Newsmakers
College Endowments Grow in FY 2011, Still Struggling to Overcome Losses
College and university endowments in the United States made gains in the fiscal year that ended in June, however, many are still struggling to make up their 2008 and 2009 losses.
The Endowment Effect: A Mind-trap Among Investors
The cognitive tendency among investors to get caught up in the endowment effect -- a mental roadblock that can cause investors to hold onto something too long -- applies to shares, bonds, and funds in a portfolio, a newly released report by Morningstar concludes.
Rogerscasey: 'Terminating Investment Managers Should Not Be Borne From Frustration'
Even those managers that outpace their benchmarks for extended periods of time inevitably suffer missteps, according to a new whitepaper by Rogerscasey.
The Profile: Jim Dunn, CIO, Wake Forest University
Jim Dunn of Wake Forest University speaks with aiCIO on his commitment to running the $1.5 billion university portfolio, and -- compared to its public pension counterparts -- the greater tools, control, and flexibility granted within the endowment arena.
Custodian Fee Backlash Prompts Mercer FX Monitor Launch
Mayor Bloomberg Says Pension Costs Are Straining NYC Budget, Supports Cuomo Plan
With an $8 billion pension bill putting a dire strain on New York City's finances, Mayor Mike Bloomberg has asserted that state legislatures should support the governor's pension proposal.
GMO: Beware of Beta as a Measure of Risk
New research from Grantham, Mayo, Van Otterloo & Co. (GMO) explores the anomalies in investment strategies that generate returns greater than expected in light of their perceived risks, warning investors to be cautious of perceived inefficiencies in the market.
Most Europeans Unaware of Pensions Timebomb
Northern Trust: Better Investment Returns Through Tax Efficient Fund Structures
Choice of cross-border investment vehicles can have a measurable impact on asset manager performance and investors’ returns over time, new research by Northern Trust shows.
Future of Eastman Kodak’s Pension ‘Too Early to Tell’ Says PBGC
"Some people say that Eastman Kodak's pension plan is in danger because the company filed for bankruptcy, but it's really too early to tell," says PBGC spokesman Marc Hopkins.
Record-Setting Insider Trading Probe Leads to Seven Charged
Seven have been charged in a $78 million record-setting insider trading case.
The Profile: Bernard Walschots, CIO, Rabobank Pension Fund
ABP Hikes Contributions, Mulls Benefit Cut to Contain Shortfall, Despite Asset Rise
Putnam Investments Expands Institutional Consultant Relations Team
Charlotte Walsh and Gregory Weissman are joining Putnam Investments' consultant relations team, highlighting continued demand on the investment consultant business.