What DC Plans Can Learn from DB
Defined contribution schemes tend to fail on two of three key criteria, a research paper argues, but can look to DB as a role model.
News
GSAM v Vervoer Battle Over
The dispute over a fiduciary management contract has been settled out of court.
Railpen Eyes Additions to Private Equity Portfolio
The UK pension manager is mulling additions to its alternatives allocation “outside the traditional fund model”.
NYC Pensions Seek More Alternative Investments
State senators have proposed a bill outlining a 10
percentage point increase in exposures to more attractive asset classes and
strategies.
Activists Post Strong Returns, But at a Price
Preqin has
found activist investors returned an average of 11.82% last year but earned a
three-year Sharpe ratio of 0.52, well below the industry average of 0.77.
Mercer Sees ‘Parcelling Up’ of Liabilities as Future Derisking Trend
Pensions across North America and Europe are getting more ambitious in their derisking plans, according to the consultancy firm.
UK Union Launches Attack on CPPIB, APG Over Tax
A workers’ union claims Canadian and Dutch pension funds are “dodging” tax through investments in a London shopping centre.
LDI, the Second Best Derisking Strategy?
Absolute
return strategies could help corporate pension plans better protect its high
funding ratios in today’s rising rates environment, KKR has found.
T. Rowe Price CIO to Step Down as Portfolio Manager
Brian Rogers says he will hand over responsibility for the $30 billion equity income fund, but stay on as CIO and chairman.
World’s Largest Portfolio Not Big Enough, Report Finds
The ultra-conservative $1.27 trillion Japanese pension fund will need more tax inflows to pay its future bills, a comprehensive review found.
Texas Pension Overpaid Staff in 2013, Auditor Finds
The pension funds for Texas public sector workers overpaid staff and failed to formally approve incentive plans in time, the state’s auditor has reported.
S&P Scolded for France Rating Slip
An internal error meant S&P falsely informed subscribers that France had been downgraded.
La Caisse to Expand Investment Outposts
The Québec fund has “some catching up to do” to match its compatriot funds’ networks, its CEO has said.
New Jersey Faces Further Downgrade over Pensions
A credit rating agency has warned the governor’s actions on pension reform could hit its assessment of the Garden State—again.
Cambridge Associates: The Problem of Too Much 'Dry Powder' in Private Investments
Higher than average levels of undeployed capital in private investment funds could spell trouble for investors, Cambridge Associates has found.