BlackRock CEO: European Equities Trump Debt
Laurence Fink, CEO of BlackRock, says that European equities and stocks that pay dividends are still a wise bet amid current tumultuous markets.
News
IMF: Pensions May Flock to Emerging Markets
A new report by the International Monetary Fund (IMF) reveals that pension and insurance funds may up their allocation to equities and other riskier assets in emerging and developing countries.
Detroit Pensions Sue BNY Mellon Over Lehman Losses
The General Retirement System of the City of Detroit has filed a class-action lawsuit with BNY Mellon, claiming that the firm lost more than $1 billion of its money in investments tied to Lehman Brothers.
Caxton Founders Retire, Tap CIO as Successor
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
Aon Hewitt: One in Five UK Pensions Delegate Investment Decisions
A survey of 299 pension trustees and pension managers conducted by Aon Hewitt shows that nearly one in five pension schemes currently delegate investment decisionmaking to a third-party provider.
Preqin: Liquidity Tops Concerns Among Institutional Hedge Fund Investors
A recent study by Preqin has revealed that liquidity is leading concern of institutional hedge fund investors, with all institutional investors having maintained or increased their liquidity requirements since 2008.
Following Obama's Infrastructure Push, CalPERS Echos Commitment to Asset Class
The California Public Employees’ Retirement System (CalPERS) has targeted $800 million for investment in California Infrastructure.
Little-Known Hedge Fund Manager Joins Buffett's Berkshire Hathaway
Warren Buffett has chosen a second little-known hedge-fund manager to handle a portion of Berkshire Hathaway Inc.'s colossal investment portfolio.
Hedge Funds Suffer August Declines, Surrendering 2011 Gains
According to data released today by Hedge Fund Research (HFR), performance weakness in the hedge fund industry has been concentrated in Equity Hedge and Event-Driven strategies.
Survey: Asset Managers Fret Over High-Frequency Trading
A new study of 630 institutional asset management firms shows that more than two-thirds of respondents are worried about the impact of high frequency trading (HFT) on equities markets.
Gretchen Tai Thinks There's Benefit in Being Dynamic
From aiCIO Magazine's Fall 2011 Issue: Tai, who together with her investment team oversees upward of $35 billion in defined benefit (DB) and defined contribution (DC) assets scattered around the globe, spoke with aiCIO on Hewlett-Packard's well-timed liability-driven investing (LDi) move, as well as the rigors of managing DB alongside DC.
Henrik Gade Jepsen Thinks Protection Is Paramount
From
aiCIO Magazine's Fall 2011 Issue: Jepsen, CIO of the US$137 billion
Danish pension AtP, spoke with aiCIO on the merits of safe sovereign
bonds, the benefits of a small central investment office, and his fund's
overarching focus on risk.
Mark Baumgartner Thinks It's All Changed
From aiCIO Magazine's Fall 2011 Issue: In the early-August week that saw markets swing wildly, Baumgartner— Director of Asset Allocation and risk at the $11 billion Ford Foundation—sat with aiCIO to discuss the market environment, “true” diversification, and the end-goal of Foundation investing.
Exit Atlas
From aiCIO Magazine's Fall 2011 Issue: Should asset owners be investing with managers that place so much weight on a single individual’s shoulders? Benjamin Ruffel reports.
Unmasking the Chicago School
From aiCIO Magazine's Fall 2011 Issue: If the financial crisis exposed the Chicago School’s central economic theory -- the primacy of free markets unfettered by government intervention -- to be a False God, what will take its place? Joe Flood reports.