In Private Markets, First-Timers Outperform Established Managers
Newly launched funds earned higher net returns than existing managers over every vintage year but one from 2000 to 2012, Preqin has found.
News
The Power 100 Through the Ages
CalSTRS’ Chris Ailman pictures the Power 100 over the last four decades.
EY Pension Appoints New Investment Chief
Walter Kress, who formerly managed JP Morgan’s retirement funds, is in his first month in the new position.
Sacramento County Pension Names CIO
Deputy CIO Steve Davis has been appointed to lead the $8 billion fund nearly two years after Scott Chan’s exit.
Denmark’s ATP Names CEO
The Danish fund has poached the head of one of the Nordic region’s biggest asset managers.
Why Pension Funds Shouldn’t Buy Infrastructure
“Illusory” risk-return profiles and a lack of quality supply seriously detracts from the attractiveness of the asset class, argues Deutsche Bank.
Don’t Count on Hitting Your Return Target: Research Affiliates
Forecasts for several mainstream portfolios reveal dismal odds of earning a 5% real return over the next 10 years.
Newsmakers
Straight Talk
Is it time we were honest about the unfolding pensions crisis? The Dutch certainly think so.
Insurers: Asset Management’s Saviors?
Ultra-low interest rates are placing more emphasis on asset classes that insurance companies cannot manage in-house, surveys show.
U. Chicago CIO Mark Schmid to Receive Lifetime Achievement Award
The university endowment chief will take home the annual award on December 12 in New York City.
The Search for Edge in Emerging Markets
In an asset class where information is king, investors are turning to alternative data in the pursuit of alpha.
Private Equity Breaks More Records
Highest-ever aggregate payout to investors is accompanied by a new high in unused capital.
Salient CIO to Depart Amid Restructure
Lee Partridge will act as an advisor to the asset manager “through early 2017.”
Mercer Investments Loses President, Begins Revamp
The consultant will merge its investment and retirement practices and centralize its investment management capabilities.
Ontario Teachers’ Names Public Equities Chief
Nicole Musicco will succeed Wayne Kozun at the start of 2017.