PGGM Turns Heat Up on Remuneration Practices
One of Europe’s biggest asset owners wants to set a new standard for salaries and bonuses in the financial and corporate worlds.
News
Rate Rises Won’t Help Active Managers, S&P Warns
Research finds no historical evidence for higher interest rates increasing price dispersion in equity markets.
Sunsuper’s CIO David Hartley Retires
The Power 100 member will leave the A$34 billion fund after 10 years.
Aberdeen to Buy Funds-of-Funds Arden Asset Management
Attracted by Arden's liquid alts and hedge fund platforms, Aberdeen has inked its second big acquisition in as many months.
Small Cap Premium Eroding, Research Claims
The excess returns earned from holding smaller companies may not be as great as in the past, research has suggested.
Dutch Doctors Pension Cuts Out Performance Fees
SPH removes performance bonuses for asset managers as it de-risks its €9.5 billion portfolio.
Higher Fees Are Fruitless for Pension Funds, Think Tank Says
The Maryland Public Policy Institute has released a study critiquing active management in all forms—during the post-Crisis bull market, at least.
UK Pensions Opt for Independence Over Buy-Out
A survey by Aon Hewitt suggests that pension insurers may have to fish in smaller ponds to attract buy-out business.
SEC Warns PIMCO Over Potential Legal Action
An investigation into valuations in the PIMCO Total Return Active ETF’s portfolio could prompt civil action against the asset manager.
Preqin: Foundations Drag in Real Estate Push
Foundations represented 28% of total US-based real estate investors, but just 2% of invested capital.
Real Talk on Performance Attribution
Long-only, rebalancing schedule, tracking error: Mandates come constrained, and two research analysts say it’s high time attribution methods caught up.
UK Infrastructure Project Makes Senior Hires
An infrastructure expert from Lloyds Bank has been hired by the Pensions Infrastructure Project to lead the expansion of its internal team.
KKR Co-Founder Kohlberg Dies
A pioneer of the leveraged buy-out, Jerome Kohlberg has died aged 90.
Have the Cubs Surpassed the Tiger?
Julian Robertson’s progenies scored higher win/loss ratios for their trades, according to Novus.
GMO: Risk Parity Could Pose Systemic Risk
Investors that buy assets with little concern for price could seriously disrupt the market once they start selling, according to GMO’s Ben Inker.