CalPERS Throws Weight Behind Mega-Managers, Successful Startups
The $303 billion pension wants big relationships with the biggest firms—and has a plan to help its emerging managers compete.
News
OMERS, AIMCo Buy Consultant in Club Deal
The Canadian pension and sovereign wealth giants have agreed to pay $1.7 billion for Environmental Resources Management.
Risk Parity’s Hunger Games
There is an oligopoly in risk parity. Can newer shops lure capital away from the powerful elite?
Newsmakers
Hauling Finance Out of the ’50s
An almost president and a government-backed fixer on bringing finance into the 21st century.
Pension De-Risking Lands in the Middle East
A Kuwait-based company has insured its UK pension benefits.
Dividend Disaster Avoidance
Research Affiliates claims to have found three key indicators of investable, dividend-paying companies.
Correction-Clarification: The Riddle of Tampa Bay
Bespoke Deals on the Rise in Real Estate
More than a quarter of direct property transactions this year have been through separate accounts rather than pooled funds.
Zurich Replaces CIO to Run $200B
Cecilia Reyes is to move to a different role within the organisation.
Prof Andrew Ang to Lead BlackRock’s Factor-Based Strategies
The financial economist will leave Columbia Business School to manage $125 billion for the world’s largest fund manager.
Irish Bank Seals £680M Buy-In with Prudential
The transaction is one of the biggest traditional risk transfer deals in 2015.
The Arranged Marriage
OCIO acquisitions leave institutions with under managers they never hired. How—and how not—to pull it off.
Pension Giant Buys GE Unit
The Canada Pension Plan Investment Board has agreed to purchase GE Capital’s private-equity lender Antares Capital.
PGGM Wins $100M in HP-Autonomy Settlement
The Dutch pension giant alleged that current and former staff gave “false and misleading statements” relating to the disastrous 2011 acquisition.
Active Share, Deconstructed
Hermes Investment Management has provided more research casting doubt on the importance of active share as a performance measure.