The Most Consistent Names in Alternatives
If you want the best chance of top-quartile performance, turn to venture capital or buyout private equity funds.
Manager Selection
Swedish Funds Target €4B Real Estate Investment
AP1 and AP2 team up with property specialist TIAA-CREF to build out their joint property portfolio.
Replacing Hedge Fund 'Alpha' with Smarter Beta
Investors can access the risk premia from some hedge funds on more favourable beta-like terms, claims bfinance.
Apollo Is 'Deeply Undervalued’, Morningstar Says
Even with extremely conservative projections, the data firm sees Apollo as solid with sticky investors despite its weak stock price.
Investors Overpaying for Bad Private Equity Funds, Study Finds
Asset owners may be paying upwards of 20% of their private equity profits in carried interest—but not always for outperforming funds.
Start Soul Searching, CalPERS’ CIO Tells Private Equity
“What is an appropriate management fee?” How much should limited partners share in profits? Ted Eliopoulos suggests it’s time general partners and peers asked themselves some hard questions.
More Big Titles Filled in Mercer's Alts Units
The consulting giant has added a global leader of hedge fund manager research and North America alternative investments chief to its bench.
Asset Managers Lapped by HFs on Info Edge
Knowledge of assets and access to superior information are crucial to a manager’s skill and success—but many don’t have them.
The Case Against Hedge Fund Managers
Most funds are actually passive—not unlike alternative beta strategies—and even fail to deliver superior performance over the long term, according to recent research.
Liquid Investments: AP4 Hunts for Sustainable Water Manager
One of Europe’s most innovative pension funds is expanding its environmental focus.
Why Location Matters for Real Estate Funds
London and New York are prime locations for outperforming real estate funds, according to Preqin.
Cantor Fitzgerald Charges into Transition Management
With four major new hires from the ex-JP Morgan team, the US brokerage aims to fill a vacuum left by several high-profile provider exits.
TIAA-CREF’s OCIO Swells with Single Win
Endowment outsourcing arm Covariance will leap in size by a third after securing a major mandate.
Rate Rises Won’t Help Active Managers, S&P Warns
Research finds no historical evidence for higher interest rates increasing price dispersion in equity markets.
Higher Fees Are Fruitless for Pension Funds, Think Tank Says
The Maryland Public Policy Institute has released a study critiquing active management in all forms—during the post-Crisis bull market, at least.