With Volatility Comes LDI, Risk Transfers
Cutwater Asset Management's second annual survey of over 100 corporate defined benefit pension plans across the United States shows that LDI implementation is transitioning from discussion to action.
Newsmakers
Oregon State Treasury Needs More Staff, Audit Says
Auditors recommend structural and staffing changes at Oregon's Treasury investment division.
Dr. Doom in Davos: Eurozone Health ‘Less Worse’ Than Last Year
Cautious optimism for Europe and the US economies, criticism of US politics, and sparring over financial regulation are themes emerging at the on-going World Economic Forum.
Exchange-Traded Trillions
Record inflows in 2012 have pushed assets in exchange-traded products to their highest ever level.
'Frontier Investors' Push Back Against Asset Management Norms
Frontier investors--located in cities outside of the major international financial centers--are re-taking responsibility of the end-to-end management of their assets, according to two university professors.
Like Harvard, Middlebury Endowment Debates Fossil Fuels
University endowments around the country--both big and small--are pondering the role of fossil fuel investments in their portfolios, and endowments' social responsibilities more broadly.
Top Pension Takes Fund Manager Hiring Spree
Bringing pension assets – and staff – in-house is the way forward for one major British company.
Yusko Dropped as Endowment Fund CIO, Replaced by Lee Partridge
Advisers to the struggling Endowment Fund have removed Mark Yusko and temporarily closed the fund to new investments, appointing former Texas Teachers deputy Lee Partridge as CIO.
Alts Fees Drop Under Institutional Pressure
Alternatives is the only asset class that has experienced a material drop in asset management fees, according to Mercer's latest study.
Dutch Pension to Tap UK Real Estate Rental Boom
The cost of renting a property in the UK is going up, and Dutch pension fund members could reap the benefits.
Peak Car Theory: Changing the Course for Infrastructure Investors?
An academic theory predicting a downward trend of car-use globally is causing some in the infrastructure investing industry to ponder the future of the asset class.
CalPERS Hits Back at “Sensationalist” Media Report
Local paper incites anger from giant pension fund.
New CIO for French Insurer
A large French insurer has found the ideal CIO in-house.
How Endowment Competition Fuels Alternative Investments
Alternative investments are all the rage among university endowments, and an academic paper aims to understand the factors at play motivating this shift.
Red State? Blue State? Underfunded State.
A least one thing in the United States is not split down party lines: state pension funding.