A Derivative Dilemma
Post-crisis rulebook updates are raising hedging costs on both sides of the Atlantic.
News
Coffee Chaos, Data Diligence
When you’re in the de-risking game, creating order out of chaos is what you do.
GIC Promotes Lim Chow Kiat to CEO, Adds New CIO
The Singapore sovereign fund has reshuffled its leadership once again just months after making a number of changes in June.
UK’s FCA Blasts Investment Consultants
Consultants put too little weight on manager fees and fail to identify managers that offer better returns, the Financial Conduct Authority said.
DIY-ing LDI: Building an In-House Matching Portfolio
The Pension Protection Fund hired Trevor Welsh just over a year ago to insource its LDI capabilities. CIO finds out how he’s progressing.
Hilton Foundation Deputies Named Co-CIOs
Yatin Patel and Michael Buchman have been leading the foundation since Randy Kim’s abrupt exit in May.
NEST CIO to Chair EDHEC-Risk Board
Mark Fawcett succeeds AP2’s Tomas Franzén in the chairman role.
The Canadian Model to Getting Very, Very Fully Funded
HOOPP went LDI in 2003, light years ahead of its peers. But CIO Jim Keohane says he’s not finished—even after the funded status reached 122%.
Insurers Up Risk, Alts Amid Interest Rate Uncertainty
Low rates have insurance companies turning to riskier assets, while alternatives offer protection from a surprise rate hike, according to Cerulli.
Dartmouth CIO Pamela Peedin Resigns
A search is underway to replace the investment chief when she steps down in June.
How IBM Went LDI: Ray Kanner’s Exit Interview
A recently retired Kanner looks back on two decades at IBM’s pension—a period of transformation not just for his fund, but the industry as a whole.
PGGM Names Infrastructure Head
Erik van de Brake replaces Frank Roeters van Lennep, who was promoted to private markets CIO earlier this year.
Static Private Capital Salaries Remain High
The average executive earned a base salary of $455,285, while the best paid took home upwards of $1 million after bonuses.
LGIMA Appoints New CEO
The LDI provider appointed Aaron Meder, CIO of European parent company LGIM, as head of its American business.
Why Robin Diamonte (Maybe) Changed Her Mind about PRT
Only a few years after the United Technologies CIO created a lifetime income option to the envy of many corporate chiefs, she strikes again with a $1.8 billion buyout/lump sum.