CS: More Investor Interest in Hedge Fund Quant Strategies
In addition, Credit Suisse survey shows more than 70% of institutional investor portfolios incorporate hurdle rates and founder’s share class structures.
News
Review Calls for Pensions for Self-Employed Britons
The proportion of self-employed workers in the UK continues to grow.
North Carolina CIO Resigns Unexpectedly
The 10th-largest US public pension fund reported solid Q2 results just last week.
Corporate Moves
Julian Mund Named New PLSA CEO
Acting chief executive replaces Joanne Segars, who resigned in April.
AFP: Prime Money Funds Hurt by SEC’s Money-Market Fund Reform
Firms’ short-term cash holdings have moved away from money-market prime funds towards government funds.
Northern Trust: Money Managers Wary of Geopolitical Risk, US Slowdown
Many see US equity valuations as stretched, and emerging markets offering the most opportunities in the next few years.
British Columbia Investment Management Reports 12.4% Annual Return
Fund’s new investment model emphasizes active management over indexing.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
IMF Downgrades US, UK Growth, Upgrades Eurozone
Says US fiscal policy will be less expansionary than previously assumed.
Secondaries Fundraising Slumps in Q2, but 2017 Still on Track for Record
Only $4 billion raised in Q2, with record $19 billion raised in Q1 likely eating into demand.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Goldman Sachs Asset Management: Continued Emerging Market Outperformance, Rising Inflation in Second Half
The firm sees widening economic expansion, higher volatility in 2H2017 in its Q3 investment outlook.
Newsmakers
Fewer than Two Weeks Remain for Innovation Awards Nominations
Award nominations close August 4.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Newsmakers
Scaramucci Becomes White House Communications Director
Press secretary Sean Spicer resigns in aftermath.