Asset Owners Reevaluate Tobacco
Just as America’s largest pension fund weighs getting back into tobacco investment, the world’s largest insurance fund announces a break up with the sector.
News
Legal & General Inks £3B Annuity Deal with Aegon
The UK insurer’s American investment arm meanwhile will dive into risk-premia strategies with a new multi-asset team.
Harvard Endowment Chief Goes on Medical Leave
The fund’s COO Robert Ettl will serve as interim investment head until CEO Stephen Blyth returns.
Asset International Acquires Market Metrics, Matrix Solutions
The acquisition broadens Asset International’s portfolio of proprietary, actionable data, insights, and business intelligence.
Another Trillion Dollars for Private Equity
Dry powder levels won’t diminish anytime soon, Deloitte warns.
Carlyle Hedge Fund Chief—and Assets—Out
Investors pulled a net $3.7 billion over the last year—with another $1.5 billion on its way out.
Kentucky Pension Recommits to Hedge Funds Amid Governance Turmoil
The Kentucky Retirement Systems approved new hedge fund investments as controversy reigned over fund leadership.
The Hidden Cost of Longevity Swaps
Offloading longevity risk is not a one-way transaction, Redington has warned.
Why Asset Manager Reputation Matters
Strong brand awareness could mean increased inflows, eVestment argues, but could also lead to heightened negative bias.
Hedge Funds Crowding Out Liquidity
As more managers make the same investments, the industry as a whole can become increasingly illiquid, according to Novus.
Mark Wiseman Exits CPPIB for BlackRock
The CEO of Canada’s largest public pension will join the world’s biggest asset manager in September.
Managers Brace for ‘Summer of Shocks’
Concerns about China, Brexit, and changes to monetary policy are driving asset managers more cautious.
San Diego Pension Rebuilds Post-OCIO
A new CIO, CEO, and now deputy CIO have taken over after a fraught outsourcing attempt.
Bank of America Accused of Misleading PIMCO, Blackstone
A gender discrimination suit by a female managing director alleges that the bank engaged in unethical and illegal behavior.
Impact Investing is ‘Thriving’: Survey
Investors are putting more money towards social and environmental causes, and reporting encouraging results.