Pensions Appoint First Custodian by Committee
The first-ever custody contract awarded through the UK's local pension organization is expected to save three schemes up to £1.5 million.
Manager Selection
Allianz Earnings Plummet on PIMCO Decline
The parent company’s profits for the division have fallen nearly 30% since last year.
Multi-Manager v. Multi-Strategy: The Hedge Fund Debate
High fees
and employee turnovers of multi-manager hedge funds may overpower their benefits, Cambridge Associates has found.
Asset Boom in Asia, but No Pay Day for Managers
A move to bring investment capabilities in-house could mean managers miss out on growing assets.
Sac. County Partners with Pantheon on Secondaries Play
CIO Scott Chan foresees a glut of infrastructure assets arriving to market, and has a plan to capitalize on it.
Which Active Managers Actually Outperform Benchmarks?
Cambridge
Associates found all active managers are not created—nor perform—equally.
PPF to Squeeze Consulting Fees
One of the UK’s largest pensions is scaling back the percentage of spend it is allocating to consulting firms.
NYC Pensions Plan to Bankroll More Emerging Managers
The proposed $1 billion allocation to unestablished hedge funds and bond managers would bring the program's total size to $14 billion.
Hedge Funds Off to Slowest Annual Start Since 2008
Long/short equities strategies remain favorites among investors as 2014 gets underway, according to Preqin.
Japan’s GPIF Appoints Smart Beta Managers
The $1.3 trillion fund has shaken up its equities management amid pressure to obtain higher returns.
Nine Equity Mandates Awarded from France’s Biggest Public Pension
Fonds de Réserve des Restraites has appointed small and mid-cap managers for European mandates worth €800 million.
Private Equity: Back with a Bang
Fundraising is up, but not everyone is managing to secure the capital.
University of New Orleans Outsources Endowment
Northern Trust has won the mandate to manage the University of New Orleans Foundation’s portfolio.
What Bribery Investigation? Market Shrugs Off Och-Ziff Revelation
News of subpoenas from the SEC and Justice Department has made little lasting difference in the firm’s share price.
Northern Trust’s Transitions Business Grows 50%
Four of the firm’s major competitors have dropped out of the industry in the last 10 months.