UK Public Pensions Put Active Managers Under the Microscope
Four pensions have employed a performance analysis service despite facing an enforced passive switch.
News
PIMCO Hires Hedge Fund Guru Geraldine Sundstrom
The
ex-Brevan Howard manager will join the bond shop’s multi-asset group in 2015.
Weinberg Foundation Nabs Ohio State’s CIO, Interim CIO
After hiring away the endowment's CIO, the $2 billion fund has added an investment deputy from the same office.
Institutional Investors Newly Tempted by Venture Capital
Endowments
and foundations are first in line to actively commit to venture capital in the
next 12 months, Preqin has found.
UK Pensions Regulator Clarifies its Position on Risk
Not all risk is bad, the Pensions Regulator says.
Dunatov: Volatility Measure ‘Dangerous’ for Long-Term Investors
The CIO of Coal Pension Trustees has argued that volatility is far too short-term a measure for pension fund investors.
Harvard’s Jane Mendillo Resigns
Mendillo
will leave the $33 billion endowment at the end of the year after serving six
years as its leader.
How Pensions Stayed Poor Despite 2013 Market Roar
US state and
local pension funds could expect to be at least 80% funded in 2017 under new
GASB standards, research has found.
Saudi Arabia Planning Second Sovereign Fund
The country's second sovereign wealth fund will invest government budget surpluses.
Macquarie Takes BNY Mellon’s Discarded Transitions Team
Despite industry departures, one bank sees growth in transition
management.
JP Morgan's US Pension Team Quits for Boutique
The team has joined an established set of institutional
investors at the new firm.
‘Ironclad’ Ban on Placement Agents for NYC Pensions
A full prohibition of the allocator-manager matchmakers was long overdue, said the city’s Comptroller.
Consultants Accused of Serial Conflicts
A Congressman has pressed the Labor Secretary to look into pension consultants’ “breach of fiduciary duty.”
Oil Giant in ‘Innovative’ £1.6B Pension Buy-In Deal
Total has insured more than half of the liabilities of its UK pension scheme with Pension Insurance Corporation.
Longevity Risk ‘Hugely Underestimated’, Says Bank of America
Bank of America Merrill Lynch has highlighted statistics that throw the global ageing problem into stark relief.