Asset Managers and the Prisoner’s Dilemma
Peer comparisons and misaligned incentives cause asset managers to follow the herd even to the detriment of asset owners, according to the Bank of England’s Thomas Belsham.
News
Voya Appoints Asset Management CEO
Jeffrey Becker is stepping down after seven years, with Christine Hurtsellers succeeding him.
Tire Maker Strikes £600M Double Longevity Swap
The deals could open up the smaller end of the market to longevity reinsurance, argues Mercer.
The Value Investing Disconnect
Recent performance has investors wrongly biased against value investing, argues Research Affiliates.
Hedge Funds’ Information Advantage: Reading the News?
Hedge fund managers’ news consumption can translate to trading volumes and return dynamics, according to a Harvard University study.
Cbus to Significantly Expand Internal Team
The A$34 billion superannuation fund is planning to increase its investment staff by 74%.
ATP Loses Chief Executive
Carsten Stendevad has resigned from the Danish pension just two months after the departure of CIO Henrik Gade Jepsen.
What Your Private Equity Picks Say About You
Success in unlisted markets is a key indicator of a CIO’s skill, researchers claim.
A $13T Ultimatum on Climate Change
More than a hundred asset owners and managers called on G20 nations to fulfill the promises of the Paris Climate Agreement.
Goldman Sachs Shuts Australian TM Office
Transitions for Australian clients will now be run from London.
Apollo Fined $53 Million Over Fees
The US Securities and Exchange Commission said the private equity firm failed to properly disclose conflicts of interest to investors.
Brexit Boosts £230M Buy-In
The transaction is the latest to take advantage of attractive post-Brexit pricing.
Why Endowments Outperform in Private Equity
“Stringent” governance is necessary to succeed in the opaque asset class, researchers argue.
Specialization Means Outperformance, Report Claims
Large, diversified asset managers often underperform their smaller, more focused rivals, research shows.
Largest Investors ‘Dominate’ Infrastructure Market
The so-called “$1 billion club” exerts disproportionate influence and capital, according to Preqin.