Private Debt: the Up-and-Coming Alternative Player
Investors
are increasingly re-allocating capital from traditional fixed income and alternatives to
private debt, Preqin has said.
News
UK to Issue More Inflation-Linked Bonds as Demand Soars
Record demand for inflation-linked assets has seen the UK’s latest debt auction three times over-subscribed.
Private Equity’s Most Consistent Performers
The firms that didn’t make the list may be as surprising as those that did.
Dark Pool Inquiry Spreads to UBS, Deutsche Bank
The European
banking giants have been questioned by US regulators for possible securities
law violations concerning high frequency trading.
Op-Ed: Congress’ Temporary Pension Relief Is Hardly Relief At All
As legislators grapple over another highway bill funded on pension smoothing, former PBGC Director Charles Millard calls for the measure to be made permanent.
Frothy Valuations? Dial Back Risk, Bank Says
Swiss bank UBS has argued that a recent wobble by a Portuguese bank demonstrates how susceptible markets are to bad news.
A Hippocratic Oath for Bankers?
More regulation won’t work, says a UK think tank and suggests bankers take the moral high ground.
Clarifying Quality: How to Spot a Real Value Stock
S&P Dow Jones Indices has outlined steps to identifying the Bentley of equities.
How Much Can Corporate Sponsors Shape Pension Asset Allocation?
Firms highly
invested in innovation allocated more to private equity while companies with
large land holdings invested heavily in real estate, according to a study.
Latest Company in Activist Crosshairs: Coca-Cola
David Winters’ hedge fund has launched an attack on the soda company, and apparently has the interest of at least one major institutional shareholder.
Philips Secures Second Buy-In in 12 Months
Prudential has insured £300 million of liabilities of Philips’ UK pension.
CalPERS Beats Targets, Scrutinizes Hedge Fund Program
Interim CIO Ted Eliopoulos called the equities portfolio’s 25% return “a very big number.”
White House Launches $10B Rural Infrastructure Fund
The US
Department of Agriculture will connect institutional investors to opportunities
in rural water systems, energy projects, food systems, and infrastructure.
SEC Allows Redemption Fees for Money Market Funds
The regulator is to introduce floating valuations and the option for redemption fees as part of an overhaul of money market fund rules.
Past Performance Key to Future Returns (at Least in Private Equity)
Convention be damned? Preqin has found private equity consultants think the past is a guide to the future—and data suggests this may be right.