High-Frequency Trading: Winner Takes All?
Not all HFTs are created equal—and some
massively outperform their peers.
Newsmakers
CalPERS Seeks a New CIO
The largest
US public pension has launched a global search for its new leader.
OMERS Strengthens Private Equity Team
The Ontario pension fund has brought aboard an 18-year industry veteran to its London team.
State-Run DC Plan for Private Sector Moves Ahead
Connecticut has passed a bill paving the way for a public retirement system for private workers.
Protect, Perform, Provide
From the vault: Wake Forest University’s Jim Dunn is bringing the school’s billion-dollar endowment back to basics. A 2010 cover story by Kip McDaniel.
Wake Forest Spins Off Endowment Office as OCIO Shop
Verger Capital Management, a joint venture between the university and management team, will be a led by current CIO Jim Dunn.
Stanford to Dump Coal Holdings
The $18.7
billion endowment joined a dozen other universities by divesting from 100 public
coal-extracting companies.
L&G Distribution Head Joins Och Ziff
Hugh Cutler has moved from the passive investment giant to an asset-gathering hedge fund.
La Caisse Shakes Up Team to Strengthen Québec Focus
The Montreal-based pension plan will appoint an executive
vice-president of Québec to manage its private equity portfolio
focused on local investments.
Sharpen your Resumés: Norway is Hiring
The Norway Pension Fund Global needs economists to guide its strategies.
The Best CIO Job Ever?
The UN is hiring a New York-based assistant secretary-general for investments, and yes, it just might come with diplomatic plates.
Putnam: DC Outcomes About Behavior, Not Salary
Even being rich can’t supplant the benefit of access to a workplace savings plan, Putnam’s annual retirement income survey found.
Largest London Pension Loses CIO
Alex Gracian has left the London Pension Funds Authority.
RPMI Railpen Hires Chief Investment Risk Officer
The £20 billion pension scheme has hired Richard Williams as part of a
new investment leadership team.
PIMCO: Equities Team Expanding; No Asset Bubbles
One of the
firm’s new deputy CIOs talks new hires to expand PIMCO’s equity unit as bond
king Bill Gross comments on long-term policy rates.