SEC: Detroit Pension Adviser Steals, Repays $3.1 M After Mall Spree
MayfieldGentry Realty Advisors has agreed to return the millions it allegedly siphoned from Detroit’s police and fire pension fund in order to buy shopping properties, the SEC says.
News
Who Runs the Best Hedge Fund?
It’s not just about performance—which hedge fund comes with the best industry recommendation?
Down With Convention(al Gilts)
UK’s Nest dumps conventional gilts in favour of corporate bonds and index-linked gilts.
Institutional Investors Boast of Risk-Awareness
Investors say traditional investment principals must go to combat rising volatility, inflation, and lower yields.
CalSTRS Delays Vote on Risk-Factor Model
The decision to adopt a four risk-factor model will not be made until at least July.
AIMCo, OMERS Take Cinema Chain on Second Attempt
Tapping into the world’s need for entertainment, Canada duo scoops engorged cinema group.
China SWF Boosts Assets to $500bn
Surge in value of overseas investments sees fund total increase by $18 billion.
Norway in Three-Way Fight for London Complex Share
The world’s largest sovereign wealth fund is vying for Blackstone’s 50% ownership of Broadgate.
New CIO at University of Wisconsin Endowment
Board member and alumnus Julie Van Cleave will take over the $2.5 billion fund.
Move over AIMco, Japan Frees up $70bn for Global Markets
There’s another $70 billion about to hit global equity and bond markets as the world’s largest pension fund shifts its allocation.
Alternatives Head Flies From BA Pension
After an impressive five years, the head of alternatives is heading to the departure lounge.
Risk Parity is Too 'Extreme' – MIT's Lo Presents His Third Way
Andrew Lo, MIT Sloan Professor of Finance, calls for a happy medium between risk parity and mean variance optimisation.
NHLPA Hires Buffalo-Based Consulting Group to Manage Pension Plan
Amid the death of defined benefit plans, a reemergence is seen in pro sports.
British Researchers Call for Shared Liability to Save DB Plans
To save defined benefit plans members need to assume more risk, researchers have found.
Corporate CIOs Know Liabilities (But Not Longevity)
A MetLife poll of plan sponsors showed CIOs are more liability-aware than ever--except regarding how long those liabilities will stick around.