The Difficulty of Being Right Twice
Investors shouldn’t try to pick stocks based on what they think might happen elsewhere, argues AQR founder Cliff Asness.
News
Ex-PIMCO Equities CIO Opens Consulting Firm
Virginie Maisonneuve and four former PIMCO equity managers have joined together to launch Maisonneuve Global Advisors.
Why Infrastructure Investors Are Losing Their Appetites
Competition, falling yields, and a demand-supply mismatch are halting the sector’s surge in popularity.
Does Diversified Growth Deliver?
A performance study by Cambridge Associates suggests diversified growth fund manager selection is “critical” as few products do what they say they will.
The Tech Giant Way to Do 401(k)
Auto-enroll? Nope. Custom TDFs? Wrong again. To build one of the best defined contribution plans in America, Microsoft tossed conventional wisdom in favor of hard data.
Pension Risk Transfers Climb to $260B
Increasing longevity risk will lead to further adoption of de-risking in North America, according to Prudential.
Amlin CIO Takes on Retail Investment Role
Insurance investment chief Jayne Styles has added another string to her bow in the form of a non-executive position.
Passive Strategies Seen as a License for Passive Shareholding
Investing via indexes pushes shareholders and companies further apart, according to a report by
Hermes Investment Management.
The DB Touch for Defined Contribution
A legacy pension plan has plenty to offer its DC replacement, according to Acatel-Lucent’s CIO.
Concentration Beats Diversification, Study Finds
Research into 11,000 institutional portfolios found that specialists outperformed the well-diversified.
The True Cost of Active Management
Better-than-even chances of underperformance prove more costly than manager fees, a study finds.
AP Funds Unite to Condemn Swedish Pension Reform
Proposed changes to Sweden’s public pension system are “ill-defined and bureaucratic”, fund leaders say.
The $3 Trillion ETF ‘Boom’
With more invested assets than hedge funds, the ETF industry is seemingly thriving—but not everyone’s buying in.
Inside Activist Hedge Funds
New research from Novus examines how three of the biggest activist hedge fund managers create value.
Strategic Investment Solutions Merges into Verus
The two consulting firms’ deal marks the second major merger in the crowded OCIO provider space.