Moody’s to Pay CalPERS $130M for 'Negligent' Ratings
The ratings agency was sued by the country’s largest public pension for investment vehicle grades issued prior to the financial crisis.
News
MassMutual Boutiques to Merge Under Barings
The soon-to-be $260 billion asset manager will fold in Babson Capital, Cornerstone Real Estate, and Wood Creek Capital.
UK Infrastructure Collaboration (Finally) Comes to Market
After a troubled start, the Pensions Infrastructure Platform has launched its first mainstream strategy for UK investors.
Below the Surface of ESG Funds
New research shows there may be more ‘green’ funds available than otherwise thought—and more funds that go against ethical values.
How Short-Term Activists Hurt Long-Term Investors
Research shows short-term investors pressure firms to create artificial earnings at the cost of long-term gains.
Playing Risk Management Whack-a-Mole
Eliminating one risk can often mean exacerbating another, argues Wilshire chief Andrew Junkin.
European Pensions Warn of Impending Liquidity Crisis
Forcing pension funds to post cash collateral on derivatives will backfire, APG and PGGM contend.
Female Leadership Growing in Private Equity
Women hold an increasing percentage of senior roles at private equity firms, Preqin reports.
PGGM Loses Private Markets CIO
Power 100 alumnus Ruulke Bagijn has left the Dutch pension giant to join French asset manager AXA.
Why Swensen, Buffett Preach Passive—But Bank on Active
In the words of Morningstar’s VP of research, “What gives?”
Underprivileged Managers Have Fewer Opportunities, Better Returns
Research shows asset managers with low-income backgrounds face higher barriers into the industry, necessitating higher skills to succeed.
The Brand Problem in OCIO and LDI
A significant number of asset owners struggled to name a good OCIO or LDI provider, as JP Morgan and BlackRock topped rankings.
CalSTRS to Sue Volkswagen Over Emissions Scandal
The $179 billion pension will take part in a suit accusing the firm of threatening long-term shareholder value.
Pensions Hit Back at Proposed Ban on Divestment
The UK government wants to restrict public pensions’ ability to include non-financial factors in their decision making.
The Rise of Co-Investments
Real estate managers are more open than they used to be to alternative fundraising methods despite giving up some control.