Why Your (Smaller) HF Manager Might Not Be Worth the Fees
An equal portion of large and small hedge funds hold the same popular stocks, Novus says.
Manager Selection
What Private Equity Sells vs. What They Actually Do
If an ex-investment banker is in charge, expect plenty of financial engineering, Harvard researchers say.
Vanguard Tops PIMCO Total Return as World’s Largest Bond Fund
PIMCO’s flagship fund lost $5.6 billion in April, bringing down its total assets to $110.4 billion, the firm said.
NYC Pensions to Demand Diversity Data from Managers
Firms interested in doing business with the funds will have to reveal staff demographics, according to the city’s comptroller.
How to Survive the Cutthroat Business of Outsourcing
Customization and de-risking strategies are key to winning and retaining OCIO mandates, according to research firm Cerulli Associates.
What Price Yield? Fund Managers ‘Taking Excessive Risk’
Fixed-income funds may be taking on more risks than investors realize due to the huge demand for income.
GSAM to Buy OCIO Pacific Global Advisors
The acquisition will add $18 billion to Goldman Sachs Asset Management’s funds under advisement.
Don’t Blame the Hedge Fund Managers
High correlations and low dispersions of stocks have caused today’s environment for poor hedge fund performance, according to analytics firm Novus.
U. California Loses Hedge Fund Chief, Looks to Recruit
With a transformation of the $90 billion fund's team nearly complete, a remaining senior role has opened up.
New Jersey Pensions to Scrutinize Fees
Despite “excellent” performance, trustees want greater transparency on how much they are paying.
CalPERS Cuts Management Fees as Portfolio Grows
America’s largest pension has reduced expenses by $90 million over five years.
The Problem with Active Share
Two academics have hit back after their popular measurement for active management came under scrutiny.
NYC Comptroller Vows to Shake Up Wall St ‘Status Quo’
The city’s five pension funds will change their “heads or tails, Wall Street wins” approach to investing, according to the comptroller.
Why Your US Equities Underperformed in 2014
Active managers suffered more than usual last year—S&P Dow Jones investigated why.
Bill Gross: My Strategy Mimics Dalio’s
According to the Janus portfolio manager, he also previously “looked good in short shorts.”