The largest listed UK fund house has lost one of its key multi-asset managers, while the much maligned fund-of-hedge funds industry takes on new staff to cope with demand.
The new plan for 2012 to 2017
emphasizes the long-term goals and strength of the system, and suggests CalPERS
will continue to engage with its critics.
The
state's General Assembly has gathered for a special session to deal with the
State Retirement System of Illinois' $83 billion in unfunded liabilities.
Capital-rich investors are prime targets for companies whose usual lenders are hamstrung by regulation, but there are a couple of hurdles to overcome first.
Peter O’Neil and Karen Keenan have stepped into leading roles in the London office of State Street; Stephen Smit, long-associated with the firm’s transition business, has seen his role altered.
Under the current fee structure, the optimal size for hedge fund performance differs substantially from the optimal size for managers’ compensation, a newly released academic paper concludes.
MassPRIM's board wants to reduce its assumed rate of return from 8.25% to 8%, and the state's treasurer is championing the change at the legislative level.