SEC Examining Carlyle, Apollo Fee Practices
The US regulator made “informal requests” for more information regarding the two private equity firms’ fees and expenses.
News Archive: Feb - 2016
DDIY: Don’t Do It Yourself
Taking control is a lot more nuanced than deciding to in-source vs. outsource, says CIO’s European Editor Nick Reeve.
Newsmakers
Control Freaks
The biggest fund managers in the world are doubling down on multi-asset. Are asset owners willing to cede control?
How Sharpe Ratios Can Fail
Risk measures used for Sharpe ratios are not consistent with investors’ long-term time horizon, Aon Hewitt says.
Kentucky Pension Fights to Retain Control of Governance
Proposed legislation would give state government the final say on trustee selection, staffing, promotions, and provider contracts.
Risk Parity, Smart Beta, OCIO: The Survival of Buzzwords
Once dismissed as fads, these strategies’ staying power took investors by surprise—but shakeouts loom.
TIAA’s OCIO Wins Another Mandate
Covariance Capital Management will manage a portion of the University of Connecticut Foundation’s $363 million endowment.
The Death of LDI?
In some locales, the theory of liability-matching is coming up against the reality of markets.
Investors Still Betting on Hedge Funds in 2016
Even after a year of middling returns, nearly half of surveyed asset owners plan to grow their allocations, Deutsche Bank has found.
Inalytics Expands Into US Markets
The financial technology firm is also bringing manager analysis to fixed income and credit.
TIAA-CREF Rebrands as TIAA
The asset-managing giant said it would aim for “simplicity, clarity, and engagement” with a shortened name.
Bain: PE Investors Should ‘Temper’ Their Expectations
A maturing industry combined with possible recession could lead to a convergence of private equity and public market returns, according to Bain & Company.
The True Cost of Smart Beta
New forms of passive investing haven’t brought down costs—in fact, some providers may be charging a premium for their “innovation,” Morningstar says.
Manager Selection
A CIO’s Guide to Two Weeks in China
Translators (don't), the local liquor (do), and what's actually achievable (half of what you expect) on this asset owner rite of passage.
‘Brexit’ Fears Mount for Asset Managers
The UK will vote on its membership of the EU this summer, and asset managers are already weighing the risks they face.