Surprise! This Public Pension Isn't Complaining
CIO Profile: Dhvani Shah, Chief Investment Officer at the Illinois Municipal Retirement Fund, speaks with aiCIO about how the scheme's well-funded position allows it to harness its investing power.
News
Paper on Market Forecasting Wins AQR Award
AQR Capital Management has presented its first annual AQR Insight Award to Bryan Kelly, Ph.D., of the University of Chicago Booth School of Business and Seth Pruitt, Ph.D., of the Federal Reserve Board of Governors for their unpublished research in predicting market returns more accurately over one-month and one-year time horizons.
Towers Watson ‘Delegated Investment’ Assets on the Rise
Pension funds are delegating more and more investment decisions - are consultants picking up more business than asset managers?
Illinois Fund OKs State Street, Others for Transition Management
The Board of Trustees of the Illinois Teachers’ Retirement System has approved the hiring of State Street Global Markets, JP Morgan, Credit Suisse, Citi Group, and Loop Capitol to handle transition management services.
An Alternative QE3?
The International Monetary Fund agreed that Quantitative Easing is working in the UK, but there could be another way for the economy to be supported without pensions feeling the pain?
How to Manage Risk Better – or the JP Morgan ‘Surprise’
No one likes surprises - at least in finance – so MSCI has set out guidance on how to best avoid them.
CalPERS Clamors for Wal-Mart Investigation
There must be a thorough and independent investigation into the bribery allegations involving Wal-Mart's largest foreign subsidiary, Wal-Mart de Mexico, dating back to 2005, California Public Employees' Retirement System (CalPERS) has asserted.
How Dynamic Portfolio Strategies Can Help Corporate Pensions
Sophisticated dynamic allocation strategies can be useful to corporation pensions, according to research published by the EDHEC-Risk Institute.
NJ CIO Walsh: Why Private Equity 'Strategic Partnerships' Make Sense
New Jersey pension Chief Investment Officer Timothy Walsh speaks about the implications of the system's December $1.8 billion allocation across Blackstone's investment businesses, and what this means for the relationship between state pension funds and private equity firms.
NASRA: GASB Standards Are Accounting Guidelines, Not Funding Requirements
New standards implemented by the Governmental Accounting Standards Board (GASB) are expected to remove the link between pension accounting and funding, according to a letter by Keith Brainard of the National Association of State Retirement Administrators to the group's members.
Fund Managers ‘Intimidating’ Pensions
Fund managers are often blinding trustees with science, but is it the investors who should be better educated so they are not caught out?
Hedges Break Records as Investors Fear Inflation
Investors are uncertain and fearful as markets remain choppy – hedging risk is on the up.
European Equities – Between a Rock and a Hard Place
European equity managers are constrained by their mandate, but where to buy amid the Eurozone chaos?
Small Hedge Funds Get Dating Service
An introduction network to link investor capital with new hedge funds has been created in Europe.
Why Wyoming's Pension System Lost Faith in Alpha
Jeffrey Straayer, a Senior Investment Officer at the $6.5 billion Wyoming Retirement System (WRS), says that the scheme's embrace of MSCI's risk-weighted index reflects an overall skepticism of active management and a propensity toward passive.