What Your Private Equity Picks Say About You
Success in unlisted markets is a key indicator of a CIO’s skill, researchers claim.
Manager Selection
Why Endowments Outperform in Private Equity
“Stringent” governance is necessary to succeed in the opaque asset class, researchers argue.
Specialization Means Outperformance, Report Claims
Large, diversified asset managers often underperform their smaller, more focused rivals, research shows.
LPs Not Fooled by Inflated PE Valuations
Underperforming private equity firms often overstate portfolio values when launching new funds, a study has found—but investors don’t fall for it.
An End for Consultant Manager Selection?
As UK public pensions prepare to pool their investments, pension consultants are rethinking their propositions.
Debunking Private Equity Performance
Researchers from the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board suggest a better benchmark for evaluating buyout funds.
The ‘Mirage’ of Relative Performance
Relative performance results offer little insight into manager skill, writes Morningstar’s research VP.
New Jersey Pension Halves Hedge Fund Exposure
The smaller hedge fund mandate will prioritize risk-mitigating strategies and lower fees.
Placement Agent Use Up Despite Dissatisfaction
Managers and investors alike express discontent over fees while continuing to rely on placement agent services.
Winners and Losers in Alternatives
Which alternative assets provide true diversification and outperformance? And which aren’t worth the fees?
The ‘Disruption’ of Asset Management
Asset owners are turning to passive and multi-asset strategies in search of low cost and outcome-focused investments.
The False Economy of High-Conviction Investing
Researchers at Standard & Poor’s argue that a ‘best-ideas’ approach has a number of downsides if asset owners rely on it too much.
The Masters of Factor Timing
Look to newer, smaller hedge funds with high incentive fees for the most timing ability, researchers have claimed.
How Political Ideology Affects Hedge Fund Performance
An “abnormal” political event can lead to a large disparity in investment performance between Republicans and Democrats, research shows.
The Rise of the ‘Mega LP’
Direct investors have some private equity firms looking nervously over their shoulders.