UPS Loses Liquid Alts Chief to Hedge Fund
Leo Svoboda will be joining NYC-based hedge fund Penso Advisors in May.
News
The Divided Kingdom of Newport Beach
Bill Gross and PIMCO: Is there room in this town for the two of them?
The Problem with Active Share
Two academics have hit back after their popular measurement for active management was questioned by AQR.
Penn Teachers Appoints Executive Director
The $52 billion public pension has appointed a state representative to its top job.
Fees, Lawsuits, and the Fate of TDFs
Do plan sponsors have a fiduciary duty to choose the cheapest target-date solution?
The Capitalists’ Guide to ESG
Is it possible to create real financial value from doing good?
BNY Mellon Fined £126M for Custody Failings
The world’s largest custodian has been criticised by the UK financial regulator for “serious failures”.
Bain Hires Massachusetts Ex-Governor for Social Impact Business
Deval Patrick will run the socially responsible investment division at the Boston-based private equity firm.
CalPERS Cuts Management Fees as Portfolio Grows
America’s largest pension has reduced expenses by $90 million over five years.
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.