NJ Pension Defends $600M in Alts Fees
“Would you pay $334 to make an additional $1,800?” New Jersey's pension chair asked a senate oversight panel, under pressure over fee spend.
News
Investment Banks Not ‘Too Big to Ban’, Say Politicians
After forex rigging fines for investment banks, a group of US politicians wants more thought to go into whether they can continue to do business.
Georgetown Joins Stanford, Oxford in Coal Divestment
The ban only extends to the $1.5 billion endowment’s direct coal producer holdings, not to those of its managers.
Asness to Haters: Fama-French Weren’t Wrong; You Are.
AQR’s founder is tired of hearing claims that smart beta factors arose from biased backtests.
Los Angeles County’s CIO Resigns
David Kushner, two-time member of the Power 100, quit his post at the $48 billion fund as of May 29.
How to Make Money from a Changing Climate
Research shows preparing your portfolio for a low carbon economy won’t come at a cost—and may even benefit your portfolio.
Breaking the 'Optical Illusion' of Asset Management’s Gender Biases
The key to addressing the gender imbalance is disrupting stereotypes to bring about a cultural shift in the industry, according to State Street.
Private Pensions Join Hedge Fund High Rollers
Public pensions still hold the most capital in hedge funds, but they are being chased down by their private peers.
Is ADIA a Threat to Asset Management?
ADIA has successfully
insourced massive amounts of it portfolio. With its size and clout, does this
spell trouble for the traditional asset management industry?
Why Public Pension Return Forecasts Are Always Wrong
Two academics have shed light on the cultural and behavioural factors that lead some pensions to overstate their return forecasts.
When Are High Management Fees Worth It?
Investors were more likely to pay higher fees when they were accompanied with strong past performance and concentrated portfolios, according to eVestment.
Lyxor Exec Quits for Hedge Fund Start-Up
Michael Bernstein—who led the French firm’s push into the US—is leaving for a soon-to-launch hedge fund.
Blackstone Loses Crown as World’s Largest Real Estate Manager
As in other alts sectors, the big are getting bigger in real estate.
Northern Trust Spins Off Entire Alts Operation
Renamed 50 South Capital Advisors, the funds-of-funds and alts OCIO will stay wholly owned by its parent company.
How Longevity Will Scupper Your Investment Strategy
Investors call for more flexible rules to allow pensions to meet the challenges of longer lives.