US Endowment Returns Lagged Public Pensions, Again
By more than 100 basis points, higher education funds underperformed public pensions last year, according to NACUBO-Commonfund and Wilshire data.
Asset Allocation
Private Equity Appetite: Public vs. Private Pension Plans
US public pension plans thought more globally than corporate funds, with higher allocations to emerging market private equity.
Activism Skyrockets, But Investors Are Selling Fast
Only 36% of US activist investors say they have an average holding period of more than one year, according to a survey.
Should CalPERS Have Doubled Before Quitting Hedge Funds?
A larger allocation to hedge funds could reduce risk and increase the Sharpe ratio, but the current fee structure “feeds mediocre strategies,” according to MPI.
AQR’s Asness: Hedge Funds Aren’t as Bad as You Think
Cliff
Asness has claimed 2013 was only a “mildly disappointing” year for hedge
funds, but they could be cheaper.
CalPERS CIO: Why We Ditched Hedge Funds
Ted Eliopoulos talks hedge funds, climate change, and tax policy.
Investors Growing Skeptical of Hedge Fund Benefits
A survey of institutional investors has shown that enthusiasm for hedge funds is cooling, while infrastructure and real assets are areas of increasing interest.
Swedish State Pension Fund to Cut Fossil Fuel Companies
AP2 has outlined plans to sell out of 20 companies following analysis of the financial risk posed by climate change.
Giant Japan Pension Warned on Broadcasting Investment Plans
A leading pensions adviser has told Japan’s Government Pension Investment Fund to keep schtum on plans to buy equities.
Giant Asian Pension to Cut Alts, Refocus on Home Stocks
In
an apparent about-turn, the world’s fourth largest pension is bringing
investments home.
The World Bank's $1 Trillion Infrastructure Plan
BlackRock, la Caisse, SWFs, and governments have signed up to the
Global Infrastructure Facility.
Graphic: The Changing Face of Corporate Bond Ownership
Goldman Sachs has tracked who has owned corporate debt since 1970.
Have Managed Futures Funds Turned a Corner?
After two years of redemptions and underperformance, one hedge fund strategy has seen a mini-revival.
Private Real Estate: More Money, More Problems?
Fewer managers, fewer opportunities to invest, but record amounts of cash: Private real estate is a sector with issues to resolve.
Private Equity Activity Set to Soar in Q4
A lacklustre capital-raising summer could be followed by an action-packed end to the year, Preqin data suggests.