The Power of Pensions: Global Scheme Activism at CalPERS, Japan's GPIF, Noway, Others
The clearest issue connected with a fund’s shareholder guidelines is the degree of equity investment, according to a newly released academic paper.
News
Large Funds Shun Outsourced Investment
Small pension investors are warming to outsourced or fiduciary management approaches, but refusing to relinquish final control; large investors are moving away entirely.
PIMCO to Investors: Use Anticipatory Cues to Guide Portfolio Construction
Can anticipatory cues help investors? According to Vineer Bhansali of PIMCO, the answer is yes if you know how to watch for them.
Europe Head Exits JP Morgan
JP Morgan Asset Management’s Head of Europe leaves the company as assets in the region hit $278 billion.
Beware of Money Market Fund Governance
There is more to choosing money market funds than many investors suspect and many are failing because of their narrow scope, experts have claimed.
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?
The CIO Profile: The United Kingdom’s Pension Protection Fund is 106% funded—and only getting better with age. Who said entities established by the government couldn’t function effectively?
Quantitative Easing Sinks Pension Funds
QE may have stabilised the UK economy, but pain has been felt by pension funds across the country, the NAPF has claimed.
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
Starting out with a more focused benchmark can help investors earn better returns, GSAM says.
MSCI Questions Efficiency of Risk-Based Diversification
The application of risk-based strategies for capturing lower volatility may be viewed as more appropriate for a long-term investment strategy than for short-term risk reduction, according to a MSCI whitepaper.
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.