Bain: Private Equity Set to Rebound, With Caveats
Management consulting firm Bain & Company, surveying the private equity landscape, sees a lot of dry powder – and warns that the urge to put it to use may cause firms to overextend.
News
Reports Highlight Public Pension Problem: High Assumed Rates
Two reports prepared for the Florida pension system – commonly thought to be relatively well funded – detail the effects of a 7.75% assumed rate of return.
Ain't Nothing Like the Real Thing, Baby
Angelo Calvello explores a better way to think about investing.
Beyond Borders
From aiCIO Magazine: Our inaugural Survey of Asset & Geographical Allocations (SAGA) reveals that investors are good, but far from perfect, at avoiding home-country biases in their portfolios.
Step Into Liquid
From aiCIO Magazine: The solution to the FX issue historically has
been the standard three-month forward contract. Some funds execute this
strategy internally; others outsource it.
'Fair' Fees?
From aiCIO Magazine: A report out of London, released in February by London-based consultant Lane Clark & Peacock (LCP), is claiming that active fund managers are receiving more credit than deserved as markets rebound.
Norway's SWF Seeks Real Estate, Flees Bonds
To guard itself from rising inflation, the Government Pension Fund Global is slashing its bond exposure in favor of real estate and infrastructure.
Seeking to Transfer Risk, Pension Buyouts Flourish Among UK Schemes
UK pensions are increasingly transferring risk to insurance companies, driven by M&A activity, a growing number of closures and part-closures of defined benefit pension schemes, and concerns over longevity risk.
Aviva Pension Seeks Real Estate in Move Toward Liability-Matching Assets
In an effort to gain exposure to long-term, liability matching assets, the $13.6 billion Aviva Staff Pension Scheme is looking to boost its allocation to real estate-related assets, reflecting the growth of the sector since the real estate market collapsed during the crisis.
aiCIO's Joe Flood on Radio: Mayor Bloomberg's Battle Over NYC Pensions
Joe Flood, editor-at-large of aiCIO Magazine, appeared on The Brian Lehrer Show today to speak about aiCIO Magazine's exclusive cover story on New York City Mayor Michael Bloomberg's attempts to overhaul the city's underfunded pension system.
Study: Bridgewater No. 1 Hedge Fund Among US Public Pensions
A new study by Preqin shows that Ray Dalio’s Bridgewater Associates has captured the largest hedge fund commitments from public pension funds.
PIMCO's El-Erian: Japan Will Recover
"The good health of Japan is central to a robust global economy that generates lots of jobs and enhances productivity," writes PIMCO's El-Erian
Exec Comment Costs Blackstone $150 Million Alternative Investment Contract
Private equity group Blackstone has lost out on a $150 million alternative investment contract after executive Byron Wien commented last year that government retirement benefits are "too generous."
What Your Consultant Is Saying About…Japan
As investors grapple with the impact of Japan's quake, consultants assess the resulting pitfalls and areas of opportunity.
For Securities Lending and Custody, Is Decoupling Gaining Momentum?
With a Deutsche Bank mandate to execute unbundled securities lending for the Employees Retirement System of Texas, further proof that the age of unbundling may be emerging.