The Masters of Factor Timing
Look to newer, smaller hedge funds with high incentive fees for the most timing ability, researchers have claimed.
News
Public Funds ‘on the Hook for Excessive PE Fees’
Public pensions must shoulder some of the blame when it comes to paying high fees for private equity, a law professor argues.
The Magic Number in Private Investments
An allocation of 15% or more to private assets can be the difference between outperformance and negative returns, argues Cambridge Associates.
Newsmakers
Seventh Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers will stay open until August 26.
How Political Ideology Affects Hedge Fund Performance
An “abnormal” political event can lead to a large disparity in investment performance between Republicans and Democrats, research shows.
Latest DC Lawsuit Target: New York Life
A class action lawsuit accuses the insurance company of using a fund with “excessive” fees.
Asset Managers Turn Bearish, Hoard Cash
A global survey of managers finds high levels of cash and a dramatic change in sentiment towards Europe.
Factor Investing: Allocation vs. Integration
Integrating, not just mixing, factors is the key to successful portfolio construction, research shows.
Prudential Names New Retirement CIO
Portfolio Strategy Head Sara Bonesteel will take over the firm’s $371 billion retirement business.
Brexit’s First Winners: De-riskers
A £750 million transaction involving the ICI pension indicates that market turmoil post-referendum has opened up attractive pricing for buy-ins and buyouts.
Man Group CEO Roman to Lead PIMCO
Manny Roman will succeed Douglas Hodge in November.
US Public Pensions Make Riskiest Investments, Perform Worst
Regulatory incentives encourage American public plans to take excessive risk in order to report better funding ratios, researchers argue.
Infographic: Reshaping the UK’s Public Pensions Landscape
Visualizing how eight pools of capital have emerged from 89 local pension funds.
Pfizer’s Pension Director Exits for Sloan Foundation
Monica Lai has been named senior investment director for the $1.8 billion fund.
Willis Towers Watson Names Global OCIO Chief
Kemp Ross joins after an eight-year spell at Aon Hewitt.