Hedge Fund Report: Equity Hedge Leads, Macro Funds Wane Despite Commodity Gains
A new report by Hedge Fund Research shows that within the hedge fund universe, equity hedge leads the industry while macro funds decline.
News
Faced With Flurry of FX Suits, BNY Mellon Proposes New Pricing Model
Responding to accusations by state and federal officials of defrauding public pension funds of foreign exchange transactions, BNY Mellon is offering its clients an alternative pricing model.
Wilshire: Institutional Assets Suffer in 3Q, With Foundations & Endowments Hit Hardest
Performance of institutional assets was negative for the third quarter, with foundations and endowments hit hardest by market declines, according to Wilshire.
Volatility-Focused Strategies Gain Prominence, Yet Consultants Skeptical of 'Marketing Gimmicks'
As institutions increasingly seek to mitigate volatility in their portfolios, new investing strategies such as risk parity and low-volatility equities gain prominence. Consultants, however, remain skeptical.
Despite Strongest Pension System Worldwide, Australian Super Funds Suffer Hefty Losses
While Australia has ranked by many measures as having the strongest pension system globally, its super funds have suffered losses due to market volatility.
Report: Greece Desperate for Pension Reform While Australia Triumphs
Following a report by consulting firm Mercer that ranked the pension system of the United States in tenth place, a new analysis by Allianz Global Investors (AllianzGI) shows that Greece is under the most pressure to reform while the Australian pension system ranks as the best.
Endowment Study: Institutions Boast Investment Returns Averaging 19.8% in Fiscal Year
Preliminary data released by the Commonfund Institute and the National Association of College and University Business Officers (NACUBO) has found that for the 2011 fiscal year (July 1, 2010 to June 30, 2011), institutions’ endowments in the United States returned an average of 19.8%.
Buffett's Berkshire Hathaway Suffers Profit Drop in 3Q, Derivatives to Blame
Warren Buffett's Berkshire Hathaway has suffered a 24% decline in its third-quarter profits.
Citi Wins Over Abu Dhabi in Arbitration Case on $7.5B Investment
Citigroup has won its arbitration case over Abu Dhabi’s $7.5 billion investment in the bank.
Fed Forges Ahead With Operation Twist
The Federal Reserve has decided to continue its plan of purchasing longer-term securities while holding interest rates low through 2013 -- a move that may contribute to potentially detracting appeal of liability-driven investing strategies for plan sponsors.
Mercer Releases Stewardship Service in Europe
Mercer has launched a new service to assist institutional investors in meeting the requirements of the UK Stewardship Code.
Aon Hewitt: Closure to DB Accrual Among Schemes Gains Momentum
An increasing number of schemes in the UK have closed to future Defined Benefit (DB) accrual or are currently in the process of doing so, a study by consulting firm Aon Hewitt reveals.
Study: Corporate Bond Indices Are Faulty
Research by the EDHEC-Risk Institute has concluded that the construction methodologies of corporate bond indices are unreliable.
World's Largest Currency Hedge Fund Faces Exodus With Dire Financials
As volatility pummels currency-trading strategies, the world's largest currency hedge fund, FX Concepts, is hemorrhaging money -- and they're losing people as they're losing capital.
FBI Probes Beleaguered MF Global
The recent collapse of MF Global has attracted heightened interest and scrutiny by the Federal Bureau of Investigation.