Endowments Returns Drop, Outsourcing Steadies
A difficult 2015 fiscal year pushed endowments’ 10-year returns down to 6.3%, according to NACUBO-Commonfund’s annual study.
Asset Allocation
CalPERS Leads Record Year for Unloading Real Estate
The secondaries market has never been so hot.
Shoot for Alpha, Not Beta in Low-Returning 2016, Mercer Says
Opportunistic and dynamic strategies are key to adding value as few asset classes are still considered “cheap.”
The Hidden Costs of Passive Investing
The idea that capitalization-based indexes are costless is “lunacy,” according to Research Affiliates.
Big Names Back Long-Term Value Index
The new tool will allow long-term investors to “put their money where their mouth is,” according to CPPIB’s Mark Wiseman.
High Yield’s Liquidity Conundrum
Renewed investor concerns over high yield bond portfolios led Fitch Ratings to take a deep dive into their construction.
Norway SWF to Review $471B Equity Pool
A nine-person committee will assess how the sovereign fund should adapt its equity strategy for an expected low-growth environment.
Hedge Fund Liquidations: Shakeout or Blip?
Bain Capital, Fortress, BlueCrest, and Nevsky have unwound multi-billion dollar funds in recent months.
Bill Gross: “We Are Broke and Don’t Even Know It”
The impending costs of an aging population are too high to ignore, says Janus' bond king.
Alternative Investing’s Slowdown
Fundraising in private equity and real estate debt declined in 2015, as dry powder stacked up.
Why Real Estate Investors Love the US
While real estate opportunities in the US might be pricy, they’re also the most stable, according to a survey.
The Contrarian World of Sovereign Funds
Post-crisis, SWFs are moving away from global asset management trends, portfolio analysis has shown.
Capturing the January to Halloween Premia—on the Cheap
Trend-following strategies can be a cost-efficient means of capitalizing on seasonal market movements, a leading quant argues.
Blackstone Fortune Teller Sees a Clinton Win, Equities Loss
Byron Wien, vice-chair of multi-asset investing, paints a grim year ahead (for US investors, at least).
Morningstar: Smart Beta Is Active Management
Investors should determine smart beta’s source of outperformance, how long the source persists, and how to implement the beta, a columnist has argued.