Sports Betting as an Asset Class
UK hedge fund researchers find systematic sports betting can diversify and outperform traditional assets.
Asset Allocation
Cambridge Endowment Warns its Managers on Carbon Risk
Engagement trumps divestment for the $8.7 billion British university fund.
Europe’s Asset Management Crunch
Providers have suffered from their clients’ de-risking and insourcing, research shows.
The Not-So-Special Specialists
Research has found significant portfolio overlap between specialists and generalists—as well as comparable risk-adjusted returns.
Hedge Funds Buckling Under Fee Pressure, LP Apathy
As investors pull away, funds are promising lower management fees and more transparency.
Litigation Finance 101
What asset owners can learn from Hulk Hogan’s lawsuit financing.
How Much Should Smart Beta Cost?
One provider thinks it should be free—at least if it doesn’t outperform traditional indexes.
Diversification Beats Portfolio Optimization: Study
Equally weighted stock portfolios consistently rank among the largest mean returns, best Sharpe ratios, and lowest turnover, according to Horizon Investments.
Ex-HP CIOs on the Ideal Asset Allocation Model
Move away from the policy portfolio and dive into factors, long-short positions, and alpha-beta separation, Ken Frier and Gretchen Tai argue.
Asset Owners Reevaluate Tobacco
Just as America’s largest pension fund weighs getting back into tobacco investment, the world’s largest insurance fund announces a break up with the sector.
Kentucky Pension Recommits to Hedge Funds Amid Governance Turmoil
The Kentucky Retirement Systems approved new hedge fund investments as controversy reigned over fund leadership.
Impact Investing is ‘Thriving’: Survey
Investors are putting more money towards social and environmental causes, and reporting encouraging results.
The Yale (and Harvard, Stanford, MIT…) Model
Elite endowments don’t have a “secret recipe” for high returns, but rely on riskier assets for outperformance, according to a paper.
How Twitter Can Help Investors
Research shows that the social media platform provides predictive information regarding future company fundamentals.
Are Insurance Giants Giving Up on Hedge Funds?
AIG and MetLife will be redeeming more than $5 billion in hedge funds combined—but their exits may not mean a mass exodus among insurers.