Hedge Fund Compensation Takes a Dive
Between bonuses and base salary, pay packets have shrunk by nearly half.
News
More than 10% of S&P 500 Assets Now Passive
$1.9 trillion is invested in passive strategies tracking the US’s leading stock index, according to research.
Bank of America Settles RMBS Suit for Nearly $17B
The bank has agreed to pay more than $9 billion in a cash penalty and $7 billion in aid to homeowners for selling flawed mortgage securities prior to the crisis.
First Pooled LDI Pension Buyout Completes
Segregated mandates are no longer required to transfer pension risk.
Calling All Rocket Scientists: CERN is Recruiting
The international nuclear science centre is advertising for a new CEO to lead its pension fund.
Detroit’s Bankruptcy and its Impact on Your Bond Portfolio
Columbia Management’s Ty Schoback gives a verdict on the effects of Detroit’s Chapter 9 bankruptcy on bond investors.
Macro Hedge Fund Outflows Continue in July
Better performance has not lured investors back to macro strategies, and credit hedge funds are suffering too.
Norway Adds New CIOs in Radical SWF Overhaul
The world’s largest SWF has shaken up—and doubled—its senior investment team
RWC, Threadneedle Boost Institutional Teams
Two UK-based firms are growing their institutional teams in an effort to raise their profiles in this sector.
New Banking CIO for Danish Pension
One of the largest pensions in Denmark is to have its first CIO in five years.
The Cost of Looking for Luck
Researchers say a persistent behavioral bias leaves millions on the table—but perhaps knock on wood before exploiting it…
Dutch Pension Buyout Market Ignites
De-risking activity has moved up a gear in the Netherlands.
Lehman Brothers UK Pension Strikes Funding Deal
An agreement between the failed bank and its pension means members will not face having their benefits capped.
Northern Trust Builds Out OCIO Team, Led by Pension CIO
Patrick Groenendijk is one of five senior hires for the rapidly growing division.
Steven Cohen’s Point72 Loses President
Tom
Conheeney announced his departure from the hedge fund-turned-family office
after 15 years of service.