Wall Street Rakes in Third-Best Bonus Season Ever
Banks made it rain on New York City’s securities staffers in 2013, distributing $26.7 billion in cash bonuses.
News
Turning Bad Currency Exposures into Good Risks
A study found heavily-hedged currency portfolios allocated to alpha-generating managers saw improved returns within the mandated risk bucket.
Major Shake Up for Sweden’s Pension System
Politicians have decided to update how more than €100 billion in domestic pension assets are run.
Icahn, Aon, 27 Others Appear on Pension Enemy List
The American Federation of Teachers is urging defined benefit plans to avoid investing with managers it says are linked to anti-pension groups.
Ukraine Crisis Poses Little Systemic Risk, Investors Say
The asset management industry is largely unruffled by the geopolitical conflict between Ukraine and Russia.
NJ Pension Names Acting Director to Top Job
Chris McDonough, interim leader since September 2013, succeeds former head Tim Walsh as director of the $87 billion operation.
BNY Mellon to Exit Transition Management Business
Four major players have abandoned the industry in under a year.
SAC Capital Starts Anew as Point72
The hedge
fund firm turned family office is rebranding as Point72 Asset Management after
pleading guilty to insider trading.
Q&A: USS on How to Get Corporate Governance Right
The co-head of responsible investment at the UK’s largest pension explains the fund’s approach to investing well—and for the long term.
The New Weapon in the LDI Arsenal
An ultra-long government bond future offers novel synthetic exposure to gilts, but will the market care enough to make it viable?
New Central Banking CIO for Korean SWF
One of Asia’s largest investors has a new man in charge.
401(k) Plans’ Pervasive Problem of Excess Fees
Half of plans offer a menu item that “no reasonable investor would select,” according to Yale and University of Virginia researchers.
Roubini: Bitcoin is a ‘Ponzi Scheme’
Dr. Doom thinks bitcoins are a “lousy”
store of value and a channel for criminal activities.
Has the Tide Turned for Macro Hedge Funds?
Some macro strategies are powering ahead, but is it too soon to claim the strategy’s crisis is over?
Japan Pension to Aim for 1.7% Annual Return
The Government Pension Investment Fund’s target is far lower than CalPERS, the CPPIB, and Norway.