Doing Private Equity in Public Markets
Returns before fees from PE-style stocks beat the real thing in a Harvard study—but expect a wild ride.
Asset Allocation
Why Trend-Following Isn’t Return-Chasing
The rule-based momentum strategy is a tried-and-true source of returns, argues Elm Partners.
Why Volatility Is Good for (Selling) Smart Beta
Factor investing will only get bigger in the next couple of years, a survey suggests.
NEPC: Slowdown is ‘Greatest Challenge’ to E&Fs
Nearly a quarter of endowments and foundations see zero attractive investment opportunities as fears about the economy mount.
Private Debt Key as UK Investors Turn Cautious
Worries about market performance are making the asset class look increasingly attractive, according to bfinance.
The Rise and Fall of Ziggy’s Bonds
How David Bowie’s innovation went beyond music, art, and popular culture—and into the portfolio of a major insurer.
Private Equity Returns Waver After Three Years of Gains
State Street’s global index of private equity funds reported losses for the first time since 2012.
Too Many ETFs 'Spoil Low Costs'
New entrants into the ETF space cause liquidity constraints and higher prices, according to research from the University of Mississippi.
NJ Pension: Alts Are ‘Worth It’
The most contentious parts of New Jersey's $79 billion portfolio also performed the strongest last year.
EY: How to Bring PE Reporting into the 21st Century
Private equity funds need to invest in digital operations to meet investors’ demands for transparent reporting—or outsource.
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.
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.