Why Benchmarks Lead to Bubbles
London economists argue that benchmarks encourage managers to invest in assets as prices go up, even when securities have no fundamental value.
News Archive: Mar - 2016
Consultants: A Barrier to ESG?
While managers and asset owners slowly come around to the idea of ESG investing, investment consultants are the laggards, according to the UN.
Investors Aren’t Countercyclical—But They Should Be
Return chasing is rampant among US pensions, endowments, and insurers, the International Monetary Fund has found.
Louis Bacon’s Family Foundation Allegedly Conned by PE Exec
The Moore Charitable Foundation said it fell victim to Park Hill Group ex-Managing Principal Andrew Caspersen’s $95 million fraud.
State Street to Buy GE Asset Management
The $485 million deal will increase the financial giant’s assets by $100 billion.
Mats Andersson to Receive Lifetime Achievement Award
“The need for long-term investment has never been greater than it is today,” says the AP4 chief.
Why Politics Has No Place on Pension Boards
Elected officials, politician-appointed trustees, and their low financial expertise exhibited poor returns in private equity, research has found.
Ex-CalPERS CIO to Lead Alaska Permanent
Russell Read has been named CIO, replacing Jay Willoughby.
Private Equity LPs Demand Transparency on Performance, Risks
Investors want to know more about the underlying assets in private equity portfolios, according to State Street.
Smart Beta vs. the Monkeys
A random approach to stock-picking may have been proven to outperform active managers, but can it trump smart beta too?
Parametric: Don’t Give Up On Emerging Markets Yet
Despite recent negative returns, emerging market equities are more attractive than ever, according to Parametric’s Tim Atwill.
Park Hill Ex-Partner Charged with $95M Fraud
Andrew Caspersen allegedly scammed a charitable foundation and a private equity firm with phony investments, according to US prosecutors.
Cornell Endowment CIO to Depart
The $6 billion endowment will choose AJ Edwards’ successor by April 15.
When Private Equity GPs Play Favorites
If you’re the heavyweight LP with discount fees, great. But what about everyone else?
U. California Moving Away From DB
A new retirement program designed to cut costs will offer employees a choice between hybrid and pure defined contribution plans.