Carlyle Accused of Fraud by Ex-Employee
A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments.
News
Morgan Stanley Pays $3.2B in MBS Settlement
The bank admitted to securitizing mortgage loans with full knowledge of their “material defects.”
Asian Development Fund Names Inaugural CIO
A former minister in the Indian government will lead the investment operations of the Asian Infrastructure Investment Bank.
Doing Private Equity in Public Markets
Returns before fees from PE-style stocks beat the real thing in a Harvard study—but expect a wild ride.
Why Trend-Following Isn’t Return-Chasing
The rule-based momentum strategy is a tried-and-true source of returns, argues Elm Partners.
Newsmakers
The Useless Annual Ritual Asset Managers Should Stop
Spoiler: Most of those holiday cards don’t even get opened.
Why Volatility Is Good for (Selling) Smart Beta
Factor investing will only get bigger in the next couple of years, a survey suggests.
CIOs Play Powerball
The winnings: $1.5 billion. The investment mandate: Whatever you want.
PwC: Returns Not Enough for Success In Asset Management
Long-term performance, corporate responsibility, and adaptation to technology are just as important for asset managers that want to stay competitive.
Former London Whale Boss Fined $1M
Achilles Macris allegedly failed to be “open and co-operative” with the UK’s financial watchdog.
Volatility Is at ‘Normal’ Levels, Says CalSTRS
The $186 billion public pension’s risk team has analyzed recent market turbulence and some seldom-discussed tail risks.
Investor Collaboration ‘Poses Threat to Asset Managers’
A wave of asset-owner partnerships could cause some managers to lose out, according to Cerulli.
Allianz Adds Another Bond Manager to Roster
PIMCO’s parent company has agreed to buy London-based Rogge Global Partners.
NEPC: Slowdown is ‘Greatest Challenge’ to E&Fs
Nearly a quarter of endowments and foundations see zero attractive investment opportunities as fears about the economy mount.
Red Cross Nabs Staff From Boeing, GW University
Jane Western and Carol Anne Lindsey have joined the $5 billion non-profit fund, and the recruiting continues.