NYC Pension To Liquidate Hedge Funds
The $55 billion public plan blamed high fees and underperformance for unwinding its $1.7 billion hedge fund portfolio.
News
SEC Levels Fraud Charges at Ex-ConvergEx Transitions Chief
Khaled Bassily is accused of helping conceal extra charges within transition management fees.
S&P: Asset Owners ‘Hold the Key to Long-Termism’
Institutions cannot rely on company boards to tackle other investors’ short-term focus.
How Yale Manages Climate Change
David Swensen demonstrates how managers have—and haven’t—engaged with his team’s efforts to address greenhouse gas exposure.
Newsmakers
A Robot Wants Your Job
The investor of the future may already be incubating in a computer lab. Time to adapt to survive.
Automatons for the People
The probability of robots replacing CIOs, according to European Editor Nick Reeve.
Time for a New Volatility Model, Says Hermes
There is no such thing as a “normal” distribution when it comes to market price movements, the asset manager claims.
CalPERS Hiring for In-House Private Equity Team
The $291 billion public pension fund seeks a staffer to oversee strategic private equity partnerships, co-investments, and funds-of-funds.
Ex-Harvard Endowment VP Named Lehigh University CIO
Kristin Agatone—managing director at outsourced-CIO firm Summit Rock—will lead the $1.2 billion endowment.
How Much Does Poor Compliance Cost?
As regulators crack down on enforcement, investors need robust compliance structures to avoid expensive fines, according to the Regulatory Fundamentals Group.
Bond Allocations Hit Record High Despite Low Yields
UK pensions hiked their exposure to fixed income last year in the face of low—and in some cases negative—yields.
Northern Trust Bolsters $60B OCIO Unit
Jessica Hart, a multi-manager investing expert, has been tapped to lead Northern Trust’s outsourced retirement assets.
Closet Indexers, Expect a Call from Regulators
A small sample of mutual funds reviewed by the UK watchdog found several shortcomings from asset managers.
New Fiduciary Rule to Have Minimal Institutional Impact
The US Department of Labor’s final “conflict of interest” rule will not significantly affect fiduciaries already operating under ERISA.