Amid Internal Clashes, San Diego Hunts for CIO
The public pension’s OCIO experiment with Salient Partners is reaching a tumultuous end.
News
Norway Adopts Fresh Responsible Investment Framework
The Ministry of Finance has passed oversight for the SWF’s responsible investing to Norges Bank and a five-strong ethics council.
AQR: Multiple Risk Factors Are Better than One
Investors could reap diversification benefits and higher returns from various asset classes by combining different factors, the firm has said.
Moore’s Law and Managing Money
A backward-looking, statistical view of risk where volatility dominates does not serve us well, writes former Schroders CIO Alan Brown.
How Not to Fall Prey to the Flash Boys
Not only are high-frequency traders not trading as fast as expected, they only impact a fraction of the market, according to Abel/Noser.
The Best Thing for Active Managers? Passive Investors.
As institutions slash active mandates, managers on both sides of the active versus passive argument rejoice.
Fireworks in Frankfurt
Delegates at a pensions conference turn up the heat on the regulators.
Managers Hoarding Cash as Oil Plummets
Short-term uncertainties in the commodity markets have led fund managers to build up some dry powder.
CalPERS Hits Back At Calls for Fossil Fuel Divestment
A bill to be scrutinised by the Californian senate in January could lead to forced divestments for the state’s biggest investors.
Russell Director Exits After Three Years
With the firm in flux, a director in Russell’s UK pension solutions group is now on gardening leave.
How Did Balanced Funds Weather the Crisis?
Is complexity overrated? Is risk parity working? CIO asks if pensions might have been better off sticking with the old ways.
On Baking Banking Partnerships
Investment banks are taking on new roles to pick up pension clients—including baking cookies.
A Beginner's Guide to Tackling Alternatives
Instead of paying trading costs later on, inexperienced investors could be better off with larger initial allocations to alternatives, according to academics.
Martin Roth is Searching for Returns—Everywhere
The pension chief at Manor, Switzerland’s largest department store, wants better yields on his investments—and is tearing up the Swiss rulebook to find them.
Looking Back to Look Forward
CIO’s European Editor ponders unintended consequences—for journalists, CIOs, and bond kings—as 2014 draws to a close.