Hedge Funds Ramp Up Investor Incentives with Fee Discounts
Many required longer lock-up periods in exchange for lower fees, according to hedge fund law firm Seward & Kissel.
News
Texas Teachers, CPPIB Among Nominees for Inaugural Overseas Award
Some of the most influential asset owners worldwide are shortlisted for a new satellite office category at CIO Europe's Industry Innovation Awards on June 2 in London.
NEST’s Unconstrained Play for ‘Undervalued’ Emerging-Market Debt
The UK defined contribution scheme teamed with Amundi on a ‘go-anywhere’ credit, foreign exchange, and sovereign bond fund.
Northern Trust Nabs Funds-of-Funds Firm, Another OCIO Client
Aurora Investment Management and Herzing University’s endowment have joined the fold.
How To Fix the Endowment Model
A 100% liquid portfolio could outperform the Yale model over the next 10 years, predict Hewlett-Packard’s Gretchen Tai and Atlas Capital Management’s Ken Frier.
What ‘Brexit’ Means for Real Assets
An extended period of disruption could hamper those seeking to invest in one of the world’s largest property and infrastructure markets.
$20 Billion Club: Funding Up Despite Poor Returns
Deficits fell for the 20 largest corporate pensions in the US in 2015 despite a year of “anemic” returns.
Arizona Pension Names CIO
Private markets head Karl Polen has been promoted to lead the $32 billion retirement system.
Mats Andersson to Exit Sweden’s AP4
The influential CEO is the latest to announce his departure from the Swedish public pension fund.
SEC Examining Carlyle, Apollo Fee Practices
The US regulator made “informal requests” for more information regarding the two private equity firms’ fees and expenses.
Control Freaks
The biggest fund managers in the world are doubling down on multi-asset. Are asset owners willing to cede control?
DDIY: Don’t Do It Yourself
Taking control is a lot more nuanced than deciding to in-source vs. outsource, says CIO’s European Editor Nick Reeve.
How Sharpe Ratios Can Fail
Risk measures used for Sharpe ratios are not consistent with investors’ long-term time horizon, Aon Hewitt says.
Kentucky Pension Fights to Retain Control of Governance
Proposed legislation would give state government the final say on trustee selection, staffing, promotions, and provider contracts.
Risk Parity, Smart Beta, OCIO: The Survival of Buzzwords
Once dismissed as fads, these strategies’ staying power took investors by surprise—but shakeouts loom.