Majority of Hedge Funds Are Contrarian, Study Finds
The funds benefit from managers' “superior stock-picking ability,” outperforming their benchmarks by 2.4%.
Manager Selection
After Two Years of Upheaval, PIMCO’s Path to Recovery
With assets flowing into the Total Return Fund for the first time in two years, things might finally be looking up for PIMCO—even as bond funds struggle as a whole.
Hedge Fund Flows Collapse in 2015
Demand for credit strategies “evaporated” in the second half the year—but asset owners are still forecast to put new money to work in the sector.
Hedge Fund Herding, and How to End It
Too much focus on outperforming peers is causing misalignment between hedge funds and investors, argues Novus Partners.
European Pensions Refocus on Property
Continental institutions’ interest in real assets shows no signs of abating.
Does Your Benchmark Choice Matter?
Market capitalization, equal weighted, dividend weighted—one study claims this is not an important decision.
Profs vs Quants: Who’s the Better Investor?
Finance and economic academics have surprisingly strong track records, according to a Morningstar columnist.
Silicon Valley Icon, NBA Team Owner to Lead UC Venture Fund
Vivek Ranadivé—founder of $4.3 billion TIBCO Software—will juggle Sacramento Kings ownership duties with heading the University of California’s new innovation fund.
Private Equity LPs Pay $2B a Year for 'Miscellaneous'
Researchers estimate transaction, monitoring, and other fees made up 4% of revenue over 20 years—and investors may not have tracked them.
Collaboration: Come Together or Go It Alone?
Could pooled assets catch on with the UK’s corporate pensions as they have with public funds?
The Paradox of Hedge Fund Activism
Activist investors can focus too hard on short-term performance, to the detriment of long-term value.
Public Pensions Pool £6.5B in Passive, Smart Beta Mandates
The latest UK public pension collaboration claims to be saving more than 50% in management fees.
Active ETFs See Record Inflows
The ballooning asset class attracted $8.9 billion in the first ten months of 2015.
CalPERS: $3.4B Fees, $24B Gains from Private Equity
The $300 billion public pension plan has released private equity performance fees for the period since 1990.
London Pensions Confirm First Pooled Fund Launch
The 33 local authorities could combine as much as £6 billion by the end of March 2016.