NYC Pensions Begin ‘Critical’ Reforms
Understaffing, inadequate technology, and risk management issues are among the problems being tackled by New York City’s Bureau of Asset Management.
News
LSE and Deutsche Börse Confirm Merger
The deal will create one of the biggest stock exchange groups in the world, as well as combining Europe’s top index providers.
Asset Managers 'Struggle to Meet Client Service Needs'
Asset management staff admit that client service is in need of improvement in a survey by BackBay Communications and OsneyMedia.
How a Pension Fund Will Fare in a Low-Carbon Economy
Reducing emissions won’t be easy on equity-heavy investors like CalSTRS—but it’s still better than the alternative, Mercer reports.
Alaska Permanent Drives to Rebuild Leadership Team
With NJ’s ex-pension chief the latest hire, two senior vacancies remain: Private markets deputy and CIO.
Bill Gross Lawsuit Contains ‘Sufficient Facts’, Judge Rules
Bill Gross’ $200 million suit against PIMCO can now head to court.
Debunking 130-30 Performance
“There is no panacea in the search for alpha,” an Aon Hewitt researcher warns.
Greece's Rockstar Economist on How to Fix Europe
Yanis Varoufakis, former Greek finance minister, tells an enthralled audience of pension professionals of a dark future for Europe and why the UK must stay in to have any chance of fixing it.
Dalio, Bridgewater, and Asset Management’s Succession Quandary
What third-world dictators and many asset managers (Dalio excepted) have in common, according to long-time industry watcher—and CIO’s founder—Charlie Ruffel.
The SEC’s New Co-Chief of Asset Management Enforcement
Insider Anthony Kelly replaces Julie Riewe, who left to become a partner at regulatory defense law firm Debevoise & Plimpton.
Most Private Equity LPs Believe Interests Are Aligned
The real worry is valuations, according to a Preqin poll.
Former Harvard CEO Jane Mendillo Joins Lazard Board
The ex-endowment chief will join Richard Haass, the Council of Foreign Relations president, on Lazard's board of directors.
Bridgewater's Client Letter: Read It in Full
The note, sent March 10, announces Jon Rubinstein's hiring and Ray Dalio’s revised succession plan.
Allstate CIO to Retire
Judy Greffin will leave the $78 billion insurer after 25 years.
Bridgewater Hires Ex-Apple Exec as Co-CEO
Jon Rubinstein will take on management responsibilities while Greg Jensen will remain as co-CIO.