See photos of aiCIO's successful October Chief
Investment Officer Summit in London. Designed specifically for the key
decisionmakers at the world's largest asset owners, the event featured
an array of panelists -- including Jay Vivian, former managing director
of IBM Retirement Funds, and Mark Gibbens, Chief Investment Officer of
Alcatel-Lucent -- as well as keynote speaker Nassim Taleb.
The $132 billion pension fund’s governing board will discuss implementing a radical new asset allocation that will divvy up the scheme's assets based on their characteristics - like sensitivity to inflation, stable return, or growth - rather than equity or debt.
Paternoster, set up in 2006 to buy up defined benefit pension schemes from companies seeking to offload their risk, is expected to complete a takeover deal within the next couple of months.
A recent study by Greenwich Associates shows that almost half of managers said one or more of their hedge funds was below the asset peak it must return to before performance fees can be charged, as of the first quarter.
As volatility in institutional plan performance has nearly doubled over the past two years, US pension plans, endowments and foundations in the Northern Trust universe have rebounded from the median 4.7% loss three months earlier.
