The Hassle—and High Potential—of Direct Real Estate
From aiCIO magazine's April issue: Is the direct model only reserved for "top-tier" institutions? Sage Um reports.
News
Target-Date Funds, All Grow(ing) Up
From aiCIO magazine's April issue: Custom is the way to go in standing out in a swarm of TDF-touting firms. Sage Um reports.
Endowments in Hotel California
From aiCIO magazine's April issue: How long can investors afford to be wrong about emerging markets? Leanna Orr reports.
Hedge Funds Off to Slowest Annual Start Since 2008
Long/short equities strategies remain favorites among investors as 2014 gets underway, according to Preqin.
San Diego Pension Adds Risk Parity, Drops Bonds
The $9.8
billion fund has voted to implement a new asset allocation with just 15% direct exposure to fixed
income.
Weinberg Foundation Appoints Its First CIO
Jonathan Hook, former CIO of Ohio State University's endowment, will build an internal team to manage the Baltimore-based foundation’s $2 billion in assets.
Government Advisor Urges GPIF to sell $245 billion of Japanese Bonds
The man leading the charge on overhauling Japan’s Government Pension Investment Fund has said the fund should pare back total bond holdings to about 35% of assets.
Is Your Fund Paying Too Much for Mutual Funds?
Research from Hewitt EnnisKnupp has revealed a downward trend for almost all mutual fund fees in the past three years.
New Multi-Billion Health Trusts Planned for Detroit
The bankrupt city has reached a tentative deal to cut pensions and launch two VEBAs for retiree medical funding.
Hedge Funds and Wall St. Analysts: Insider Trading?
A study of large hedge funds found systematic trading on analysts' stock ratings before publication of their outlooks.
Dutch Pensions Push to Punish Poorly Performing Managers with Lower Fees
Led by PFZW, Dutch pensions are considering renegotiating contracts, allowing them to discipline underperforming managers.
Asset Managers Opt for Value Over Growth
Bearishness on emerging markets has also waned over the last month, according to Bank of America Merrill Lynch’s latest survey.
CalPERS Cut $80M in Investment Expenses in Two Years
The
largest US public pension plan spent $136 million less than the benchmark costs
following its cost effectiveness initiative.
‘No Consensus’ on Smart Beta Fixed Income Methods
A senior researcher at EDHEC-Risk Institute has told aiCIO there’s a long way to go before smart beta can become a reality for fixed-income portfolios.
More Evidence of Rising Investor Interest in Senior Bank Loans
Research from ING Investment Management has found most pension funds expect to maintain or increase exposure to the asset.