Pension Systems Are Desperate for Reforms, Consultancy Says
Plan
sponsors must manage participants’ benefit expectations to contend with
diminishing financial resources, according to strategy firm EY.
News
Guest Column: A Better Tactic for Hedge Fund Analysis
The deputy CIO of Kentucky Retirement Systems on why (and how) volatility cones can help asset owners separate manager skill from luck.
Ex-Asset Owners Take Tops Jobs at Towers Watson, Lombard Odier
Both firms have named former pension investment staff to leading retirement-focused positions.
Investors Warming Up Again to Macro Hedge Funds?
After more than a year of sluggish interest, some signs point to macro strategies regaining popularity.
JP Morgan Sells Half of Private Equity Business
The
banking giant has reached a deal with two firms to sell 50% of One Equity
Partners as it continues “pruning” unnecessary divisions.
IMF Urges SWF for China’s Casino City
Gambling
money has been flooding into Macau—and the IMF wants it managed properly.
Fake Suicide, Prison Abuse Claims Won't Keep Ponzi Schemer from Jail
The founder of Bayou Hedge Fund Group—a $450 million fraud—has once again failed to give his felony sentence the slip.
Harvard Loses CFO Dan Shore
Shore,
who has served as the university’s finance chief for six years, is the latest
of a series of high-level financial officers to make their exits.
Ex-CEO of BP Pension Trustees Joins 300 Club
Called “a
stalwart of the UK pensions industry,” Sally Bridgeland has been inducted into
a group that challenges the current investment landscape.
Texas A&M Drops Fund Evaluation Group for LCG
The private consulting firm beat out 18 competitors to help manage Texas A&M’s $3.66 billion investment program.
Former ConvergEx Executive Charged with Fraud
Anthony Blumberg “directed a culture of deception and greed” at the offshore broker-dealer, according to an SEC enforcer.
Weeding Out False Factors for Smarter Beta
New and exotic factors are
less likely to earn excess returns or perform persistently, researchers have said.
SWF to Buy Out Malaysia Airlines
The
Malaysian government has said it would pay $437 million as part of a “holistic
restructuring plan” following the airline’s recent tragedies.
Manager Bonanza at CIC
The largest sovereign fund in Asia has bucked the international trend of bringing investment capability in house.
Norway Steps Up Investor Pressure
The world’s largest owner of listed stocks appears to mean business on corporate governance.