CalPERS: $3.4B Fees, $24B Gains from Private Equity
The $300 billion public pension plan has released private equity performance fees for the period since 1990.
News
Moody’s: PBGC Likely to Go Broke by 2025
The ever-increasing premiums intended to close a growing deficit could ultimately push the insurer over the edge.
Scottish Widows Enters De-Risking Market
The Lloyds Bank subsidiary makes its bulk annuity debut with a £400 million buy-in.
European PE Managers’ Bid to Raise Disclosure Standards
Trade body Invest Europe has brought out fresh guidelines for its members to improve transparency in the private-equity sector.
Australian Corporate CIO Exits for Asset Manager
Jim Christensen is returning to QIC after five years at the helm of Australia’s largest corporate pension.
How Short-Termism Hurts Governance
Institutional investors believe corporate governance is a critical driver of performance, but struggle to focus on the long term, Aberdeen Asset Management has argued.
Asset International Announces Hiring of Nine Executives and Staff in Support of Expansion Plan
The fast-growing information and data provider to the asset management industry—and Chief Investment Officer's parent company—strengthens its resources.
London Pensions Confirm First Pooled Fund Launch
The 33 local authorities could combine as much as £6 billion by the end of March 2016.
Is It Too Late for Institutions To Be Contrarian?
Investors are plagued with an organizational behavioral bias problem, despite predictable factor returns, Research Affiliates has argued.
Divestment Doesn't Work, Says NZ Super
But the sovereign wealth fund argues that many other ways of practically addressing environmental, social, and governance issues within a portfolio do work.
Pensions Urge ‘Strong Action’ over Climate Change in Paris
The managers of €215 billion of European pension assets have set out demands for policymakers ahead of next month’s crucial climate summit.
When (and Where) Activist Investing Goes Wrong
Research shows that investments by “highly politicized” sovereign wealth funds can be detrimental to company performance.
Wine, Cheese, and a Lesson in Statistics
Academics and pension practitioners meet in France to discuss longevity—and how to completely baffle unsuspecting journalists.