The World’s Largest SWF Bans a Stock. Does It Matter?
The Norwegian sovereign fund has dropped one of the world’s 10 biggest smartphone manufacturers over “severe corruption” concerns.
News
New York-Presbyterian CIO to Retire
The hospital is seeking a new investment officer to oversee its $5 billion in endowment and retirement assets.
ADIA Names Ex-GE Exec as Private Equity Chief
Sherwood Dodge will oversee the entire private equity program as the sovereign fund continues to insource.
Russell: Borrowing Is Cheaper Than PBGC Premiums
Fully funding pensions now allows plan sponsors to avoid costly premiums and take advantage of tax arbitrage, according to Russell Investments.
The New-Look BlackRock: All Change For Equities, Bonds, Real Assets
The world’s largest asset manager with $4.5 trillion in assets has made bold changes to its structure in a bid to maintain its industry position.
Why Investors Should Hire a Chief Networking Officer
Cooperation, collaboration, and trust among peer investors are key to creative co-investment opportunities, academics have argued.
Majority of Hedge Funds Are Contrarian, Study Finds
The funds benefit from managers' “superior stock-picking ability,” outperforming their benchmarks by 2.4%.
U. California’s Chair on How to Hire a Great CIO
Paul Wachter—portfolio adviser to Arnold Schwarzenegger and LeBron James—reflects on his transformative tenure at UC’s $100 billion fund.
Ex-Soros PM to Lead NYC Pensions’ Public Markets, Hedge Funds
The $162 billion employees’ retirement system also promoted a new private markets chief from within its ranks.
Cambridge Associates Reshuffles Leadership
The consulting and OCIO firm has a new president with deep ties to the organization: Pension practice architect David Druley.
After Two Years of Upheaval, PIMCO’s Path to Recovery
With assets flowing into the Total Return Fund for the first time in two years, things might finally be looking up for PIMCO—even as bond funds struggle as a whole.
Timing Is Right for Mark-to-Market, Russell Says
Ford’s switch to mark-to-market pension accounting—and the resulting $1.5 billion profit boost—may set off a wave of corporate followers.
Ontario Teachers’ Taps New CIO
Bjarne Graven Larsen was formerly CIO of Denmark’s ATP.
Norway SWF to Review $471B Equity Pool
A nine-person committee will assess how the sovereign fund should adapt its equity strategy for an expected low-growth environment.
Scrap DB to Save Public Pensions, Says Think Tank
An outspoken critic of UK public pensions has published bold proposals for reform—but a switch to DC has been labelled a potential “tragedy” for employees.