Agecroft: Asset Owners Share Hedge Fund Perspectives
Investors discuss signals for manager deselection and hedge fund strategies.
Investors discuss signals for manager deselection and hedge fund strategies.
Pensions earned 0.55% for the quarter, and 6.14% over the past year.
The deficit for UK private sector pensions is down £128 billion from last year.
Different perspectives key to manager mix, panelists say.
Funds go toward private equity, real estate, and distressed debt investments.
Conservative assumptions and disciplined funding helped state rank among top-five funded pensions.
Total AUM for the 500 biggest managers rose 5.8% in 2016.
Group says practice of moving from defined benefit to defined contribution plans is not done for the benefit of employees.
Newspaper publishers de-risk a combined $268.5 million.
Markets continue to anticipate muted inflation, and the Federal Reserve to contemplate rate hike in December.
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
However, unfunded status grows as fund continues ‘treading water.’
Oil and gas, and basic material stocks, were the fund’s best-performing investments.
BlackRock and Rhumbline Advisers were among the finalists considered.
Think tank says change will not be enough to stave off budget cuts and tax increases.