Andy Steiner Sees the (DC) Future
The 20-year Motorola veteran talks how and why it put in place an innovative defined contribution (DC) plan architecture that defaulted participants into a managed account.
Newsmakers
The End of De-Risking
Alternative managers are fighting for their business by creating novel ways to de-risk—but are these nontraditional avenues better than liability-driven investing?
Alan Brown Thinks Traditional De-Risking is Flawed
The former Schroders CIO, who also continues to serve as an advisor to its UK pension scheme, on the de-risking fallacy.
CalSTRS Restructures to Bring More Assets In-House
The $186.4 billion pension has made leadership changes with plans to up internally managed assets to 60% of the total portfolio.
Bad vs. Basic
Kip McDaniel on identifying the bad and the basic in the competition for the finite asset pools that are moving away from risk.
Chicago Teachers Pension CIO Moves to Kellogg Foundation
Carmen
Heredia-Lopez has been appointed director of investments for the $8.3 billion
foundation.
Russell LDI Expert Departs for Competitor
Insight Investment has strengthened its liability-driven investment team.
Hedge Fund Managers’ Average Pay Climbs to $2.4 Million
Large fund managers’ average pay jumped 8% in 2014 as competition for talent and capital inflows increased.
Women in Pensions: An Exception to the Gender Imbalance?
European pensions beat their capital market partners in top-level female representation, a survey has revealed.
Royal London CIO to Exit After 10 Years
Power 100 alumnus Robert Talbut is to leave Royal London Asset Management at the end of 2014.
PIMCO Rehires Two Staff as Post-Gross Rebuild Continues
Nobel Laureate Michael Spence has returned to the fund management giant just eight months after leaving.
Slow Progress on SWF Governance Standards
Only
nine of 31 sovereign funds fully complied with the governance and disclosure
standards of the Santiago Principles, according to GeoEconomica.
Hermes: Why Emerging Markets Will Avoid Another Crisis
Chief Economist Neil Williams argues emerging markets are better positioned to handle interest rate rises in the US.