Success in unlisted markets is a key indicator of a CIO’s skill, researchers claim.
“Stringent” governance is necessary to succeed in the opaque asset class, researchers argue.
Large, diversified asset managers often underperform their smaller, more focused rivals, research shows.
Underperforming private equity firms often overstate portfolio values when launching new funds, a study has found—but investors don’t fall for it.
As UK public pensions prepare to pool their investments, pension consultants are rethinking their propositions.
Researchers from the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board suggest a better benchmark for evaluating buyout funds.
Relative performance results offer little insight into manager skill, writes Morningstar’s research VP.
The smaller hedge fund mandate will prioritize risk-mitigating strategies and lower fees.
Managers and investors alike express discontent over fees while continuing to rely on placement agent services.
Which alternative assets provide true diversification and outperformance? And which aren’t worth the fees?