The LDI Skeptic
From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Con Keating of BrightonRock Group.
Newsmakers
The Consultant Corner: What Best-in-Class LDI Consultants Look Like
From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Hit by the unanticipated volatility of plans’ funded status and a swath of regulatory and accounting rule changes, plan sponsors, investment managers, and consultants have been forced to pay greater attention to plan assets in terms of liabilities.
With Stellar Investments, Texas Endowment Hands Out Robust Bonuses to Managers
After investments beat benchmarks for three straight years, Texas’s public university endowment has shelled out $7.2 million in bonuses to 29 managers.
Academic Paper: Fiduciary Duty Is a Fantasy
The design and governance of investment management institutions is actually more important than honoring the principle of fiduciary duty which, claims Gordon Clark, a professor at Oxford University and author of a new academic paper.
Faced With Flurry of FX Suits, BNY Mellon Proposes New Pricing Model
Responding to accusations by state and federal officials of defrauding public pension funds of foreign exchange transactions, BNY Mellon is offering its clients an alternative pricing model.
Volatility-Focused Strategies Gain Prominence, Yet Consultants Skeptical of 'Marketing Gimmicks'
As institutions increasingly seek to mitigate volatility in their portfolios, new investing strategies such as risk parity and low-volatility equities gain prominence. Consultants, however, remain skeptical.
Despite Strongest Pension System Worldwide, Australian Super Funds Suffer Hefty Losses
While Australia has ranked by many measures as having the strongest pension system globally, its super funds have suffered losses due to market volatility.
World's Largest Currency Hedge Fund Faces Exodus With Dire Financials
As volatility pummels currency-trading strategies, the world's largest currency hedge fund, FX Concepts, is hemorrhaging money -- and they're losing people as they're losing capital.
FBI Probes Beleaguered MF Global
The recent collapse of MF Global has attracted heightened interest and scrutiny by the Federal Bureau of Investigation.
Missing Sales Estimates, Standard Life Blames Corporate Pensions
Standard Life, Scotland’s biggest insurer, has revealed that sales rose 10% in the first nine months of the year, missing estimates.
CalPERS to Commit to Multistrategy Index Fund
The $225.7 billion California Public Employees' Retirement System is aiming to put up to $5.7 billion in a multistrategy index fund.
Corzine's MF Global Files for Bankruptcy Following Bad Bets on European Debt
After leaving office as New Jersey's governor, Jon Corzine assumed the CEO position of MF Global, pledging to improve the firm's financials -- but ended up leaving it in a state of crisis.
PIMCO's Gross: Can You Solve a Debt Crisis With More Debt?
Bill Gross, who manages the world’s largest fixed-income fund -- the PIMCO Total Return Bond fund -- has asserted that you cannot solve a debt crisis by creating more debt.
Report: US Economy Is Doing Well, QE3 Would Solve Nothing
An approach by the Federal Reserve of QE3 would be the wrong path to take to improve the US economy, notes Michael Litt, founder and chief investment officer at Arrowhawk Capital Partners.
NAPF Chairman: 'UK's Private Sector Pensions Are Flawed and Inefficient'
In his inaugural speech, Mark Hyde Harrison, the new Chairman of the National Association of Pension Funds (NAPF), noted that defined contribution (DC) pensions in the UK are inefficient and wasteful.