The Bar for Managers ‘Has Never Been Higher’
Investors have high expectations for fee transparency, performance, and data security—and aren’t afraid to dump managers that fall short.
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America: Land of the Free, Home of Mediocre Public Fund Investing
Ashby Monk on why pension funds in Canada and other backwaters beat out their American counterparts.
Pensions to Revamp Governance, Ramp Up Alts
Governance, efficiency, funding levels, and talent development were among areas highlighted for improvement by a survey of pension funds.
Diversity—Let’s Get Real
Some of those waving the flag for equality in financial services are doing little more than paying lip service, argues Gina Miller of wealth manager SCM Direct.
Asset Managers Declare: No Recession
Indicators point to a rough year ahead, but investors shouldn’t expect the end of the world, according to a number of asset managers.
Why You Do Your Job
Kip McDaniel on Harold Backer’s pyramid scheme and why this story matters to asset management.
Don't Count Out the Low-Volatility Factor
The strategy’s alpha cannot be “dismissed as another manifestation of the value effect,” says Robeco Asset Management’s top quant.
Private Equity’s Valuation Conundrum
Valuations are still a concern for GPs but managers expect to put more of their dry powder to work in 2016.
Carlyle Accused of Fraud by Ex-Employee
A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments.
Morgan Stanley Pays $3.2B in MBS Settlement
The bank admitted to securitizing mortgage loans with full knowledge of their “material defects.”
Asian Development Fund Names Inaugural CIO
A former minister in the Indian government will lead the investment operations of the Asian Infrastructure Investment Bank.
Doing Private Equity in Public Markets
Returns before fees from PE-style stocks beat the real thing in a Harvard study—but expect a wild ride.
Why Trend-Following Isn’t Return-Chasing
The rule-based momentum strategy is a tried-and-true source of returns, argues Elm Partners.
The Useless Annual Ritual Asset Managers Should Stop
Spoiler: Most of those holiday cards don’t even get opened.