Asset Allocation
More Active Managers May Make a Comeback This Year: Mercer
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
News
Research
Oxfam Highlights ‘Shocking’ Wealth, Gender Disparity Stats
Report finds that 22 men have more money than all the women in Africa.
Newsmakers
Elizabeth Jourdan NextGen of the Year
Chief investment officers vote for Jourdan, who is now leading the team at Mercy, after she competes on a rapid-fire Q-and-A panel at CIO's Influential Investors Forum.
Pensions
New Jersey State Pension Returns 16.35% in 2019
US equities lead strong annual showing as real estate outperforms.
Market Moves
Chinese Virus Could Be a ‘Black Swan Like No Other’: Moody’s
The coronavirus may be the disastrous surprise that overwhelms public health officials and slams the markets, the firm's Lonski admonishes.
Asset Allocation
NY Teachers Hires a Bunch of New Private Equity Managers in $1B Endeavor
Private equity made up 5.6% of the pension fund’s portfolio as of October, short of 6% goal.
Asset Allocation
National Australia Bank Trustees Sued for Mismanaging Pension Assets
Class action suit on behalf of 330,000 members alleges breach of duties.
Risk
Davos Report Says Climate Change Striking Harder than Expected
‘2008-style systemic collapse’ expected if human-caused CO2 isn’t halved in decade.
Manager Selection
Charles Emond Named CEO of Quebec Pension Fund CDPQ
Head of private placements replaces Michael Sabia, who leaves after nearly 11 years.
Risk
University Endowments Gain 5.3% in 2019
However, the average 10-year return beat long-term objectives for the first time in a decade.
Market Moves
Small-Cap Stocks to Stay in the Wake of the Big Boys, LPL Says
While small names have done OK, they suffer from factors like a possibly weakening dollar, the firm’s John Lynch argues.
Regulation
Two Sent to Prison for $2.8 Million Investment Fraud Targeting Elderly Victims
Robert Stencil, Michael Duke allegedly enticed investors with a pre-public offering for a company that did not exist.
Asset Management Culture
Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
Police and Fire retirement system seeks to stop 75% pay increase to former deputy CIO.
Risk
Virus Outbreaks Harm Stocks, Just Not on Tuesday
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
Pensions
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.