When Private Equity GPs Play Favorites
If you’re the heavyweight LP with discount fees, great. But what about everyone else?
News
U. California Moving Away From DB
A new retirement program designed to cut costs will offer employees a choice between hybrid and pure defined contribution plans.
Pension Herding Has ‘Broken Up,’ Says Russell
Corporate funds have stopped copying from their neighbors—most of the time.
The Factor-Based Approach to Fixed Income
Smart beta methods can work outside of equity markets, research shows.
NJ Pension Asked to Switch Back to 60-40
The state AFL-CIO chapter presented a plan to drop its alternatives investments and revert to a “responsible, traditional allocation of stocks and bonds.”
Slocum CIO Quits to Spin Out Derivatives Fund
Jon Havice and “key principals” of the consulting firm have founded an equities shop, CIO has learned.
UBS Launches Another OCIO Program
The asset management and wealth management groups will team up to target institutional clients with less than $250 million in assets.
L&G Backs £230M De-Risking Deal
The medically underwritten transaction is the biggest of its type in the UK to date.
Access to Success? More Public Pension Pools Emerge
The last few pensions have declared their plans as the UK pushes on with public fund collaboration.
Asness: Factors Could Be ‘Arbitraged Away’ by ETFs
“We can’t all tilt one way,” the AQR founder explained at an FEG investing conference.
Hedge Funds Post ‘a Trickle’ of Inflows
New capital hit just over $4 billion last month, a fraction of the average of $23 billion over the last six Februaries, eVestment reports.
Another Rockefeller Fund Divests from Fossil Fuels
The Rockefeller Family Fund also singled out ExxonMobil, whose stocks it liquidated “effective immediately.”
Infrastructure’s Brave New World
Long-term cash flows and attractive yields may be driving demand now, but investors may be exposing themselves to risks from new technological developments.
The Rise of the Pension Fund Landlords
Institutional investors should see the UK’s ailing rental market as an opportunity, says Invesco.
Why Public Pension Giants and Hedge Funds Don’t Mix
FEG’s Nolan Bean explains why a large retirement system like CalPERS is unlikely to gain alpha from hedge funds.