CIO Henrik Gade Jepsen Exits ATP
He ends his 17-year career at Denmark’s largest pension plan as ATP welcomes Kaspar Arndt Lorenzen as the new investment chief.
News
Private Equity Distressed Specialist Fined Over Fees
Blackstreet Capital charged LPs for unsanctioned services—entertainment, donations, brokering—the SEC alleges.
DTE Energy Investment Chief Leaves for OCIO
Paul Cavazos has joined American Beacon Funds as CIO, and will focus on corporate pension plans and growing the mutual fund business.
Canadian Pension Vet Joins NZ Super
Doug Pearce finds his next project, two years after retiring as CIO of British Columbia’s public asset pool.
NISA Hires Again for DC Lifetime Income Team
Another 401(k) expert from AllianceBernstein joins the famed LDI firm.
Ex-CalPERS CEO Sentenced to Prison
Fred Buenrostro will spend four and a half years in jail on bribery charges after confessing to a pay-to-play scheme.
How Much Should Smart Beta Cost?
One provider thinks it should be free—at least if it doesn’t outperform traditional indexes.
War of Words Over CPPIB’s Active Strategy
An influential consultant leaps to the defense of the Canadian pension following public criticism.
UK Regulator Hires Former Asset Manager Industry Chief
Daniel Godfrey was forced out of the Investment Association in October.
Diversification Beats Portfolio Optimization: Study
Equally weighted stock portfolios consistently rank among the largest mean returns, best Sharpe ratios, and lowest turnover, according to Horizon Investments.
Orange County Pension: Meketa in, NEPC out
The Boston-based firm beat out five other bidders, and won Orange County’s grueling 56-page RFP for a new general consultant.
Ex-HP CIOs on the Ideal Asset Allocation Model
Move away from the policy portfolio and dive into factors, long-short positions, and alpha-beta separation, Ken Frier and Gretchen Tai argue.
Debunking International Investing ‘Truisms’
Popular advice on how to invest in international equity markets is often mistaken, says Parametric’s Paul Bouchey.
Citi Fined $425M Over Benchmark Manipulation
The US Commodity Futures Trading Commission charged the bank and its Japanese branches with rigging interest-rate benchmarks.
Shareholders Split on Climate Change Action
An activist group is stepping up pressure on the Netherlands’ biggest listed company—but the country’s top investors are wary of extreme action.