NYC Pensions Turn Over $450 Million to Two Hedge Funds
The $120 billion retirement system has allocated $450 million to event-driven Fir Tree and quantitative specialist Cantab Capital Partners.
News
Institutional Investors in Real Estate Target Debt Funds
Debt funds are being featured more prominently in the private real estate industry, data firm Preqin has claimed.
Court Orders Greater Transparency From U of California on Investments
The University of California can no longer keep secret the performance of its high-profile venture capital investments, a judge has ruled.
Deutsche Bank Unit Settles Lawsuit with APB over Alleged Fraud
The Netherlands' largest pension fund has settled its lawsuit against a Deutsche Bank unit over mortgage-backed securities for an undisclosed sum.
Pensions Demand Structural Change to Executive Pay
Short-termism is no investor’s friend so pension funds have created guidelines to avoid it - in executive pay at least.
Where are Fiduciary Standards in Financial Markets?
Who is willing to put investors’ interests before their own? Not enough people in finance, in one leading academic’s view.
Investors Fight for Women on Boards
Institutional investors are pushing for Russell 1000 Index organizations to add women to board positions.
The Chemistry of Asset Allocation
Asset classes are the primary elements of a portfolio, but a factor-based investment approach has an array of benefits, Callan Associates says.
The Equity Risk Premium (and How We’ve Been Getting It Wrong)
Stock market investing is risky, but investors are greatly overestimating the reward they receive for doing it, research has found.
Ratings Agencies Downgrade on Kentucky's Pension Woe
The state of Kentucky has been downgraded by S&P and Moody's, spurring calls for reform to its vastly underfunded pension system.
State Pension Funds Trump Local for Funding
Despite higher contributions, locally-run pension plans are slightly less funded than their state-run peers, according to research from Boston College.
Endowment Transparency Would Be a Win for the Industry
The hands-off regulatory approach of endowment management has generally been a win for the industry, but additional scrutiny might be in its best interest, a research paper claims.
US Government Joins Pensions to Pursue Ratings Agency
Political heavyweights join the hunt for redress against rating agencies’ actions.
Internal Report: CalSTRS Needs Rate Hike
The second-biggest public pension in the US needs a $4.5 billion yearly boost in annual payments, an internal report found.
Graphic: The Periodic Table of Hedge Fund Returns
Hedge fund strategies sorted by performance—from 2000’s blockbuster Convertible Arbitrage to 2012’s top performer, Distressed Securities—courtesy of Boomerang Capital.