CalPERS Names Ted Eliopoulos as CIO
America’s largest public pension fund has appointed its interim CIO to lead the $300 billion portfolio permanently.
News
Uncomfortable Truths
Editor-in-Chief Kip McDaniel on CIO recognizing problems before market forces can react—without becoming an industry scold.
Leo de Bever Finishes Off and Starts Up
As he wraps up his tenure as the founding CEO of the Alberta Investment Management Corporation (AIMCo), de Bever looks ahead to the next frontier: fostering innovation with institutional capital.
All That Glitters
Hype or secular growth in institutional ETFs? One consultant says don't believe the headlines.
Whiteout: Infographics
A demographic breakdown of finance, asset management, tech, and a few other professions, moving up the ladder from administrative to executive.
Ortec Finance Co-Founder Boender Dies
Guus Boender set up the consultancy in 1981 and led it to become one of the leaders in asset-liability management.
Anatomy of a Questionable Scandal: NJ Pension Accused of Pay-to-Play
New Jersey’s no-holds-barred politics have swept up the state pension fund, as a union lobs claims of impropriety at the board chairman. Leanna Orr investigates.
CalPERS to Dump $4B in Hedge Fund Investments
Costs, complexity, and capacity all cited as the US’ biggest pension scraps hedge funds completely.
Putnam Makes Play for Institutions, Snags Division Head from Lazard
Long a dominant force in the retail market, Putnam’s push into the big leagues of institutional asset management will be led by Jeff Gould.
PGGM Spin-Out Secures Pension Clients
Dutch-flavoured long-term mandates have found investors in the UK.
AQR’s Asness: How I Learned to Stop Worrying and Love Smart Beta
Once one of his “top 10 pet peeves,” Cliff Asness has come around on smart beta (except for the name).
A How-To Guide to Private Debt
What you need to know about entering into the new and growing asset class of private debt—according to Mercer.
Private Equity Deals Collapsing Over Fee Disagreements
Research by Preqin shows a lack of alignment of interests through fee structures is a major barrier to private equity investment.
Goldman Sachs: Leveraged Buyouts Have Disappeared from Wall Street
Expensive
valuations and increased competition have halted leveraged buyouts in 2014,
according to the firm’s analysts.