Putting High-Priced Equities to the Test
How can investors tell if stock markets are overpriced with flawed valuation metrics?
News
Merrill Lynch CIO Resigns for Family Office
Ashvin Chhabra—former CIO of Institute for Advanced Study—will be heading up Euclidean Capital, billionaire hedge fund manager James Simons’ family office.
JP Morgan in $388M MBS Settlement
Two pension funds are among investors that have settled with the investment bank over the sale of mortgage-backed securities.
ETFs Overtake Hedge Funds in Asset Stakes
Despite the relentless push to passive, investor assets in the sector have only just moved ahead of those held by hedge funds.
DB Plans Eye Annuity Buyouts Despite Pricing Fears
Total buyouts could reach $500 billion by 2016 if interested plan sponsors annuitize just half of their liabilities, according to Mercer.
Smart Beta's Google Problem
Part two of CIO’s four-part Google Trends series: A look into the digital impact of one of investing’s hottest categories—and most hated names.
How (Not) to Tackle a Negative Cash Flow
Relying on cash buckets or tactical selling won’t help pensions meet a rising level of payouts to pensioners, a report has warned.
DTE Deputy Leaves for Fisher Family Office
Forty Under Forty member Kevin Kenneally will become the Fisher Group's director of investments.
Big Doesn’t Mean Better for HFs, Study Finds
Smaller hedge funds outperformed larger peers over the last 20 crisis-ridden years.
Foreign Investment Limits Loosened for Icelandic Pensions
Investors will be able to look offshore for opportunities for the first time this decade.
Fund Managers Dismiss IMF Stability Warnings
Assertions that mutual funds and management groups pose risks to the wider financial system have been disputed by an industry body.
San Diego County Terminates OCIO Salient
The $10.6 billion public pension fund and Salient Partners will end their relationship as of August 15.
What Keeps Endowments and Foundations Up at Night?
More than 80% of E&F investors are worried about not being able to meet long-term goals and critical funding needs 10 years from now, according to NEPC.
Dallas Pension Takes Hit to Real Assets Portfolio
As the Dallas Police & Fire Pension hunts for a CIO, the reality of the task ahead becomes clear as losses of $460 million are reported.
Why Plan Sponsors Make Bad Plan Designers
Employer incentives + member behavioral biases = poor DC outcomes, policy researchers argue.