Dalio: What It Takes to Make It at Bridgewater
A third of new hires last less than a year at the world’s largest hedge fund.
News
Half of Largest Investors Ignoring Climate Risks
An index of the world’s 500 largest asset owners shows that many are doing little or nothing to address climate change risks.
Low-Vol Investors: Beware of Rising Rates
Low-volatility investing is “just a bet on falling interest rates,” according to Greenline Partners.
The Accountability Principle
Current performance attribution models can be improved by holding individuals accountable, explains AlphaEngine’s Arun Muralidhar.
Backing Talent, Not Track Records
Family-office cowboys have new competition in niche seed investing: A $3 billion hospital fund.
Secretive Hedge Funds More Likely to Crash
The less transparent a hedge fund’s process, the more likely it is that investors are exposed to significant downside risk, research shows.
Cambridge Associates Taps New Chairman and CEO
David Druley will succeed Sandra Urie, who will leave the firm on July 1 after a 25-year tenure.
London Pensions Pooled Money, Now Need Managers to Invest It
Almost £8 billion is now under the oversight of the collaborative venture.
Wilshire Taps New OCIO Chief
Veteran consultant Mark Brubaker will lead Wilshire’s full discretionary client accounts effective immediately.
Only Half of UNPRI Managers Follow Principles, Says Consultant
A Lane Clark & Peacock survey found that asset managers who say they’re committed to environmental, social, and governance issues don’t necessarily behave accordingly.
NY State Pension To Bolster Investment Team
The $178 billion fund is looking to fill positions in risk, fixed income, and real assets.
IBM CIO Ray Kanner to Retire
Kanner plans to step down early this summer after 23 years with the $150 billion pension fund, CIO has learned.
TIAA Targets DC in Revamp
Nuveen Investments and TIAA Investments will be unified under a defined contribution investment only business.
High 3i: Personality Metrics of Strong Asset Managers
Manager selection boils down to the people—and three key traits, writes guest columnist Christopher Schelling, private equity chief for the Texas Municipal Retirement System.
Temasek Restructures, Loses Americas Chief
The $197 billion sovereign fund has promoted its joint heads of investments to presidents, while Boon Sim will exit May 1.