Ontario Teachers Pension Names New Head
Retiring President and CEO Jim Leech’s successor will come from within the C$130 billion fund.
Newsmakers
Ex-Dartmouth College Investment Chief Joins Outsourced CIO Firm
David Russ departs Credit Suisse for Boston-based indie.
China Investment Corp Picks New Leader
The executive vice-mayor of Shanghai is expected to be named to the top position at China’s $500 billion sovereign wealth fund.
SALT: Credit Hedge Funds Love the Volcker Rule
A dispatch from the Skybridge Alternatives Conference, where financial regulation is surprisingly popular among one set—hedge fund managers specializing in credit.
UK Watchdog Closes Net on Transition Managers
FCA makes good on pledge to examine city providers.
New York Pension Fund Dumps Gun Stocks
School shooting in Newtown, Connecticut leads pension fund to fully divest from the firearm industry.
Monoline Insurer Fights Back on Goldman Sachs MBS Losses
Goldman Sachs forced back to court over MBS portfolio.
Harvard Ethics Scholar: Investment Consulting Swimming with Corruption
Misaligned interests, placement agents, and the disappearing line between consultants and asset managers have corrupted the industry that’s specifically tasked with protecting retirement assets, one academic contends.
Long-Term Investors Reduce Volatility, Improve Corporate Responsibility
Virginia Tech researchers have linked long-term shareholders to improved corporate citizenry and higher stock valuations—but profits take a small hit.
Brown University Names New CIO
A former hedge fund manager will lead the school’s $2.8 billion endowment starting in June.
Norges Bank’s Five-Factor Equity Risk Model
The factors: Expected dividend growth, expected dividend level, equity risk, expected inflation, and interest rates—and only one is typically priced-in, according to Norway’s state investment managers.
France: A Nation of Actuaries?
Move over Monet, money – or the preservation of it – is the nation’s latest, greatest achievement.
Negative Interest Rates on the Horizon
They may help the region out of crisis, but investors are facing further difficulties from ultra-low rates.
Can Illinois Make it Stick This Time?
Another day, another plan to try and sort out a multi-billion dollar pension deficit.
In Memoriam: Bill Mahoney (1957-2013)
William Mahoney, who was instrumental at Bridgewater Associates, raising capital in its formative years, died this week. He was 55.