NYC Pensions Boost Ethics Reform with New Hires
The $163 billion system has appointed chief risk and compliance officers and an internal auditor.
News Archive: Feb - 2015
PIMCO’s Chief Economist Resigns—Again
Paul McCulley is leaving PIMCO for the third time, five months after Bill Gross’ own exit.
Time Heals Performance Wounds (and Makes Investors Pay)
Improving fund performance might be an illusion, academics have found—and one that is being exploited by managers.
Rolling that Rock Back Up the Hill
Nick Bonn has spent the past three years attempting to restore State Street's image in the transition management space. Has he been successful?
Letters to the Editor: February Issue
Abuse for Assistant European Editor Nick Reeve and props on CIO’s coverage of diversity—or lack thereof—in asset management.
NZ Super to Sue over Portuguese Banking Loans
The $20 billion pension is taking action after the collapse of Banco Espirito Santo last year.
The Search for the New Forty
From “aged, serious, and grey” to young, hungry, and humble: CIO seeks a fresh roster of Forty Under Forty.
The Hotbed of Risk Parity Innovation Is in… Wisconsin?
The philosophy of a whole-fund risk parity has taken root at two of the state's leading institutions—along with something extra.
Newsmakers
The Riddle of Tampa Bay
Harold and Jay Bowen—who alone have managed billions for Tampa's police and firefighters for forty years—may be two of the greatest stock pickers of all time. So why don't they act like it?
There’s Innovation—And Then There’s Whatever This Is…
Kip McDaniel on looking inside one of the most unconventional pension investment structures and why it matters.
What Greek Crisis? Fund Managers Load up on European Equities
Predictions of a recovery within the European currency union have made the region a new favorite.
GASB: Get Ready for the Volatility Rollercoaster
New accounting standards have come in at a fortunate time for asset/liability ratios, but the positive data is unlikely to last, Fitch Ratings has warned.
Asset Managers Cut Back to Maintain Revenue Growth
Downward pressure on fees is leading to cost cutting at asset managers, a survey has found.
Cliff Asness: The Case for Leverage
AQR’s outspoken founder has argued in favour of (well-managed) leverage despite the strategy falling out of favour post-crisis.
Mercer Revamps Hedge Fund Leadership
The global firm has created a CIO and deputy CIO role for the division, and promoted internal candidates into both.