Ingredients for Successful Investors: 'Time, Capital, Fortitude'
Legg Mason Capital Management's Michael Mauboussin warns investors to manage expectations.
Newsmakers
SSgA Institutional Sales Head Jumps to Rival Pyramis
Maureen Fitzgerald is leaving SSgA for Pyramis; Kristi Mitchem, who had been sharing responsibilities with Fitzgerald, will now take sole leadership of the firm’s Institutional Client Group.
Bonds Bring Good News to Ireland (and its Pension Funds)
Ireland has been beating most of the other struggling Eurozone nations and a bond sale today could help even more.
Does Size Matter? MassPRIM's Bonus Package
Massachusetts public pension system has drawn criticism--including from its own chairman--for the performance bonuses it's set to distribute.
LGIM: US vs. Europe — Who Wins With Equities?
US equities are overvalued, according to Legal & General's Lars Kreckel.
Danish Pension Giant Loses CEO to Central Bank
One of the brightest lights of European institutional investment is to leave his post to join his country’s national bank.
North American DB Funds ‘Sliding into the Danger Zone’
A DBRS study of 451 defined benefit plans’ performance between 2002 and 2011 found the majority of funds are in worse shape than previous years.
Multi-Asset Leader Loses Key Manager…as Fund-of-Funds Staffs Up
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.
Risk Taker, Policy Maker: CalPERS' New Five-Year Plan
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.
Bridgewater, World's Largest Hedge Fund, to Build $750 Million Headquarters
Maybe you will see billionaire hedge fund guru Ray Dalio at the Stamford Metro-North stop. Or maybe not...
Illinois Gov.: Pension Reform Vote Is a 'Date with Destiny'
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.
Direct Bond Market Developing for Investors, But Not at Any Price
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.
State Street Shuffles London Team Following Scandal
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.
What's the Optimal Size of Hedge Funds?
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.
Strategic Investment Group Sells Majority Stake
Private-equity firm Friedman, Fleischer & Lowe has purchased a majority stake in institutional-investment outsourcing firm Strategic Investment Group.