CalPERS Cuts Management Fees as Portfolio Grows
America’s largest pension has reduced expenses by $90 million over five years.
News
The Problem with Active Share
Two academics have hit back after their popular measurement for active management came under scrutiny.
OCIO Firm Wurts Rebrands as Verus
A new name but unchanged focus—OCIO, risk advisory, and consulting—for the Seattle-based firm led by CEO Jeffrey MacLean.
Soaring Valuations Fail to Alter Allocations
Prices are high, and managers know it—but they are not reining in their bullish positions.
Northwestern Endowment Considers ESG Investment Committee
The $9.7 billion fund faces growing student pressure regarding its investment policies.
Larry Fink: We Are Poisoned with Short-Termism
BlackRock’s CEO warns of today’s “gambling culture” and the dangerous need for instant gratification.
Ex-JPM Transitions Chief Joins New Market Entrant
Is transition management coming back to life? Cantor Fitzgerald joins the market.
How Attractive Are Your Managers?
Research suggests it’s not such a good idea to hire “model” fund managers.
PIMCO: A Two-Style Approach to Outperformance
Combining carry and trend strategies could lead to high risk-adjusted returns in both falling and rising interest rate environments.
Former AIMCo CEO Finds New Role
Leo de Bever and top academics will advise a large sovereign wealth fund on increasing its property and unlisted real assets limits.
NYC Comptroller Vows to Shake Up Wall St ‘Status Quo’
The city’s five pension funds will change their “heads or tails, Wall Street wins” approach to investing, according to the comptroller.
San Diego County Appoints Interim CEO as CIO Search Pushes On
The former chief of the city’s pension has taken on the role to manage the county’s public sector fund.
UN Pension CEO Rebuffs Fraud Allegations
Sergio Arvizú has called staff and union heads’ accusations baseless, slanderous, and a “smear campaign.”
What Commodity Crash? SWFs Surge, Add Real Assets
Despite oil price falls, the majority of sovereign funds' assets have grown in the past 18 months.