Profile: Troubleshooting Short-Termism, One Country at a Time
The UK’s asset management trade body is opening its doors to institutions beyond its shores to help “make investment better”.
Newsmakers
Harvard Hires Head of Public Equity
The $32.7
billion endowment fund has enlisted former CIO of MDR Capital Management,
Michael Ryan, to lead its public equity team.
UK to Issue More Inflation-Linked Bonds as Demand Soars
Record demand for inflation-linked assets has seen the UK’s latest debt auction three times over-subscribed.
Deputy CIO to Depart, Recruiting Begins at UC Regents
Four months into new CIO Jagdeep Bachher’s tenure, longtime deputy CIO Mel Stanton has set a retirement date.
Mercer Closes Regional Offices, Loses Star to Asset Manager
The consultancy firm is closing two UK offices and one of its senior partners is exiting, while Cambridge Associates has appointed a new UK pensions chief.
Breakthrough for Detroit Bankruptcy as Retirees Accept Pension Cuts
Retired workers in the bankrupt city of Detroit, Michigan, have accepted cuts to the pensions as part of a plan to help the city re-emerge from bankruptcy.
Back to School for CalPERS Board, Says Governor
Governor Jerry Brown has signed a bill forcing board members at CalPERS to brush up on their investment knowledge.
New CIO for APG as Kemna Switches Roles
Angelien Kemna is to hand her role as CIO of Dutch pension fund manager APG to Eduard van Gelderen on September 1.
In It for the Long Term? Time to Step Up and Deliver, Says UK Body
The former chairman of Lloyds Banking Group has urged more long-term thinking from investors and called for auditors to up their game.
Prudential Nabs Another Major Pension-Risk Transfer
The insurer has taken more than $350 million of auto part manufacturer Visteon’s $1.1 billion in pension liabilities.
Vatican Turns to Asset Management to Clean Up Bank
Jean-Baptiste
de Franssu, former chief of Invesco Europe, has been named president of the
scandal-ridden Vatican Bank.
The Interest Rate Conundrum: Rises on the Horizon?
UK and European pensions must consider how interest rate hikes will affect them as central banks weigh up changes to ultra-low rates.
New Jersey Seeks New Talent to Boost Alternatives
The recently
downgraded New Jersey public pension system is building out its alternatives
team in anticipation of future opportunities.
Is Volatility Too High?
An S&P Dow Jones Indices director has argued that the Vix index is far higher than “realised” volatility—but the ride will get rougher in the next few months.
Economou to Step Down from CERN Pension
The architect of the CERN Model is to spread the word to a wider audience.