NZ Super Shares its Manager Selection Secrets
The Guardians of the New Zealand Superannuation fund have revealed their findings as to how investors can identify manager skill.
Manager Selection
By One Vote, San Diego to Keep OCIO Salient Partners
The county pension voted down a motion to fire Lee Partridge four months after entrusting him with its entire portfolio.
Bill Gross: Not the King of Bond Markets, After All?
Fixed income commentators are not as concerned about the long term impact of Gross’ exit as weekend headlines have indicated.
San Diego Vote on Firing OCIO Too Close to Call, Insiders Say
Salient Partners’ contract to invest the $10 billion public pension fund hangs in the balance heading into Thursday’s trustee vote.
Want Better Returns? Check Your Manager’s Resumé
Academic research has found managers really should stick to what they know—and the more they know, the better the returns.
Australia’s Largest Super to Grow Internal Team by a Third
Using external managers is falling increasingly out of fashion Down Under.
Och-Ziff, Black River, Female Managers Biggest Losers in CalPERS Decision
The occasional big-name and several female managers will suffer in the California giant’s withdrawal from hedge funds. Insiders term the move a “non-event.”
CalPERS to Dump $4B in Hedge Fund Investments
Costs, complexity, and capacity all cited as the US’ biggest pension scraps hedge funds completely.
PGGM Spin-Out Secures Pension Clients
Dutch-flavoured long-term mandates have found investors in the UK.
Private Equity Deals Collapsing Over Fee Disagreements
Research by Preqin shows a lack of alignment of interests through fee structures is a major barrier to private equity investment.
Board Clashes, Lawsuit Over Pay at Outsourced San Diego Pension
One trustee called the public pension’s contract with OCIO Salient Partners “exorbitant,” charging “outlier-type fees.”
Wall Street Loses its Grip on Asset Management
Custodians are striding in to fund management as banks fade out of the sector.
ADD or Value-Add? Hedge Funds’ Ideal Activity Level
Highly active fund managers tend to outperform those who buy-and-hold in absolute returns, but researchers found that adjusting for risk reversed their results.
Where Are the Best Private Real Estate Funds?
Want top-quality private real estate? Head to the coast.
$1.3B Foundation Outsources Alts Portfolio
eQ Asset Management, based in Helsinki, has won the mandate.