NZ’s Orr Takes SWF Association Chair
The top man at NZ Super used his appointment to urge members to embrace transparency.
News
Do OCIOs Provide Value for Money?
UK pensions are satisfied with their fiduciary managers—but there is room for improvement in crucial areas, a survey says.
Activist Hedge Funds’ Transparency Problem
Academics warn of subtle but potentially damaging effects of activist investment.
JC Penney Seals Buy-In for $5B Pension
The retail chain takes a significant amount of pension risk off the table at minimal cost.
L&G America Takes on PRT Market, Inking Major Pension Buyout
Prudential’s grip on US pension-risk transfers is loosening, as it splits Philips’ $1.1 billion bulk annuity purchase with two competitors.
Meketa’s OCIO Group Taps Corporate CIO
Rafi Zaman, former head of global equities at DuPont Capital, has been named investment chief of the newly formed Meketa Fiduciary Management.
Kresge Foundation Funds Talent Pipeline
The nonprofit is putting its trust—and a slice of its $3.5 billion portfolio—in the hands of local students to foster future investors.
Margin Pressures Force Managers to Think Long-Term
Fund groups are seeking to invest more in technology and better systems to improve efficiency as margins come under pressure.
Sovereign Funds Rally Against Manager ‘Super-Profits’
Opaque fee structures and inflated transaction costs became targets at SWFs' annual meeting.
Smart Beta’s ETF Domination
With nearly $500 billion already under management, smart beta indices are becoming a more dominant part of the exchange-traded universe, according to Morningstar.
Another Leader Exits Harvard Endowment
Alvaro Aguirre-Simunovic is stepping down after the $37.6 billion endowment reported modest returns.
Longevity Improvements Hit the Brakes
We have stopped getting older—at least for the moment—says the UK’s Institute and Faculty of Actuaries.
Why Bond Yields Are Lower for Longer
Standard Life Investments explains what it believes is holding yields so low and for so long.
Why Only Active Managers Can Ride the ‘Momentum Wave’
Substantial drawdowns and crowded trades could “obliterate the alpha” for passive momentum strategies, according to Research Affiliates.
NZ Super: How to Buy Illiquid Equities
The self-sufficient sovereign wealth fund reveals its approach to investing in smaller stock markets—in particular, its own.