QE vs. Factor Investing
Quantitative easing and monetary policy are likely the only real factors driving your portfolio, GAM managers argue.
News Archive: Oct - 2016
UTIMCO Names Interim Investment Head
The University of Texas endowment will be led by natural resources and EM director Mark Warner while it searches for Bruce Zimmerman’s successor.
Another Senior Executive Leaves CPPIB
Credit investments chief Adam Vigna is departing to lead equity manager Sagard Capital.
Connecticut Names Deputy for $30B Pension
Laurie Martin will support CIO Deborah Spalding in managing the public fund.
Active Manager M&A to Increase, Say Ratings Agencies
The continued swing towards passive investment strategies will see more deals emerge along the lines of Janus-Henderson, Moody’s and Fitch say.
Newsmakers
A Fledgling Investment Relationship
A ground-breaking collaboration needs bold leadership, and that’s just what the Local Pensions Partnership has in the shape of Sally Bridgeland.
UK’s Local Pensions Partnership Names Chief Risk Officer
Tom Richardson has been appointed head of risk management at the £10 billion pension pool.
UC Regents Loses Private Equity Chief to Foundation
Tim Recker will join the James Irvine Foundation next month.
Newsmakers
The Hartford Investment Club
CIO roadtrips to Connecticut for cocktails, blues music, and lessons from Hartford Healthcare’s David Holmgren on the value of community.
U. of Texas Endowment Chief Zimmerman Exits
The CEO and CIO is leaving the $37 billion public endowment after nine years.
UTC Pension Shaves Off $1.8B in Liabilities
United Technologies will transfer $775 million of benefit obligations to Prudential and offer some employees a lump sum payment.
ICI Splits $1.2B Buy-In with Two Insurers
The UK chemical firm has now completed 11 transactions in three years using its innovative “umbrella” contracts.
IMF: Low Rates Threaten Solvency of Pensions, Insurers
The longer interest rates stay low, the more difficult it will be for pension funds and life insurance companies to meet liabilities.
UK Watchdog Lays Down Transaction Cost Rules
Asset managers must calculate and communicate transaction costs to pension investors, says the UK’s Financial Conduct Authority.
A Corporate Pension’s Guide to Credit Spreads
How liability-driven investors can manage credit spread risk, according to Cambridge Associates.