A CIO’s Guide to Two Weeks in China
Translators (don't), the local liquor (do), and what's actually achievable (half of what you expect) on this asset owner rite of passage.
Manager Selection
What Your HF Manager’s Resume Means for Returns
Former asset owners achieve double the alpha of the average manager, according to a study of UK hedge funds.
Leading UK Pension Pool to Hit £45B
A trio of the country’s biggest public pensions plan to team up with a pioneering partnership to create a major pool of assets.
Investment Costs ‘Halved’ by Pooling, Public Funds Claim
UK pensions report early wins from joining forces and assets, as officials scrutinize the experimental move.
The Bar for Managers ‘Has Never Been Higher’
Investors have high expectations for fee transparency, performance, and data security—and aren’t afraid to dump managers that fall short.
Investor Collaboration ‘Poses Threat to Asset Managers’
A wave of asset-owner partnerships could cause some managers to lose out, according to Cerulli.
USS Offloads $1B Private Equity Portfolio
One of the UK’s biggest pensions has sold interests in 13 vehicles to private equity specialist Ardian, preparing to go direct.
Investors Embrace Outsourcing—If Not OCIO
A quarter of institutional investors are already outsourcing to some extent, and that number will only grow, according to Natixis Global Asset Management.
Consultants vs. Smart Beta
Railpen’s Chairman John Chilman on the case for “alternative risk premia.”
‘Scrutinize Hedge Funds Now,’ Endowments Told
Investors must ensure they are holding the right funds for their needs, says Mercer.
The RFP From Hell
Will firms work harder for the money? A mammoth, all-custom, boilerplate-answers-banned solicitation out of Orange County’s pension bets yes.
Insourcing: Not All About Scale
Asset owners managing bonds and equities themselves say it's simpler—and more achievable—than many might imagine.
AIMCo Buys Stake in Alt Credit Specialist
The Canadian sovereign fund has taken a minority ownership stake in DFG Investment Advisers, one of its asset managers.
The ‘Myth’ of Small-Cap Alpha
Assumptions of market inefficiency fall flat as active managers crowd the small-cap space, according to Aon Hewitt.
Why Investors Should Hire a Chief Networking Officer
Cooperation, collaboration, and trust among peer investors are key to creative co-investment opportunities, academics have argued.