Institutional Investors Bite Back
Company executives have had it their own way for too long – investors are stepping up to the plate.
News
NCPERS Spells Out Public Plan Governance Best-Practices
Explicit risk policies, performance measurement, and liability accounting must all be part of strong governance structures at public pensions, according to the National Conference of Public Employees Retirement Systems.
Do Hedge Funds Outperform Stocks and Bonds?
While hedge funds have a potentially valuable role in reducing overall portfolio risk due to their low correlation with other assets, their overall superior risk and return characteristics are questionable, according to a newly published paper.
Pensions Demand Trading Equality (With Caveats)
Pension funds have asked Brussels to consider their position when constructing new trading guidelines.
Madoff Trustee Seeks More Money for Victims
Bernie Madoff's family has been hit with a lawsuit totaling $255.3 million for failing to catch the patriarch's Ponzi scheme.
AQR: With Diversification, Styles Trump Assets
If investors combine various asset classes, they can create a portfolio that is similar to a global market-cap portfolio, cutting volatility and increasing their Sharpe ratio, says Antti Ilmanen, managing director of AQR Capital Management.
CalSTRS Sues Wal-Mart Officials, Alleges Bribery
The second largest public pension fund in the United States has sued officers and directors of Wal-Mart over allegations that the retailer bribed officials in Mexico.
International Small-Caps Re-emerge as a Shiny New Asset Class
Many investors remain underexposed to international small cap stocks -- an underweight that could be increasingly costly, according to a whitepaper by Morgan Stanley Investment Management.
APG Starts Indian Hospitality Adventure
With burgeoning economies and growing wealth in the middle classes, European pension investors are looking east for leisure projects.
Will Inflation Force Investors Out of Pharmaceuticals?
Defensive these stocks may be, but if they are losing investors’ money in real terms, are they worth holding?
Is Federal Supervision the Silver Bullet to Pension Underfunding?
"The threat of a Federal Solution hopefully will deter plans who currently make the full actuarial required contributions payments from going back on this promise," says Chris Tobe, a former trustee of the Kentucky Retirement Systems (KRS).
New Zealand Pension Bids to Oust Harvard From Forest Investment
The New Zealand Superannuation Fund is in discussions with Harvard Management Company over the purchase of Harvard’s majority stake in the Kaingaroa forest estate.
Pension Fund Management Without the Ego
The Profile: Chris Parrott, Pensions Manager at BAA, tells aiCIO what a career in pensions has meant to him.
French Reserve Fund Loses CIO
The head of investment at the French pension reserve fund has left after almost a decade with the organisation.
Mercer: Pension Plan Funding Declines in April
Three steps forward, one step back -- that's the sad story for pension funds in the United States, according to new results from Mercer.