San Diego Pension Urged Go Passive and Save on Fees
Why pay for active when passive can work just as well? That was the message the California pension fund's board got from its strategist Salient Partners at the latest meeting.
News
Pension Funds Prefer (to Tackle) Assets
Facing up to obligations is tricky, which may be why pension funds focus on their investment portfolio most of the time.
Star Goldman Hire Quits As O’Neill Departs
Goldman Sachs Asset Management takes another hit to its senior bench with the departure of a star hire, barely 30 months after he joined the firm.
Pennings Lied to State Street Clients, Judge Concludes
Judge has trouble "distinguishing [Pennings' conduct] from embezzlement," but also criticises State Street's handling of Pennings' dismissal.
Insight, Northern Trust, Schroders, Among Winners of Inaugural aiCIO European Innovation Awards
Cardano and Deutsche Bank pick up awards at our first prize-giving for innovation in Europe.
Japan’s Pension Giant to Review Asset Allocation
The president of the Government Pension Investment Fund has suggested a potential boost in allocations to Japanese stocks.
Investor Interest in Large to Mega PE Buyout Funds Increases, Preqin Says
Preqin may have some encouraging news for fund managers looking to raise capital from limited partners for private equity buyout funds.
CIOs Call on JP Morgan to Drop Dimon as Chair
Splitting the role of board chairman and chief executive officer would improve transparency and compliance at the firm, according to a coalition of pension funds.
Want a Bigger Bonus? Work in Risk Management
Vintners and supercar merchants may need to change their target markets. It’s the risk-controllers, not the risk takers, who are taking home the bacon this year.
Record Longevity Deal for Multi-Billion Pension
The largest ever deal is struck to insure against the improving longevity of pensioners in the UK.
Asset Management + Investment Banking = Conflict
Conflicts of interest are pervasive in the asset management business owned by investment banks, an academic paper asserts.
Institutional Investors Should Reconsider ‘Safe Haven’ Government Bonds, Mercer Warns
Institutional investors should have one eye on the opportunities that could arise from a tentative economic recovery, Mercer says.
Five Questions to Ask of Your Absolute Return Fund
A guide from Morningstar to help you pick the right fund for your portfolio.
Review of New York Pension Shows Resource Strain, Praises Transparency
An independent review of New York State Common Retirement Fund finds the Comptroller's reforms "highly effective." yet highlights resource strains and an over-reliance on consultants.
Is A High-Yield Bubble Forming?
Forget the Great Rotation; investors are still clinging to high-yield bonds at any price.