Should CalPERS Have Doubled Before Quitting Hedge Funds?
A larger allocation to hedge funds could reduce risk and increase the Sharpe ratio, but the current fee structure “feeds mediocre strategies,” according to MPI.
News
L&G Seals Longevity Swap for Buy-Out Assets
The UK insurer has moved to protect £1.35 billion of pension assets against pensioners living longer than expected.
PERSI’s Maynard: How Complexity Is Failing Investors
An increasingly complex financial world does not call for more complex portfolios, according to Idaho public pension’s CIO.
Detroit Inches Closer to Solvency as Pension Creditors Drop Objections
A judge will decide next week whether Detroit’s plan to slice $7 billion of debt is feasible.
AQR’s Asness: Hedge Funds Aren’t as Bad as You Think
Cliff
Asness has claimed 2013 was only a “mildly disappointing” year for hedge
funds, but they could be cheaper.
CalPERS CIO: Why We Ditched Hedge Funds
Ted Eliopoulos talks hedge funds, climate change, and tax policy.
Institutional Investor Confidence Surges, Despite Volatility
Markets may be back on a rollercoaster, but investors have grown certain of success.
China SWF Chief to Lead Investment Bank
Ding Xuedong, chairman and CEO of the $650
billion China Investment Corporation, will take on the chief role at one of
China’s largest investment banks.
Female Bankers See Pay Plummet in Early 30s
Women begin to out-earn men in their late 20s, then median compensation falls hard and stays low for years.
Investors Growing Skeptical of Hedge Fund Benefits
A survey of institutional investors has shown that enthusiasm for hedge funds is cooling, while infrastructure and real assets are areas of increasing interest.
Aon Hewitt Brings Outsourcing to Pension-Risk Transfer
Fiduciary management is becoming the Next Big Thing for pension buyouts.
SSgA Names Lori Heinel Chief Portfolio Strategist
The ex-Oppenheimer executive brings 30 years of experience to the newly created role.
BT Pension’s Levy Exemption ‘Illegal’, Says Top European Court
The UK government’s financial backing of BT’s pension fund has been called into question following a European court ruling.
Danish Regulator Ups Alts Reporting Requirements
Pension funds will have to disclose hedge fund, private equity, and infrastructure exposure on a quarterly basis as Denmark grapples with “prudent person” guidelines.
L&G Seals Buy-In for International Pension Fund
Rothesay Life and Legal & General have both announced de-risking deals for two UK pension funds.