Large US public pensions are, on average, making alpha—but could be making more if they shifted a greater portion of their portfolios to passive investments, researchers say.
Why pay for active when passive can work just as well? That was the message the California pension fund's board got from its strategist Salient Partners at the latest meeting.
The $120 billion retirement system has allocated $450 million to event-driven Fir Tree and quantitative specialist Cantab Capital Partners.
Hedge fund strategies sorted by performance—from 2000’s blockbuster Convertible Arbitrage to 2012’s top performer, Distressed Securities—courtesy of Boomerang Capital.
Full-service shops are holding less appeal as institutional investors increasingly seek out specialty managers, according to the results of survey from Cogent Research.
The best and worst cities for hedge fund returns, according to original research of historical data from a boutique Boston management firm.
Institutional investors need full-service mega-managers and niche boutique firms—but not much in the middle, a new survey says.
A whitepaper from Ross McLellan—who recently started a transition management consulting business following his departure from State Street—asserts that the industry practices have remained essentially unchanged for 15 years.
China Investment Corp. is taking a more active role in its foreign investments by forging partnerships with overseas third-party managers.
From aiCIO Magazine's September Issue: Paula Vasan examines a new way of compensating external asset managers.
State public pension plans in the US spent $7.8 billion on management fees in 2011, and the premium that the plans are paying for active management may not be worth its price, a new report has claimed.
As the debate rages over whether investor should consider fiduciary management, a new survey suggests that interest in pursuing it is growing.
A report from consultancy Towers Watson illustrates how asset owners who are more inclined to fire underperforming managers would be better off riding it out.