Preqin Says PE Funds Face Challenging Environment
"Investors are being very wary about where they are putting their money and want to see a track record," Preqin says.
News
REITs Overhaul Attracts UK Insurers and Pensions
The British Property Federation has said that changes to the UK’s Real Estate Investment Trust (REIT) regime will remove major barriers to large scale investment in residential real estate by institutions such as pension funds.
Moody's Report: With Growing Pension Popularity, Hedge Funds Must Alter Strategies
A report by Moody's Investor Service shows that as pension funds increase their allocation to alternatives, hedge fund managers will have to lower fees, change their business strategies and reduce their risk tolerance.
Seeking to Buy Troubled Mortgages, PIMCO Raises $1.5 Billion
The manager of the world's largest mutual fund has raised more than $1.5 billion for a private pool to buy debt such as troubled commercial and residential mortgages from banks looking to improve their balance sheets.
Scott Kalb Thinks There's Folly in Benchmark Hugging
From aiCIO Magazine: New York City native Scott Kalb is the Chief Investment Officer of the Korea Investment Corporation (KIC), South Korea's government-owned investment management company.
KPMG Survey Shows CPI Measure Cuts Private Pension Liabilities by Billions
A new survey by KPMG, a global public accounting firm, finds that using the consumer price index (CPI) as the measure of pension inflation will reduce the calculated value of private sector liabilities by nearly $98 billion (£60 billion) by the end of the year.
Scott Sleyster Thinks Holistically
From aiCIO Magazine: Sleyster—chief investment officer for Prudential's American operations—speaks on the unique nature of investing in the insurance general account sphere.
Japanese Minister: Don't Rely on Pensions in Wake of Disaster
Japan's Economy Minister Kaoru Yosano said that the country should not resort to pensions to fund disaster relief efforts.
Is Bloomberg Right?
From aiCIO Magazine: An examination of New York City’s pension system – and how Mayor Michael Bloomberg’s recent criticism of various aspects of the plan may be warranted.
To Boutique, or Not to Boutique?
From aiCIO Magazine: With endowment investment outsourcing, that is the question.
The Power Broker
From aiCIO Magazine: Yeah, it was published 37 years ago, but we thought we'd take this chance to review Robert Caro's classic tome on the acquisition, maintenance, and corrupting ability of power anyway.
LDI 2.0
From aiCIO Magazine: Is there a better way to implement liability-driven investing?
With the Middle East in Turmoil, Are Emerging Markets the Next Bubble?
From aiCIO Magazine: Despite—or, maybe, because of— continued
praise and euphoria for emerging markets, some investors think the
sector may be at risk of a bubble, concerned whether these relatively
small markets can handle all the money flowing into them.
Investment Risk and Its Many Facets
From aiCIO Magazine: Risk management as transportation metaphor:
walk (minimal risk), take a car (moderate risk), or fly a plane
(riskier)? And remember: wear a seatbelt.
Transition Management's Allocation Trends
From aiCIO Magazine: For years, there's been a shift toward alternative assets, but much of the recent action in transition management is toward decreasing plans' reliance on U.S. equities—in particular, de-risking pension plans through liability-driven investing (LDI) strategies