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.
Manager Selection
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.
Real Talk on Performance Attribution
Long-only, rebalancing schedule, tracking error: Mandates come constrained, and two research analysts say it’s high time attribution methods caught up.
Have the Cubs Surpassed the Tiger?
Julian Robertson’s progenies scored higher win/loss ratios for their trades, according to Novus.
Fund Managers Fear Silicon Valley Takeover
Global managers foresee new entrants, new models, and a new client focus, according to State Street.
Managers Start Focussing on 'Needs’, Not ‘Wants’
Objectives are coming into the spotlight as investors demand deliverables from their managers, research has shown.
Pricy Stocks—Not PE Bubble—Causing Record Dry Power, Rubenstein Says
Private equity firms will start shopping when an “inevitable” market correction arrives, the Carlyle co-founder predicts.
Mercer Boosts PRT Team with Annuity Experts
The consulting firm has placed a number of key players in its pension-risk transfer and annuity buyouts practice.
State Pensions Demand SEC Action on PE Fees
A coalition of 13 public pension funds overseeing $1 trillion has asked the SEC to remedy “an uneven playing field” between private equity managers and investors.