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.
News
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.
Are You Analysing Your Portfolio Costs Correctly?
Investors should compare investment costs to alpha generation and not total return to get a clear idea of how expensive their portfolio is, according to Wurts & Associates.
TIAA-CREF Buys Nuveen, Vaults Up AUM League Tables
The firm will now manage upward of $800 billion in assets, making it one of the largest asset management firms in the world.
PFA Increases Investment Exposure to Small and Medium-Sized Businesses
Denmark’s largest commercial pension fund has increased its stake in Kirk & Thorsen Invest to more than a third.
Aegon Agrees Pension Payment to End Six-Year Dispute
The Dutch life, pensions, and asset management giant has agreed to pay €80 million to the harbour workers’ pension fund.
Lyne Quits F&C
Julian Lyne is set to join a rival firm.
‘Be More Like Buffett’, LA Pension Told
Los Angeles is building up a pension problem and one think tank says the Sage of Omaha can solve it.
Capital Adequacy Blow for Infrastructure Projects
The European Insurance and Occupational Pensions Authority will not recommend lower capital charges for financing infrastructure projects.
BlackRock: How Much Risk Parity is Enough?
A transition
in allocation from traditional to a total risk parity portfolio could result in
more than a 40% rise in the Sharpe ratio, BlackRock has found.
Book Review: Flash Boys, A Wall Street Revolt
Editor-in-Chief Kip McDaniel discusses Michael Lewis' new book and the power of the buy-side.