CalPERS' Manager Cull to Hit Real Estate
America’s largest pension will turn its axe on up to $3 billion of real estate assets.
Manager Selection
The Amazingly Consistent Hedge Fund Universe (Except for Fees and Performance)
Hedge fund numbers are levelling out, but performance and fees are moving around.
UBS Sells Alts Services to Japanese Bank
Mitsubishi UFJ Financial Group’s deal with the Swiss bank is expected to close in the fourth quarter of 2015.
PBGC Offers Small Fixed Income Managers a Ticket to Ride
The US pension lifeboat is making good on its promise to small investment managers.
CalPERS Throws Weight Behind Mega-Managers, Successful Startups
The $303 billion pension wants big relationships with the biggest firms—and has a plan to help its emerging managers compete.
CalPERS Plans to Cut Managers by 50%
The $300 billion public pension is reportedly set to terminate roughly half of its third-party asset managers.
SWFs Find Real Assets Edge in Peer Networks
Expect to see more giant investors teaming up on infrastructure deals, says Invesco.
Consultants (and Asset Owners): This Is Why You’re Not Innovating
Investors and consultants need to innovate their relationship first, according to research.
NJ Pension Defends $600M in Alts Fees
“Would you pay $334 to make an additional $1,800?” New Jersey's pension chair asked a senate oversight panel, under pressure over fee spend.
Breaking the 'Optical Illusion' of Asset Management’s Gender Biases
The key to addressing the gender imbalance is disrupting stereotypes to bring about a cultural shift in the industry, according to State Street.
When Are High Management Fees Worth It?
Investors were more likely to pay higher fees when they were accompanied with strong past performance and concentrated portfolios, according to eVestment.
Blackstone Loses Crown as World’s Largest Real Estate Manager
As in other alts sectors, the big are getting bigger in real estate.
Northern Trust Spins Off Entire Alts Operation
Renamed 50 South Capital Advisors, the funds-of-funds and alts OCIO will stay wholly owned by its parent company.
How HF Managers Are Wasting Alpha
But most managers may not even be aware of exactly how much alpha they’re losing, according to Novus.
Top Managers Monopolizing HF Assets, Preqin Finds
Some 11% of hedge fund managers command an overwhelming 92% of total industry capital.