NY CIO: Fix Public Fund Compensation—Or We May Fail
Dramatically underpaying staff relative to market threatens funds’ long-term solvency, according to top CIOs.
Home Listing
Asset Owners Take Aim at Governance, Climate Risks
Railpen raises “significant concerns” about the Reckitt Benckiser board, as CalPERS brings climate risk reporting to Rio Tinto.
Kaiser Permanente CIO Quits for NY-Presbyterian
William Lee will take over the $7 billion health care fund June 1.
New CIO for Pennsylvania’s $25B Pension
The state’s employee pension plan has tapped Bryan Lewis to begin his post at the end of June.
Is Your OCIO Provider Doing a Good Job?
Determining an OCIO provider’s “success” is tricky business, Russell Investments argues.
Smart Beta Indexes Fall Short of Factor Investing
Research shows popular smart beta indexes fail to fully capture factor exposures.
E&Fs Warm to Impact Investing
A poll of endowments and foundations found impact investors are motivated by strong returns and mission alignment.
Tell Your Board to Get Real, Managers Warn
It’s hard. Do it anyway, say execs from Prudential, State Street, and Strategic Investment Group, plus Nouriel ‘Dr. Doom’ Roubini.
AIG Dropping Half Its Hedge Fund Portfolio
The $343 billion insurance fund has so far submitted notices of redemption for $4.1 billion.
Private Equity vs. Hedge Funds: A Battle of Expectations
Investors had “more ambitious return targets” for private equity than hedge funds, but were under-allocated to the asset class, according to Preqin.
Dalio: What It Takes to Make It at Bridgewater
A third of new hires last less than a year at the world’s largest hedge fund.
Half of Largest Investors Ignoring Climate Risks
An index of the world’s 500 largest asset owners shows that many are doing little or nothing to address climate change risks.
Low-Vol Investors: Beware of Rising Rates
Low-volatility investing is “just a bet on falling interest rates,” according to Greenline Partners.
The Accountability Principle
Current performance attribution models can be improved by holding individuals accountable, explains AlphaEngine’s Arun Muralidhar.
Backing Talent, Not Track Records
Family-office cowboys have new competition in niche seed investing: A $3 billion hospital fund.