Newsmakers
George Washington U. Hires OCIO for $1.6B Endowment
Strategic Investment Group has won the outsourcing mandate after a nine-month search.
News Archive: Dec - 2014
As Hedge Funds Shutter, Industry Pay Falls Again
CIOs of $1 billion-plus hedge funds took home $233,000 less on average than last year.
Professionalizing the World’s Largest Pension
Japan’s giant pension fund is poised to improve its investment prospects with imminent reforms, an independent report says.
What Does It Take for Smart Beta to Be Successful?
There is much room for improvement in smart beta strategies, according to Research Affiliates.
Dutch Pension Giant ABP Names Chairman
The Netherlands’ biggest pension fund has a new chairman.
A CIO Christmas Carol
CIO Scrooge and his team are still working on Christmas Eve to eke out the last few basis points of the year.
Dutch Pension Funds in 2014: A Lament
The Dutch pension system is viewed as one of the best in the world. But according to Rabobank Pension Fund’s CIO Bernard Walschots, 2014 was not its finest hour—and 2015 looks little better.
Newsmakers
The Year That Wasn’t
What have European investors learned from in 2014 to arm them for the year ahead?
NY Governor Vetoes Bill to Raise Caps on Alts
The vetoed bill would allow NYC pension to up allocations to alternatives and international bonds to 30%.
Manager Selection
Amid Internal Clashes, San Diego Hunts for CIO
The public pension’s OCIO experiment with Salient Partners is reaching a tumultuous end.
Norway Adopts Fresh Responsible Investment Framework
The Ministry of Finance has passed oversight for the SWF’s responsible investing to Norges Bank and a five-strong ethics council.
AQR: Multiple Risk Factors Are Better than One
Investors could reap diversification benefits and higher returns from various asset classes by combining different factors, the firm has said.
Moore’s Law and Managing Money
A backward-looking, statistical view of risk where volatility dominates does not serve us well, writes former Schroders CIO Alan Brown.
How Not to Fall Prey to the Flash Boys
Not only are high-frequency traders not trading as fast as expected, they only impact a fraction of the market, according to Abel/Noser.
Newsmakers
The Best Thing for Active Managers? Passive Investors.
As institutions slash active mandates, managers on both sides of the active versus passive argument rejoice.