In-House Expertise Lacking at Health Care Funds
Tight budgets and small internal teams cause health and hospital systems to rely on outside consultants and OCIOs, according to Cerulli Associates.
Manager Selection
Don’t Try to Time Factors, Says Cliff Asness
The AQR founder argues there’s little benefit in timing factors as long as value spreads remain within normal historical ranges.
BlackRock Nets £2.8B Pooled Mandate for Welsh Public Pensions
The world’s biggest asset manager has pushed out Legal & General and State Street.
Reorgs, Reshuffles, Rethinks: Asset Management’s Overhauls
Firms including BlackRock, TIAA, and Bain Capital are making major changes to their businesses to meet evolving investor needs.
The New Pay Model for Asset Managers
How your fund managers will be rewarded in five years’ time is going to be very different from the present, according to PwC.
Princeton Defends Fee Spend to Legislators
The $22.7 billion endowment has been paying more to external managers over the last three years—but for top gains.
Why Benchmarks Lead to Bubbles
London economists argue that benchmarks encourage managers to invest in assets as prices go up, even when securities have no fundamental value.
Smart Beta vs. the Monkeys
A random approach to stock-picking may have been proven to outperform active managers, but can it trump smart beta too?
When Private Equity GPs Play Favorites
If you’re the heavyweight LP with discount fees, great. But what about everyone else?
The Factor-Based Approach to Fixed Income
Smart beta methods can work outside of equity markets, research shows.
UBS Launches Another OCIO Program
The asset management and wealth management groups will team up to target institutional clients with less than $250 million in assets.
Why Public Pension Giants and Hedge Funds Don’t Mix
FEG’s Nolan Bean explains why a large retirement system like CalPERS is unlikely to gain alpha from hedge funds.
Asset Managers 'Struggle to Meet Client Service Needs'
Asset management staff admit that client service is in need of improvement in a survey by BackBay Communications and OsneyMedia.
Debunking 130-30 Performance
“There is no panacea in the search for alpha,” an Aon Hewitt researcher warns.
Most Private Equity LPs Believe Interests Are Aligned
The real worry is valuations, according to a Preqin poll.