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.
News
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.
Johns Hopkins CIO to Step Down
Kathryn Crecelius will leave the $3.4 billion endowment after nearly 11 years at the helm, CIO has learned.
After Member Revolt, Investor Trade Body Seeks to Rebuild
A former leader of the financial advice industry will become CEO of the Investment Association, and the figurehead of asset managers, later this year.
Fraud Charges, Arrest for Ex-State Street Transition Managers
Ross McLellan and Edward Pennings are guilty of “brazen fraud” and “backroom plotting” in overcharging transition management clients, US prosecutors claim.
PIMCO: Bill Gross ‘Freely and Knowingly’ Forfeited Compensation
In a formal response to Gross’ $200 million lawsuit, PIMCO accuses the former CIO of a “disruptive and unacceptable course of conduct.”
L&G Hires for Cross-Border De-risking
Matt Wilmington has joined to lead major projects with international clients.
Can SWFs Improve Hedge Fund Transparency?
The International Forum of Sovereign Wealth Funds will collaborate with the Hedge Fund Standards Board to improve governance, transparency, and interest alignment.
Legal & General Seals Second US Pension Buyout
The insurer expands its American pension-risk transfer business with a $65 million deal with the Diocese of Palm Beach.