Rhode Island Halves Hedge Fund Allocation
The state pension aims to reallocate towards low-cost passive funds in a bid to cut costs and boost returns.
News
Michigan State Endowment Begins Building Investment Team
Following Phil Zecher’s appointment as its first CIO last year, the endowment has hired two new investment officers.
A Death Knell for UK Pensions?
Soaring costs could mean no FTSE 100 employee has access to a DB pension in three years’ time, a consultant has warned.
Funds-of-Funds, Public Pensions Most Likely to Get Preferential HF Terms
Hedge funds negotiate the fewest side letters with corporate pensions and non-profit institutions, according to law firm Seward & Kissel.
How Short-Term Noise Affects Risk Taking
Fewer updates on price movements leads to riskier investments and higher returns, research shows.
Preqin: Private Debt Becoming ‘Fixture’ in Portfolios
More than two-thirds of surveyed investors planned to grow their allocations to the asset class over the long term.
Hedge Fund Billionaire Leon Cooperman Charged with Insider Trading
Leon Cooperman and Omega Advisors allegedly profited from nonpublic information, the SEC claims.
Insourcing Drive for PPF, Railpen
Two of the UK’s largest asset owners have created new roles as they expand their in-house teams.
Boston University Endowment Hires from Cambridge Associates
Charles Haigh, the consultant’s hedge fund co-head, has joined the $1.6 billion endowment as an investment director.
Stony Brook Foundation Hires CIO
Endowment veteran David Marcus succeeds the foundation’s inaugural investment chief Erin Abouzaid.
PGGM Names Private Markets CIO
The $225 billion Dutch pension has promoted Frank van Lennep to the role vacated by Ruulke Bagijn.
Leaving Asset-Owning Behind
After eight years of exponential growth in the outsourced-CIO sector, investing talent is following.
California Requires Public Pension Disclosure of Alts Fees
The controversial law will go into effect January 1, 2017.
Why Manager Tenure Doesn’t Matter
A long track record doesn’t necessarily guarantee good performance, according to research.