ADIA Opens Up, Reveals Rising Long-Term Returns
The Abu Dhabi Investment Authority (ADIA) has issued its yearly statement, documenting its investment strategy and holdings.
Newsmakers
BlackRock CEO: European Equities Trump Debt
Laurence Fink, CEO of BlackRock, says that European equities and stocks that pay dividends are still a wise bet amid current tumultuous markets.
Caxton Founders Retire, Tap CIO as Successor
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
Following Obama's Infrastructure Push, CalPERS Echos Commitment to Asset Class
The California Public Employees’ Retirement System (CalPERS) has targeted $800 million for investment in California Infrastructure.
Little-Known Hedge Fund Manager Joins Buffett's Berkshire Hathaway
Warren Buffett has chosen a second little-known hedge-fund manager to handle a portion of Berkshire Hathaway Inc.'s colossal investment portfolio.
Awkward Question: Can Dying Pensioners Save Pension Investing?
From aiCIO Magazine's Fall 2011 Issue: Life Settlement Assets may make people uncomfortable – but they also may save corporate pensions.
Buy Lists: How the Sausage Is Made
The Consultant Corner From aiCIO Magazine's Fall 2011 Issue: Are buy lists constructed in a fair and reasonable way? Or, is there more that goes on behind closed doors?
With LDI to the Fore, It’s NISA Time
From aiCIO Magazine's Fall 2011 Issue: Every decade produces an investment manager that captures the spirit of its times. To come to terms with the elephant in the room in the risk-averse world of corporate pension plans, look no further than St. Louis, Missouri.
Establishment Series: The Who’s Who, Transition Management Edition
From aiCIO Magazine's Fall 2011 Issue: The who’s who of transition management.
Roland Lescure Thinks Diversification Is an Illusion
From aiCIO Magazine's Fall 2011 Issue: Montreal-based Roland Lescure—Chief Investment Officer for the US$152 billion Caisse de Dépôt et Placement du Québec—talks with aiCIO about diversification, its failings, and what this means for investment circa 2011.
John Pearce Thinks Nothing Can Be Ruled Out
From aiCIO Magazine's Fall 2011 Issue: Pierce, CIO of the US$23 billion UniSuper superannuation fund, spoke with our Woman in Australia about a rising Australian dollar environment, the restructuring of the fund’s illiquid asset allocation—and why government-made incentives in the infrastructure market will have a negligible impact on institutional investor decisionmaking.
Gretchen Tai Thinks There's Benefit in Being Dynamic
From aiCIO Magazine's Fall 2011 Issue: Tai, who together with her investment team oversees upward of $35 billion in defined benefit (DB) and defined contribution (DC) assets scattered around the globe, spoke with aiCIO on Hewlett-Packard's well-timed liability-driven investing (LDi) move, as well as the rigors of managing DB alongside DC.
Henrik Gade Jepsen Thinks Protection Is Paramount
From
aiCIO Magazine's Fall 2011 Issue: Jepsen, CIO of the US$137 billion
Danish pension AtP, spoke with aiCIO on the merits of safe sovereign
bonds, the benefits of a small central investment office, and his fund's
overarching focus on risk.
Mark Baumgartner Thinks It's All Changed
From aiCIO Magazine's Fall 2011 Issue: In the early-August week that saw markets swing wildly, Baumgartner— Director of Asset Allocation and risk at the $11 billion Ford Foundation—sat with aiCIO to discuss the market environment, “true” diversification, and the end-goal of Foundation investing.
Exit Atlas
From aiCIO Magazine's Fall 2011 Issue: Should asset owners be investing with managers that place so much weight on a single individual’s shoulders? Benjamin Ruffel reports.