First State Super CIO to Exit
Richard Brandweiner is set to join an impact investment firm.
News
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.
NYSTRS Hires Ex-Philadelphia CIO
Brad Woolworth has joined the private equity team at the New York State Teachers’ Retirement System.
Harvard Endowment Chief Stephen Blyth Resigns
Robert Ettl will continue to serve as interim CEO while the $37.6 billion endowment searches for a permanent replacement.
State Street to Pay $530M to Settle FX Charges
US authorities have claimed State Street made “substantial profits at the expense of its custody clients.”
The Masters of Factor Timing
Look to newer, smaller hedge funds with high incentive fees for the most timing ability, researchers have claimed.
Public Funds ‘on the Hook for Excessive PE Fees’
Public pensions must shoulder some of the blame when it comes to paying high fees for private equity, a law professor argues.