The Arranged Marriage
OCIO acquisitions leave institutions with under managers they never hired. How—and how not—to pull it off.
News
Pension Giant Buys GE Unit
The Canada Pension Plan Investment Board has agreed to purchase GE Capital’s private-equity lender Antares Capital.
PGGM Wins $100M in HP-Autonomy Settlement
The Dutch pension giant alleged that current and former staff gave “false and misleading statements” relating to the disastrous 2011 acquisition.
Active Share, Deconstructed
Hermes Investment Management has provided more research casting doubt on the importance of active share as a performance measure.
Helmsley Trust's Alts Chief Quits for OCIO Giant
Northern Trust has nabbed Bei Saville to lead its endowment and foundation outsourcing business.
CalPERS Plans to Cut Managers by 50%
The $300 billion public pension is reportedly set to terminate roughly half of its third-party asset managers.
SWFs Find Real Assets Edge in Peer Networks
Expect to see more giant investors teaming up on infrastructure deals, says Invesco.
Consultants (and Asset Owners): This Is Why You’re Not Innovating
Investors and consultants need to innovate their relationship first, according to research.
NJ Pension Defends $600M in Alts Fees
“Would you pay $334 to make an additional $1,800?” New Jersey's pension chair asked a senate oversight panel, under pressure over fee spend.
Investment Banks Not ‘Too Big to Ban’, Say Politicians
After forex rigging fines for investment banks, a group of US politicians wants more thought to go into whether they can continue to do business.
Georgetown Joins Stanford, Oxford in Coal Divestment
The ban only extends to the $1.5 billion endowment’s direct coal producer holdings, not to those of its managers.
Asness to Haters: Fama-French Weren’t Wrong; You Are.
AQR’s founder is tired of hearing claims that smart beta factors arose from biased backtests.
Los Angeles County’s CIO Resigns
David Kushner, two-time member of the Power 100, quit his post at the $48 billion fund as of May 29.
How to Make Money from a Changing Climate
Research shows preparing your portfolio for a low carbon economy won’t come at a cost—and may even benefit your portfolio.
Breaking the 'Optical Illusion' of Asset Management’s Gender Biases
The key to addressing the gender imbalance is disrupting stereotypes to bring about a cultural shift in the industry, according to State Street.