Institutional Investors ‘Confident’ in Return Expectations
Asset owners surveyed by Fidelity reported strong chances of excess return despite market uncertainty.
News Archive: Nov - 2016
The Great Asset Management Consolidation of 2016
With more than $9 billion in asset manager M&As already underway in 2016, consolidation has become—pun intended—quite a big deal.
PBGC Premiums Push Pensions Toward PRT, Lump Sums
Plan sponsors have “scrambled” to reduce their liabilities as a result of the rising premiums, according to NEPC.
Louisiana Municipal Pension Hires Inaugural CIO
Christopher Saik will lead the $800 million fund after a year-long search.
How Liquidations Hurt Hedge Fund Returns
Hedge funds that fail to hedge against investor withdrawals generate the worst performance, a study finds.
Why DC Can’t (or Won’t) Innovate
Are plan sponsors trying to solve the wrong problem?
Funds-of-Hedge Funds Liquidations Trump Launches, Preqin Says
Fund closings have been double fund launches for the past two years.
Winter Is Coming
Defined benefit pensions are in decline, nowhere more so than in the UK. Fortunately, there are plenty of ways to secure them.
Texas A&M Foundation Loses Investment VP
Janet Handley will be retiring after more than 15 years at the College Station, Texas-based fund.
A Derivative Dilemma
Post-crisis rulebook updates are raising hedging costs on both sides of the Atlantic.
Newsmakers
Coffee Chaos, Data Diligence
When you’re in the de-risking game, creating order out of chaos is what you do.
GIC Promotes Lim Chow Kiat to CEO, Adds New CIO
The Singapore sovereign fund has reshuffled its leadership once again just months after making a number of changes in June.
UK’s FCA Blasts Investment Consultants
Consultants put too little weight on manager fees and fail to identify managers that offer better returns, the Financial Conduct Authority said.
Newsmakers
DIY-ing LDI: Building an In-House Matching Portfolio
The Pension Protection Fund hired Trevor Welsh just over a year ago to insource its LDI capabilities. CIO finds out how he’s progressing.
Hilton Foundation Deputies Named Co-CIOs
Yatin Patel and Michael Buchman have been leading the foundation since Randy Kim’s abrupt exit in May.