Only Half of UNPRI Managers Follow Principles, Says Consultant
A Lane Clark & Peacock survey found that asset managers who say they’re committed to environmental, social, and governance issues don’t necessarily behave accordingly.
News
NY State Pension To Bolster Investment Team
The $178 billion fund is looking to fill positions in risk, fixed income, and real assets.
IBM CIO Ray Kanner to Retire
Kanner plans to step down early this summer after 23 years with the $150 billion pension fund, CIO has learned.
TIAA Targets DC in Revamp
Nuveen Investments and TIAA Investments will be unified under a defined contribution investment only business.
High 3i: Personality Metrics of Strong Asset Managers
Manager selection boils down to the people—and three key traits, writes guest columnist Christopher Schelling, private equity chief for the Texas Municipal Retirement System.
Temasek Restructures, Loses Americas Chief
The $197 billion sovereign fund has promoted its joint heads of investments to presidents, while Boon Sim will exit May 1.
Risk On, Brain Power Up
Dealing with funding shortfalls will require greater risks, but many pension professionals are worried their funds don’t have the knowledge base needed.
$5B Hedge Funds-of-Funds Aurora to Liquidate
The Chicago-based hedge fund investor said it would return capital to clients after an acquisition deal fell through last week.
The Great Canadian Pension Fight
When is big too big for pension plans? A Canadian think tank takes on the idea of mega-funds.
SWFs ‘Not to Blame for Equity Crash’
An independent think tank claims sovereign wealth funds are unlikely to have been forced sellers.
How to Build Smart Beta 2.0
Tilting an already tilted portfolio can result in higher active share as well as better factor combinations, according to Morningstar.
Public Pensions Still Hungry for Hedge Funds
In choosing to liquidate their hedge fund portfolios, CalPERS and NYCERS are the exception, not the rule, according to Preqin.
In-House Expertise Lacking at Health Care Funds
Tight budgets and small internal teams cause health and hospital systems to rely on outside consultants and OCIOs, according to Cerulli Associates.
Don’t Try to Time Factors, Says Cliff Asness
The AQR founder argues there’s little benefit in timing factors as long as value spreads remain within normal historical ranges.
GIC Reshuffles Leadership, Adds New CIOs
The sovereign fund has named Group CIO Lim Chow Kiat as deputy president, effective June 1.