers will suffer in the California giant’s withdrawal from hedge funds. Insiders term the move a “non-event.”
Costs, complexity, and capacity all cited as the US’ biggest pension scraps hedge funds completely.
Dutch-flavoured long-term mandates have found investors in
Research by Preqin shows a lack of alignment of interests through fee structures is a major barrier to private equity investment.
One trustee called the public pension’s contract with OCIO Salient Partners “exorbitant,” charging “outlier-type fees.”
Custodians are striding in to fund management as banks fade out of the sector.