A legal firm hired to scrutinize the CalPERS’ staffing and conflict-of-interest issues has recommended barring employees from leaving for asset management firms with ties to the pension giant.
While lawsuits over allegedly imprudent cash-collateral reinvestment programs continue to work their way through the courts, a Senate subcommittee has reportedly started an investigation into securities lending providers.
From aiCIO Magazine: Editor-at-Large Joe Flood executes the ultimate tie-in-reviewing a book on the roots of innovation (whose author shares an editor with Flood) two weeks after our Industry Innovation Awards. Kudos, Flood.
Cover Story from aiCIO Magazine: Warren Buffett chooses an heir. Kip McDaniel & Paula Vasan report.
Strategy + Tactics from aiCIO Magazine: "We call it a capital preservation philosophy," notes Theodore Economou, the pension head at the European Organization for Nuclear Research (CERN), echoing Benjamin Graham's mantra that to win, the first thing you have to do is not lose. "Losing money is not okay."
From aiCIO Magazine: This is the new era of fund administration—the ‘Yes We Do’ era, not just for administrators, but for managers, as well as end investors. Bonnie Scott reports.
From aiCIO Magazine: It is a curious twist of historical fate: Two bodies established to enshrine the past of an impoverished nation are the forerunners of a very wealthy future. Nick Lord reports.
The Consultant Corner from aiCIO Magazine: As the consultant industry—an expensive, time-consuming, litigious space—continues to shift, one can't help wonder if other firms will follow Mercer's lead in a clustering effect, spurred by fear of being the last out. aiCIO Senior Editor Paula Vasan reports.
From aiCIO Magazine: CalSTRS is quietly undermining public funds’ staid image with a unit focused exclusively on testing new investment strategies. aiCIO Editor-in-Chief Kip McDaniel reports.
From aiCIO Magazine: With 52% of world reserve supply, the Canadian government, along with the Potash Corporation of Saskatchewan and two minor producers, collude to keep potash prices artificially high. Editor-in-Chief Kip McDaniel reports.
From aiCIO Magazine: Is the failure to rebalance an institutional portfolio “the height of irresponsibility,” or, as some think, not a failure at all? Joe Flood reports.
Mohamed El-Erian at Pacific Investment Management Co, which runs the world's biggest bond fund, has revised his outlook for US growth in 2011 following President Barack Obama's tax-cut compromise deal.
Investment managers are seeing an increase in the number of requests for proposals (RFPs) from insurance companies seeking third party services as the manager selection process evolves to meet increasingly complex investment needs.
Despite a relatively quiet year in 2010, the private-equity arm of the Caisse de depot et placement du Quebec plans to add to its private equity team to invest in Quebec companies.
Mercer's 2010 Asset Manager Fee Survey has shown that fees for hedge funds, private equity, infrastructure and real estate are all down from 2008.