The Hotbed of Risk Parity Innovation Is in… Wisconsin?
The philosophy of a whole-fund risk parity has taken root at two of the state's leading institutions—along with something extra.
Newsmakers
The Riddle of Tampa Bay
Harold and Jay Bowen—who alone have managed billions for Tampa's police and firefighters for forty years—may be two of the greatest stock pickers of all time. So why don't they act like it?
There’s Innovation—And Then There’s Whatever This Is…
Kip McDaniel on looking inside one of the most unconventional pension investment structures and why it matters.
Mercer Revamps Hedge Fund Leadership
The global firm has created a CIO and deputy CIO role for the division, and promoted internal candidates into both.
Salient Angles Towards Retail Market with Acquisition
“OCIO isn’t the main focus of the business right now,” CIO Lee Partridge says.
Tim Jones Quits as NEST Chief Executive
The head of the UK’s national pension fund has resigned from his role to return to the digital payments sector.
How Not to Merge a Pension Fund
Public pensions around the UK are working more closely than ever before. But why can’t they all play nicely?
UK Pension Funding Hits Worst-Ever Shortfall
Aggregate deficits have ballooned by £101 billion in a month across UK corporate schemes.
How Did Your Country’s Pensions Fare in 2014?
Currency movements meant pension fund asset growth was much lower in dollar terms than in 2013.
Paulson & Co. Loses Distressed Debt Expert
Dan Kamensky, who led Paulson’s charge in multiple bankruptcy investments, has decided to leave the firm.
China’s ‘Hard Landing’ Spells Doom for Europe, Economists Warn
An economic consultancy has set out a dire forecast for China’s growth—and Europe could bear the brunt of the fallout.
LSE to Sell Russell's Investment Management Business
After an extensive review, the London Stock Exchange has decided to sell Russell’s investment management business and keep its indexes.
CalPERS Names New Chief of Real Assets
Paul Mouchakkaa will succeed now-CIO Ted Eliopoulos to lead the pension plan’s $29.6 billion real asset portfolio.
Guggenheim Sells Hedge Fund Unit
Guggenheim Global Trading’s managing partners and Mark Standish, former Co-CEO of RBC Capital Markets, have bought the multi-strategy hedge fund.
Asset Managers Break Promises on Responsible Investment
A new report has shown damning evidence of shortfalls in reporting and compliance with the UK’s Stewardship Code for investors.