Cliff Asness: The Case for Leverage
AQR’s outspoken founder has argued in favour of (well-managed) leverage despite the strategy falling out of favour post-crisis.
News
Mercer Revamps Hedge Fund Leadership
The global firm has created a CIO and deputy CIO role for the division, and promoted internal candidates into both.
Time to Hedge? Japan’s Pension Doesn’t Think So
The Government Pension Investment Fund hasn’t factored in a stronger yen to its investment strategy.
US Attempts to Break Barriers for Infrastructure Investors
The working group devoted to attracting capital has highlighted pension funds and institutions’ excellent fit as investors.
How to Beat the Market: Go Big, Active, and In-House
A major analysis of pension fund investment and returns has revealed three key aspects to outperformance. And, on average, you’re probably getting it right.
Moody’s Predicts Pension Funding Level Declines
Reporting season is unlikely to bring good news for retirement funds, the ratings agency has warned.
Salient Angles Towards Retail Market with Acquisition
“OCIO isn’t the main focus of the business right now,” CIO Lee Partridge says.
Pension Funds Question KKR’s Fee Transparency
The private equity giant refunded certain fees following a US Securities and Exchange Commission examination, but some pensions reportedly discovered the true circumstances only through media reports.
Tim Jones Quits as NEST Chief Executive
The head of the UK’s national pension fund has resigned from his role to return to the digital payments sector.
Former ConvergEx Exec. Banned from Industry for Five Years
Craig Lax, ex-global head of execution, has admitted wrongdoing to settle the SEC’s claims that he oversaw systemic, deceptive overcharging of clients.
White House Highlights E&F’s Sustainable Investments
The University of California and the Hewlett Foundation have already committed to the White House’s $2 billion climate change initiative.
How Not to Merge a Pension Fund
Public pensions around the UK are working more closely than ever before. But why can’t they all play nicely?
PRT Activity Pipeline to Swell in Next Five Years
A UK energy company has insured £2 billion of longevity risk, while a survey shows that half of major pension funds could conduct a de-risking exercise by 2020.
UK Pension Funding Hits Worst-Ever Shortfall
Aggregate deficits have ballooned by £101 billion in a month across UK corporate schemes.
US Funds Post Sixth Year of Consecutive Gains
Corporate pension funds outperformed public plans in 2014, as well as endowments and foundations.