Will Cutting Down on External Managers Make a Difference?
Sure, it can help lower investment fees. But those after-fee returns? Researchers say that’s a mixed bag.
Asset Management Culture
Expect More Inflation Ahead, but Not 1970s Levels, BlackRock Says
Asset management titan thinks pandemic stimulus and new Fed tolerance should lead to increases in the 2.5% range.
Ray Dalio Sides with Chinese Regulators over Jack Ma
Foiled IPOs be damned, diversifying into China is worth the risk, according to the Bridgewater founder.
Scottish Widows to Divest £440 Million from Firms That Fail ESG Standards
UK insurance and pension provider targets companies that it says pose the most severe investment risks.
Principles for Responsible Investment Calls for Reversal of Anti-ESG Trump Policies
CEO of UN-backed group says Biden administration has opportunity to ‘make American finance great again.’
Two More Pension Funds Apply to Treasury Department for Benefits Cuts
Arizona Bricklayers’ fund submits its first application, while Michigan Carpenters’ fund applies for the second time.
J.C. Penney Completes Pension Liabilities Transfer to PBGC
The long-beleaguered American retailer is offloading its obligations as part of a sale to mall operators Brookfield and Simon Property.
Ivy League Endowments Underperform 60-40 Portfolio Again
Average university returns fall short of a passive portfolio over one- and 10-year periods.
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
University Endowments Urged to Hold on to Private Commitments
For allocators, keeping a long-term investment horizon in the face of immediate challenges is key, NEPC says.
Harvard Endowment CEO Goes from ‘Not Pleased’ to ‘Proud’
Three years into his five-year transition plan, Narv Narvekar says the ‘signs are encouraging.’
Yale’s Swensen to Asset Managers: Hire More Women and Minorities
The decision to track investment firms’ progress would have a ‘seismic’ shift in the industry.
Loomis Sayles CIO to Retire in March
Jae Park, who will retire after 19 years at the firm, will be succeeded by David Waldman.
New Mexico Teachers’ Pension to Divest from Private Prisons
The $12.75 billion fund has been under pressure to sell stakes in CoreCivic and the GEO Group.
OMERS to Sell Detroit River Rail Tunnel Stake for $312 Million to Canadian Pacific
The pension fund has been invested in the transnational transport system for nearly two decades.