High-Frequency Trading: Winner Takes All?
Not all HFTs are created equal—and some
massively outperform their peers.
News
CalPERS Seeks a New CIO
The largest
US public pension has launched a global search for its new leader.
Investors Retreat from Risk (Again)
The largest cash piles in two years signal investors are not quite prepared to go all in.
OMERS Strengthens Private Equity Team
The Ontario pension fund has brought aboard an 18-year industry veteran to its London team.
Russell: Perfecting the DC Plan
Russell
Investments has outlined tweaks and improvements to mainstream schemes, and given an industry outlook for the next 10 years.
Multi-Manager v. Multi-Strategy: The Hedge Fund Debate
High fees
and employee turnovers of multi-manager hedge funds may overpower their benefits, Cambridge Associates has found.
When Real Estate Became All About Debt
This year could be the turning point for debt funds to raise more capital than equity.
State-Run DC Plan for Private Sector Moves Ahead
Connecticut has passed a bill paving the way for a public retirement system for private workers.
NJ Pension: Up with Active Management, Down with EM Equities
The $76.8 billion fund has cut its emerging market ETF exposure by more than $1 billion.
Protect, Perform, Provide
From the vault: Wake Forest University’s Jim Dunn is bringing the school’s billion-dollar endowment back to basics. A 2010 cover story by Kip McDaniel.
Wake Forest Spins Off Endowment Office as OCIO Shop
Verger Capital Management, a joint venture between the university and management team, will be a led by current CIO Jim Dunn.
Asset Boom in Asia, but No Pay Day for Managers
A move to bring investment capabilities in-house could mean managers miss out on growing assets.
CalPERS Presses Bank of America to Fire PwC
Accounting errors under PricewaterhouseCoopers’ watch led the pension to vote against its contract renewal.
Stanford to Dump Coal Holdings
The $18.7
billion endowment joined a dozen other universities by divesting from 100 public
coal-extracting companies.
SEC: Private Equity Firms and Illegal Fee Collections
An
examination of private equity firms the last two years revealed an “enormous
grey area” of hidden fees and expense-shifting, costing investors proper
monitoring of investments.