Debunking Private Equity Performance
Researchers from the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board suggest a better benchmark for evaluating buyout funds.
News
The ‘Mirage’ of Relative Performance
Relative performance results offer little insight into manager skill, writes Morningstar’s research VP.
Time for a New Liability Measure?
Spiraling deficits indicate a change to traditional methods is necessary, argues one asset manager.
How Asset Management Giants Cause Volatility
Large trades made by the industry’s biggest firms can translate into “substantial price pressure,” according to research.
Pensions Brace as UK Cuts Interest Rate
The Bank of England’s first move in more than seven years spells more trouble for UK pension funds.
First State Super CIO to Exit
Richard Brandweiner is set to join an impact investment firm.
New Jersey Pension Halves Hedge Fund Exposure
The smaller hedge fund mandate will prioritize risk-mitigating strategies and lower fees.
Placement Agent Use Up Despite Dissatisfaction
Managers and investors alike express discontent over fees while continuing to rely on placement agent services.
Ex-Baylor Scott & White CIO Named University Treasurer
Mark Amiri has joined Washington University in St. Louis nearly four months after leaving the health care fund.
Winners and Losers in Alternatives
Which alternative assets provide true diversification and outperformance? And which aren’t worth the fees?
The ‘Disruption’ of Asset Management
Asset owners are turning to passive and multi-asset strategies in search of low cost and outcome-focused investments.
Stony Brook Foundation CIO Exits
Erin Abouzaid has left to join New York-based hedge fund Hutchin Hill Capital.
OCIO Partners Capital Names Investment Chief in Reshuffle
The outsourcer has also appointed four new partners.
Transaction Costs: The Cause of Crowding?
A researcher argues trading costs do not lead portfolio managers to make similar investments—but in fact help them to differentiate.
The False Economy of High-Conviction Investing
Researchers at Standard & Poor’s argue that a ‘best-ideas’ approach has a number of downsides if asset owners rely on it too much.