Music To Their Ears: EMI Buyout Agreed at £1.5 Billion
The UK’s largest pension risk transfer to date brings relief after four-year dispute.
Newsmakers
Interactive Map Created By SWF Institute
Ever wondered where the world’s biggest sovereign wealth funds are?
Moody’s Reviews Custodians for Downgrade over Profitability Fears
BNY Mellon, State Street, and Northern Trust don’t earn enough from core custody, Moody’s suspects.
Risk Parity: What’s Next?
In this second half of aiCIO’s feature into risk parity’s most traumatic quarter, Bridgewater, Invesco, AQR, Lombard Odier, and Northwater Capital outline the changes each has made to its risk parity product to help it withstand future hardships.
Risk Parity: What Happened?
In the first of a two-part feature, Bridgewater, Invesco, AQR, Lombard Odier, and Northwater Capital explain why their products’ returns recently fell, and why investors shouldn’t be concerned.
Fears over Future of US Multi-Employer Pensions
Taft-Hartley funds will have to adapt to survive, according to many of those running them.
Down With Quarterly Reports, Urges Pension Summit
At a Toronto summit,
institutional investors called for an end
to quarterly reports, and new era of asset owner collaboration.
Happy Canada (Investment) Day!
Canadian pension funds (probably) celebrate the day with lots of investment news.
Ding Named as Likely Chair of CIC
News reports suggest Ding Xuedong, deputy secretary-general for China’s State Council, will be named as the chairman of the China Investment Corporation.
Borst Quits GM for Navistar
The CIO behind one of the largest pension risk transfers moves on.
All Hail Nebraska: Home of Corn, Kool-Aid, and the Best Public Pension
Moody’s declares Nebraska an exception to the morose pension deficit situation of other US states.
CalPERS Ditches Deputy CIO Tag, Appoints Eric Baggesen as Senior Investment Officer
What’s in a name? Baggesen named SIO for asset allocation risk management, handing global equity duties to Dan Bienvenue.
Ms Blue Sky? Elo Appoints CIO to Lead New Finnish Pension Fund
Soon-to-be launched merged pension entity, Elo Mutual Pension Insurance Company, appoints CIO ahead of summer vacation.
BNY Mellon Beefs Up US Transition Management
Against the direction of many large competitors, one custodian is growing its business to target insurance investors.
Fear and Liabilities in Las Vegas
From aiCIO’s June issue: The anatomy of a hedge fund boondoggle, by Kip McDaniel and Leanna Orr.