Pru Splits Latest Mega-Buyout Deal with Competitor
For the first time in recent years, a multi-billion dollar US pension-risk transfer will involve an insurer other than just Prudential.
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Aviva Investors Fined £17.6M over ‘Cherry-Picking’ Trades
Two former bond traders exploited “weaknesses” in the asset manager’s systems and controls to increase their take of performance fees.
Swedish Pensions Condemn Reforms after Stellar Year
Public pension executives are still waiting for government action after promised reforms were pushed back.
PE Firms Feel Investors’ Push on ESG Concerns
There are substantial barriers to overcome, particularly in collecting and comparing ESG data, according to a study.
Swedish Local Government Pension CEO to Exit
Lars-Åke Vikberg has run the KPA public pension fund since 2009.
Academic (Ir)relevance
Meet the professor putting research back at the heart of investing—and the asset manager who’s helping him.
Reports of My Death Have Been Greatly Exaggerated
Hedge funds nearly drowned in 2014, beset by bad news and bad returns. Prepare for a comeback.
NYC Pensions Boost Ethics Reform with New Hires
The $163 billion system has appointed chief risk and compliance officers and an internal auditor.
PIMCO’s Chief Economist Resigns—Again
Paul McCulley is leaving PIMCO for the third time, five months after Bill Gross’ own exit.
Time Heals Performance Wounds (and Makes Investors Pay)
Improving fund performance might be an illusion, academics have found—and one that is being exploited by managers.
Letters to the Editor: February Issue
Abuse for Assistant European Editor Nick Reeve and props on CIO’s coverage of diversity—or lack thereof—in asset management.
Rolling that Rock Back Up the Hill
Nick Bonn has spent the past three years attempting to restore State Street's image in the transition management space. Has he been successful?
NZ Super to Sue over Portuguese Banking Loans
The $20 billion pension is taking action after the collapse of Banco Espirito Santo last year.
The Search for the New Forty
From “aged, serious, and grey” to young, hungry, and humble: CIO seeks a fresh roster of Forty Under Forty.
The Hotbed of Risk Parity Innovation Is in… Wisconsin?
The philosophy of a whole-fund risk parity has taken root at two of the state's leading institutions—along with something extra.