News
Beware of Money Market Fund Governance
Oaktree's Marks: UPenn Underperformance Due to Defensive Posturing, Attempting to Please University
In order to survive and have a chance to produce long-term performance, investors have to live up to their constituencies in the short run, according to a memo from Oaktree Principal and Chairman Howard Marks.
Analysis: Asset Managers Suffer Slower Revenue Growth
The asset management industry suffered significantly slower revenue growth in 2011, while profitability remained stable, according to an analysis by Casey Quirk.
Paper: Three Cheers for Equities Long-Term
Given the return requirements of investors around the world, equities should remain a significant building block in an asset allocation program, Wellington Management concludes.
Overfunded, Sophisticated, Growing…and Established by the Government?
Quantitative Easing Sinks Pension Funds
Australia Treasury Says No to Sovereign Wealth Fund
Australian Treasury Secretary Martin Parkinson has voiced disapproval of a sovereign wealth fund for the country following strong support for such a fund from resource-rich Western Australia.
Actuary: CalPERS Should Slash Assumed Rate to 7.25%
CalPERS Actuary Alan Milligan is recommending trimming the fund's annual return estimate to 7.25% from 7.75%.
GSAM: Better Benchmarking for Better Returns
MSCI Questions Efficiency of Risk-Based Diversification
Northern Trust: Popularity of Passive Investing Fuels Customized Beta Strategies
Increased focus on passive investments is making customized beta strategies increasingly appealing to institutional investors.
Could Royal Mail Pension Cause Flash Crash?
Is Risk Measurement Damaging Long-Term Performance?
Paper: Investors Need Better Balance of Investment/Business Sides, Extremes Are Worrisome
Investment firms must do a better job of being both 'asset gatherers' and 'investors' to build and sustain a business, according to Janie Kass of Margolis Advisory Group.