Andy Steiner Sees the (DC) Future
The 20-year Motorola veteran talks how and why it put in place an innovative defined contribution (DC) plan architecture that defaulted participants into a managed account.
News
The End of De-Risking
Alternative managers are fighting for their business by creating novel ways to de-risk—but are these nontraditional avenues better than liability-driven investing?
Alan Brown Thinks Traditional De-Risking is Flawed
The former Schroders CIO, who also continues to serve as an advisor to its UK pension scheme, on the de-risking fallacy.
CalSTRS Restructures to Bring More Assets In-House
The $186.4 billion pension has made leadership changes with plans to up internally managed assets to 60% of the total portfolio.
State Street Under Investigation for Public Pension Pitch Tactics
The Boston-based firm has received subpoenas from the Department of Justice and the Securities and Exchange Commission, according to its quarterly filing.
Bad vs. Basic
Kip McDaniel on identifying the bad and the basic in the competition for the finite asset pools that are moving away from risk.
‘Managing Uncertainty’: The Changing Face of European Pensions
European pension funds have adapted their models post-crisis, research finds—and warns consultants and asset managers to pay attention.
Chicago Teachers Pension CIO Moves to Kellogg Foundation
Carmen
Heredia-Lopez has been appointed director of investments for the $8.3 billion
foundation.
Russell LDI Expert Departs for Competitor
Insight Investment has strengthened its liability-driven investment team.
Europe ‘Destination of Choice’ for Real Estate Investors
This year has seen the most money in seven years dedicated to private real estate funds targeting Europe.
Canada Pension Giant, Future Fund Implicated in Tax Dodging Leak
The institutions’ use of Luxembourg-domiciled shell vehicles has made them the target of tax-avoidance allegations.
Hedge Fund Managers’ Average Pay Climbs to $2.4 Million
Large fund managers’ average pay jumped 8% in 2014 as competition for talent and capital inflows increased.
How Much Sharper is Smart Beta?
Weighting your benchmarks away from market capitalisation would reward portfolios with a much better Sharpe ratio, research has found.