The Divided Kingdom of Newport Beach
Bill Gross and PIMCO: Is there room in this town for the two of them?
Newsmakers
Penn Teachers Appoints Executive Director
The $52 billion public pension has appointed a state representative to its top job.
Fees, Lawsuits, and the Fate of TDFs
Do plan sponsors have a fiduciary duty to choose the cheapest target-date solution?
The Capitalists’ Guide to ESG
Is it possible to create real financial value from doing good?
OCIO Firm Wurts Rebrands as Verus
A new name but unchanged focus—OCIO, risk advisory, and consulting—for the Seattle-based firm led by CEO Jeffrey MacLean.
Larry Fink: We Are Poisoned with Short-Termism
BlackRock’s CEO warns of today’s “gambling culture” and the dangerous need for instant gratification.
Ex-JPM Transitions Chief Joins New Market Entrant
Is transition management coming back to life? Cantor Fitzgerald joins the market.
How Attractive Are Your Managers?
Research suggests it’s not such a good idea to hire “model” fund managers.
Former AIMCo CEO Finds New Role
Leo de Bever and top academics will advise a large sovereign wealth fund on increasing its property and unlisted real assets limits.
San Diego County Appoints Interim CEO as CIO Search Pushes On
The former chief of the city’s pension has taken on the role to manage the county’s public sector fund.
What Commodity Crash? SWFs Surge, Add Real Assets
Despite oil price falls, the majority of sovereign funds' assets have grown in the past 18 months.
SEC Loses Top Private Equity Investigator
The SEC’s compliance chief has announced his return to the private sector one year after the agency began its probe of private equity and hedge funds.
ABP Appoints to Supervisory Board
The giant Dutch pension fund has brought on board two experts.
How to Face the Reality of a Low Growth World
A new report from the IMF warns that growth is unlikely to recover anywhere any time soon.