For Sale: In-house Pension Investor with £17.5B in Assets
One of the largest pension funds in the UK is to outsource its multi-billion investment portfolio—by selling its internal asset manager.
News
Tiger Global Loses Execs, Again
In addition to losing two more key investment personnel, the $20 billion firm will also merge two of its public equity funds.
Connecticut CIO To Resign After a Decade
Deputy CIO Deborah Spalding will step up as interim head of the $29.6 billion public pension fund beginning July 1.
Oral Agreements with Asset Managers May Be Binding, Court Rules
CalPERS could be on the hook for an alleged $100 million oral contract with an ex-manager that it never OK’d in writing.
Consultants Combine to Combat ‘Conflicts of Interest’
Two investment consultants that stayed out of the OCIO game have joined forces in the UK.
CIO’s European Innovation Award Winners 2015
APG’s Angelien Kemna—the inaugural European Lifetime Achievement Award winner—led a group of luminaries who were honoured for thinking outside the box.
What Makes Managers Pile on More Risk?
Performance-linked compensation schemes, according to a study of 2,500 individual funds.
Maisonneuve Quits as PIMCO Rethinks Equities
Another major figure has quit the Newport Beach bond giant.
Scandals, Bans Fail to Slow Placement Agent Boom
Nearly 75% of private equity funds in 2011 relied on allocator-manager matchmakers, according to research.
AQR on Evaluating the Credit Risk Premium
What are you really earning for holding corporate debt—and how are you measuring it?
Moody’s: The Knock-On Effects of a Tighter Fed
The rating agency has cut its US growth forecast and says several "vulnerable" emerging markets could be hurt by rising rates.
De-Risking Activity Picks Up After Slow Q1
Less than £1 billion of new business was recorded by insurers in the UK bulk annuity market in the first quarter of 2015.
Moody’s Junks Chicago Rating Amid Pension Crisis
The Windy City suffers a junk bond status as it deals with $20 billion in unfunded pension liabilities.
Tiger Grandcub JAT Capital to Return Money, Close Down
After a volatile eight-year run, the $1.7 billion hedge fund will become a family office.
Battle Over UN Pension Reform Rages On
Tasked with maintaining peace internationally, United Nations staffers are not faring so well with their pension fund.