Ex-Stanford CEO John Powers Joins Credit Suisse
Powers has been tapped to lead the Swiss bank’s hedge fund-buying business just months after leaving the $25 billion endowment.
News
NY State Teachers’ Taps Insider as PE Chief
After 12 years with the $109 billion fund, Gerald Yahoudy has moved up to managing director of private equity.
London Pension Rejects Divestment Demand
The UK capital’s government wants its biggest fund to exit fossil fuels—but the pension is sticking to its existing policy.
Why Asset Managers Shouldn’t Ignore the SEC’s PIMCO Probe
Bond market illiquidity and mega-manager leverage foster compliance issues—and not just for PIMCO, Morningstar argues.
Distressed PE 'Likely to Outperform Consistently'
Nearly half of distressed private equity funds performing in the top quartile went on to repeat that success in a subsequent fund.
TIAA-CREF’s OCIO Swells with Single Win
Endowment outsourcing arm Covariance will leap in size by a third after securing a major mandate.
PGGM Turns Heat Up on Remuneration Practices
One of Europe’s biggest asset owners wants to set a new standard for salaries and bonuses in the financial and corporate worlds.
Rate Rises Won’t Help Active Managers, S&P Warns
Research finds no historical evidence for higher interest rates increasing price dispersion in equity markets.
Sunsuper’s CIO David Hartley Retires
The Power 100 member will leave the A$34 billion fund after 10 years.
Aberdeen to Buy Funds-of-Funds Arden Asset Management
Attracted by Arden's liquid alts and hedge fund platforms, Aberdeen has inked its second big acquisition in as many months.
Small Cap Premium Eroding, Research Claims
The excess returns earned from holding smaller companies may not be as great as in the past, research has suggested.
Dutch Doctors Pension Cuts Out Performance Fees
SPH removes performance bonuses for asset managers as it de-risks its €9.5 billion portfolio.
Higher Fees Are Fruitless for Pension Funds, Think Tank Says
The Maryland Public Policy Institute has released a study critiquing active management in all forms—during the post-Crisis bull market, at least.
UK Pensions Opt for Independence Over Buy-Out
A survey by Aon Hewitt suggests that pension insurers may have to fish in smaller ponds to attract buy-out business.
SEC Warns PIMCO Over Potential Legal Action
An investigation into valuations in the PIMCO Total Return Active ETF’s portfolio could prompt civil action against the asset manager.