McKinsey: Alternatives Are Now Mainstream
Investors
facing “structural forces” will increasingly turn to alternatives for values “beyond
alpha,” McKinsey & Co. has said.
Asset Allocation
CalPERS and UBS Form $500M Infrastructure Partnership
The largest
US public pension plan will pursue infrastructure opportunities with UBS across global markets in the next few years.
Emerging Market Inflows Surge to 18 Month High
High yield and money market funds are out as investors look further afield for returns.
Wellcome Trust Digs Deep for Co-op’s Agribusiness
The UK’s largest endowment has boosted its farming business with a £249 million purchase.
Private Debt: the Up-and-Coming Alternative Player
Investors
are increasingly re-allocating capital from traditional fixed income and alternatives to
private debt, Preqin has said.
Frothy Valuations? Dial Back Risk, Bank Says
Swiss bank UBS has argued that a recent wobble by a Portuguese bank demonstrates how susceptible markets are to bad news.
How Much Can Corporate Sponsors Shape Pension Asset Allocation?
Firms highly
invested in innovation allocated more to private equity while companies with
large land holdings invested heavily in real estate, according to a study.
CalPERS Beats Targets, Scrutinizes Hedge Fund Program
Interim CIO Ted Eliopoulos called the equities portfolio’s 25% return “a very big number.”
White House Launches $10B Rural Infrastructure Fund
The US
Department of Agriculture will connect institutional investors to opportunities
in rural water systems, energy projects, food systems, and infrastructure.
Foundation Returns Up, Outsourcing Down in FY2013
Amid bullish markets, asset owners dropped OCIOs and consultants, onboarding more managers instead.
How Do YOU Invest for the Long Term?
Investors’ views on how to approach long-term investing are sought by a global institution.
High Yield Still the Sharpest Place to Be—But For How Long?
Redington’s quarterly risk-adjusted returns report shows high yield has dominated in the short term, but risk parity was the long-term winner.
Investor Appetite for Hedge Funds to Jump in H2
A whopping 97% of investors are set to increase their hedge fund allocation in the second half of 2014 as equity and bond market valuations remain high, Credit Suisse has found.
Private Equity Hire Signals Japan Pension’s Intent
Hiromichi Mizuno is to join the Japanese Government Pension Investment Fund’s investment committee as it seeks to diversify away from low-yielding bonds.
Sharpe Parity: the New Risk Parity?
UBS has enhanced the typical risk parity portfolio—and claims it outperforms.