Moody’s: CalPERS’ De-Risking Plan Is Still Risky
It would take the $300 billion fund nearly 20 years to cut the discount rate to 6.5%, during which asset performance could fall drastically, the ratings agency said.
News
Pensions Strike $150M London Whale Settlement
The cash deal ends a three-year legal battle with JP Morgan following the bank’s $6.2 billion loss.
Does Your Benchmark Choice Matter?
Market capitalization, equal weighted, dividend weighted—one study claims this is not an important decision.
Aon Hewitt: Why Investors Should Keep Hedge Funds
Cyclical drags on hedge funds could lift, but smooth returns are down to manager skill and the right mix of strategies, Aon Hewitt has argued.
ETF Assets to Surpass $6 Trillion by 2020
The number could grow even higher as more asset managers enter the exchange-traded fund market, according to Cerulli Associates.
Europeans ‘Cooling’ on Hedge Funds, Preqin Claims
Corporate pensions’ allocations to the asset class are falling despite a global rise in interest.
Profs vs Quants: Who’s the Better Investor?
Finance and economic academics have surprisingly strong track records, according to a Morningstar columnist.
State Street Overbilled Clients $200M
Excess charges to asset servicing clients spanned a period of 18 years, the firm said.
Norway Reshuffles SWF Real Estate Leadership
Karsten Kallevig is to become CEO of the property subsidiary of Norway’s giant sovereign fund.
Towers Watson: Illiquid Credit Presents ‘Compelling’ Opportunity
By taking on the role of private debt lenders, institutional investors can open their portfolios up to new sources of return and diversification.
Rate Hike ‘Could Wipe $450B from Pension Underfunding’
The Federal Reserve's rate increase marks the beginning of a tightening cycle that will decrease the value of pension liabilities.
How Would Steve Jobs Design Income?
Research Affiliates channels the late Apple co-founder’s simplicity mantra in search of sustainable yield.
L&G Dives Into Dutch De-Risking
The €200 million transaction is hailed as a “significant milestone” as the Netherlands' market begins to open up.
The Problem With Value Investing
An overvalued stock market is causing value indicators to fail, Man Group argues.
Silicon Valley Icon, NBA Team Owner to Lead UC Venture Fund
Vivek Ranadivé—founder of $4.3 billion TIBCO Software—will juggle Sacramento Kings ownership duties with heading the University of California’s new innovation fund.