California Pensions to Recover $320M from S&P
The settlements relate to the rating agency’s treatment of mortgage-backed securities before the financial crisis.
News
Guggenheim Sells Hedge Fund Unit
Guggenheim Global Trading’s managing partners and Mark Standish, former Co-CEO of RBC Capital Markets, have bought the multi-strategy hedge fund.
PPF Appoints Chief Risk Officer
A former Royal Bank of Scotland and ABN Amro risk management chief takes on a “crucial” role at the UK’s DB lifeboat fund.
Europe: Your Top Destination for Sustainable Investment
European equity managers have embraced ESG investing the most, research has found, while US asset owners are becoming more interested in responsible mandates.
E&Fs Put Faith in Alts, Wind Down Equities
Moderation is key to asset allocation in 2015, according to NEPC.
Asset Managers Break Promises on Responsible Investment
A new report has shown damning evidence of shortfalls in reporting and compliance with the UK’s Stewardship Code for investors.
How to Bankrupt a Plan Sponsor (Hint: Not with an Underfunded DB Plan)
A specific exposure common in DC plans—but almost unheard of for corporate pensions—most strongly predicts future financial distress, researchers have found.
The Great Deflation Delusion
Deflation is a modern invention—and investors need not be terrified of it, according to one eminent economist.
How Skillful Is Your Hedge Fund Manager?
There are three identifiable skills that tend to lead to future outperformance, according to Novus.
Must Try Harder: Long-Termism and Governance Still Lacking, Study Finds
Investors are paying lip service to long-term investing and there is room for significant improvement across the board, say two influential consultants.
U. California Stacks Talent with Another CIO Hire
Following an international search, UC has hired Sacramento County CIO Scott Chan to lead the $90 billion system’s public equity portfolio.
Endowments Outsource More, Bring Risk Management to the Fore
More than 40% of US institutions said they outsourced a substantial portion of their portfolios, according to the 2014 NACUBO-Commonfund study.
Equities’ Un-Sharpe Decade
How bonds beat equities to bolster portfolios over the past 10 years.
BNY Mellon Faces SEC Probe over SWF Interns
The US regulator wants to know more about BNY Mellon’s hiring of potential clients’ staff.
John Lewis Investment Chief Exits for OCIO Role
The UK retail chain’s pension CIO is to join Aon Hewitt’s outsourced CIO business.