New York Pension Fund Dumps Gun Stocks
School shooting in Newtown, Connecticut leads pension fund to fully divest from the firearm industry.
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Is This An Equities Bubble I See Before Me?
BoA Merrill Lynch warns of equities “melt-up” after seeing signs of an overshoot on the horizon.
Monoline Insurer Fights Back on Goldman Sachs MBS Losses
Goldman Sachs forced back to court over MBS portfolio.
When ESG Means Alpha
Negative screening is passé, welcome to the era of outperforming ESG.
UK Regulator Offers Help For Struggling Employers
A softer approach results in calls for greater flexibility from trustees.
Flight to “Exotic” Fixed Income Funds is a Global Phenomenon (Except for Canada)
EM debt and absolute return strategies dominate manager searches.
Hedge Fund Leverage Approaches All-Time High
Remember when “leverage” was a dirty word? It isn’t any more.
Tilting Portfolios to Take Advantage of Inflation Cycles
Which assets perform best throughout the inflation/deflation cycle – and how to make sure you access them.
Emerging Markets Turn to Developed World for Growth
Brazil’s largest pension funds to invest billions in developed regions.
De-Risking Amid Low Rates? Ditch Your Glide Path, Says Cambridge Associates.
CIOs can do better than the traditional strategy of replacing stocks with long-duration bonds, according to the consultancy.
Harvard Ethics Scholar: Investment Consulting Swimming with Corruption
Misaligned interests, placement agents, and the disappearing line between consultants and asset managers have corrupted the industry that’s specifically tasked with protecting retirement assets, one academic contends.
Long-Term Investors Reduce Volatility, Improve Corporate Responsibility
Virginia Tech researchers have linked long-term shareholders to improved corporate citizenry and higher stock valuations—but profits take a small hit.
Preqin: Public Markets Beat PE Returns
The S&P 500 and other major stock indices topped private equity performance in Preqin’s latest data.
Brown University Names New CIO
A former hedge fund manager will lead the school’s $2.8 billion endowment starting in June.
Norges Bank’s Five-Factor Equity Risk Model
The factors: Expected dividend growth, expected dividend level, equity risk, expected inflation, and interest rates—and only one is typically priced-in, according to Norway’s state investment managers.