US Endowment Returns Lagged Public Pensions, Again
By more than 100 basis points, higher education funds underperformed public pensions last year, according to NACUBO-Commonfund and Wilshire data.
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HF Managers Cautioned to Avoid Herd Mentality
Managers are intent on launching new products as growth slows, consulting firm EY says, but shouldn't rely on past performance alone.
Royal London CIO to Exit After 10 Years
Power 100 alumnus Robert Talbut is to leave Royal London Asset Management at the end of 2014.
US Companies ‘Must Pay $110B More to DB Plans’
Improving life expectancy is expected to add billions to the amount companies must pay into their defined benefit plans.
Outsourced Investment is Uncontested and Unmeasured, says KPMG
A worrying trend has taken hold of UK outsourced investment/fiduciary management, the consulting firm has warned.
Private Equity Appetite: Public vs. Private Pension Plans
US public pension plans thought more globally than corporate funds, with higher allocations to emerging market private equity.
CalPERS Hails Stockton Bankruptcy Ruling
The $300 billion pension is celebrating a reversal of a decision to impose huge cuts on public workers’ pensions.
PIMCO Rehires Two Staff as Post-Gross Rebuild Continues
Nobel Laureate Michael Spence has returned to the fund management giant just eight months after leaving.
UK Pensions Slow Risk-Reduction as Funding Levels Improve
Fixed income allocations are down as UK pension funds gain stability.
Activism Skyrockets, But Investors Are Selling Fast
Only 36% of US activist investors say they have an average holding period of more than one year, according to a survey.
Slow Progress on SWF Governance Standards
Only
nine of 31 sovereign funds fully complied with the governance and disclosure
standards of the Santiago Principles, according to GeoEconomica.
Hermes: Why Emerging Markets Will Avoid Another Crisis
Chief Economist Neil Williams argues emerging markets are better positioned to handle interest rate rises in the US.
Is Your Consultant Breaking the Law?
Consultants could be breaking US law by recommending their own investment management services, a government official has said.
What Crisis? Fund Management Bonuses Approach 2007 Peak
Fund managers' compensation is on the up, as hedge fund and investment banking incentives stagnate, say consultants.
Should CalPERS Have Doubled Before Quitting Hedge Funds?
A larger allocation to hedge funds could reduce risk and increase the Sharpe ratio, but the current fee structure “feeds mediocre strategies,” according to MPI.