Managers Brace for ‘Summer of Shocks’
Concerns about China, Brexit, and changes to monetary policy are driving asset managers more cautious.
News
San Diego Pension Rebuilds Post-OCIO
A new CIO, CEO, and now deputy CIO have taken over after a fraught outsourcing attempt.
Bank of America Accused of Misleading PIMCO, Blackstone
A gender discrimination suit by a female managing director alleges that the bank engaged in unethical and illegal behavior.
Impact Investing is ‘Thriving’: Survey
Investors are putting more money towards social and environmental causes, and reporting encouraging results.
USS Head of Credit to Exit
Leandros Kalisperas is leaving the UK pension to pursue a career in politics.
The Yale (and Harvard, Stanford, MIT…) Model
Elite endowments don’t have a “secret recipe” for high returns, but rely on riskier assets for outperformance, according to a paper.
Cliff Asness’ Hedge Funds 101
The AQR chief schools readers on strategy, correlations, beta, and alpha.
How Twitter Can Help Investors
Research shows that the social media platform provides predictive information regarding future company fundamentals.
The Pension Pros (and Cons) of Brexit
As the June 23 referendum on EU membership looms, pension funds stare down the short- and long-term concerns with a breakup.
Pension-Risk Transfer Inevitable, Says Russell
Frozen plans will offload their remaining liabilities eventually—it’s just a question of finding the right time, according to Bob Collie.
Hilton Deputies to Split CIO Duties, No Search Planned
Randy Kim’s abrupt exit Friday leaves the top job vacant—and so it will remain, CIO has learned.
CalPERS Cuts Loose Another Quarter of Its Roster
The $302 billion pension fund said it would look at ‘alternative’ ways to invest in private asset classes, which now account for nearly 90% of its fee spend.
SEC Joins FBI in Transition Management Charges
The US regulator follows Massachusetts’ state attorney and the FBI in charging ex-State Street exec Ross McLellan with fraud.
Hilton Foundation CIO Randy Kim Exits
Kim—who spent a decade under David Swensen at Yale’s endowment—split with Hilton Friday, CIO has learned.
Harvard Endowment Downsizes In-House Equities Team
The $37.6 billion fund has cut a number of positions from the public equity group in favor of hiring external managers.