Asset Allocation
Long-Duration Corporates Will Pay Off When Fed Eases, Janus Henderson Says
Buying the bonds now is a good arb play amid talk of lower rates in 2024, the firm believes.
News
Corporate Moves
Mercer to Acquire Vanguard OCIO Business
Vanguard Institutional Advisory Services, its employees and clients will become part of Mercer next year.
Regulation
How Pensions Work for Members of Congress, Expelled or Otherwise
Generally, members must complete at least five years of service to qualify, which George Santos did not.
Newsmakers
CAIA Association Appoints Current EVP John L. Bowman as President
The promotion is effective in early 2024, as current president William Kelly will step down but retain his status as CEO.
Asset Allocation
Why Small-Caps May Finally Bust Out of Their Torpid State
Lower rates, domestic orientations and history could produce a turnaround, Lazard says.
Newsmakers
CIO Announces 2023 Industry Innovation Award Winners
The allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing were recognized at the annual Industry Innovation Awards dinner.
Newsmakers
Chris Ailman Wins CIO’s 2023 Lifetime Achievement Award
The CalSTRS investment chief, a masterful financial strategist and well-regarded collaborator with peers, receives the honor at CIO’s Industry Innovation Awards.
Regulation
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Passive Strategies Poised to Take Mutual Fund, ETF Market Lead
Despite a ‘symbolic’ victory for passive expected in 2024, active remains dominant in the larger investing context, according to Cerulli.
Research
How Asset Managers Can Harness AI to Boost Profits, per EY
They need to adopt and monitor artificial intelligence the right way or risk being left behind, according to the firm’s study.
Newsmakers
New York Comptrollers Call Out eBay for Removing Unionization Language
The company removed from its human rights policy statement a passage pledging to respect workers’ rights to unionize after workers at a subsidiary voted to form a union.
Pensions
Oregon Investment Council Releases Q3 Returns Ahead of Board Meeting
The fund returned 5.7% in the 12-month period ending September 30, trailing its benchmark’s 10.1%.
Alternatives
Government Pension Fund Global Asks Parliament for PE Permission
Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.
Newsmakers
Acting CEO to Lead New Zealand Super
Paula Steed, general manager of strategy and shared services, will follow Matt Whineray and serve as acting chief executive of the $41.2 billion fund.
Research
When Will Interest Rates Fall and by How Much?
UBS analysts think the Fed will need 6 months or so to realize it can ease, gradually slicing the central bank’s benchmark by a modest amount, up to 0.75 points.