Arden Asset Management is likely losing its mandate to manage MassPRIM's hedge fund allocation as a fund-of fund manager, but it has assumed a new role for the scheme, helping to transition the scheme's hedge fund assets to direct investments.
The darlings of institutional investors last year, commodities and emerging market stocks have fallen from grace this year as economic turmoil continues to wreak havoc on markets.
The root of the problem for portfolios today among US investors, from individual retirement accounts to institutional pensions, is home market bias, according to PIMCO.
While hedge funds have a potentially valuable role in reducing overall portfolio risk due to their low correlation with other assets, their overall superior risk and return characteristics are questionable, according to a newly published paper.
If investors combine various asset classes, they can create a portfolio that is similar to a global market-cap portfolio, cutting volatility and increasing their Sharpe ratio, says Antti Ilmanen, managing director of AQR Capital Management.
Many investors remain underexposed to international small cap stocks -- an underweight that could be increasingly costly, according to a whitepaper by Morgan Stanley Investment Management.
The New Zealand Superannuation Fund is in discussions with Harvard Management Company over the purchase of Harvard’s majority stake in the Kaingaroa forest estate.
Hedge fund fees are getting a makeover as consultants urge for fund managers to be compensated for their skill and not just for delivering market returns.
From aiCIO Magazine's April Issue: When you're investing outside the mainstream, it's not just what you're doing that counts, it is what everyone else is doing too.
