Northern Trust Nabs Funds-of-Funds Firm, Another OCIO Client
Aurora Investment Management and Herzing University’s endowment have joined the fold.
News
How To Fix the Endowment Model
A 100% liquid portfolio could outperform the Yale model over the next 10 years, predict Hewlett-Packard’s Gretchen Tai and Atlas Capital Management’s Ken Frier.
What ‘Brexit’ Means for Real Assets
An extended period of disruption could hamper those seeking to invest in one of the world’s largest property and infrastructure markets.
$20 Billion Club: Funding Up Despite Poor Returns
Deficits fell for the 20 largest corporate pensions in the US in 2015 despite a year of “anemic” returns.
Arizona Pension Names CIO
Private markets head Karl Polen has been promoted to lead the $32 billion retirement system.
Mats Andersson to Exit Sweden’s AP4
The influential CEO is the latest to announce his departure from the Swedish public pension fund.
SEC Examining Carlyle, Apollo Fee Practices
The US regulator made “informal requests” for more information regarding the two private equity firms’ fees and expenses.
Newsmakers
Control Freaks
The biggest fund managers in the world are doubling down on multi-asset. Are asset owners willing to cede control?
DDIY: Don’t Do It Yourself
Taking control is a lot more nuanced than deciding to in-source vs. outsource, says CIO’s European Editor Nick Reeve.
How Sharpe Ratios Can Fail
Risk measures used for Sharpe ratios are not consistent with investors’ long-term time horizon, Aon Hewitt says.
Kentucky Pension Fights to Retain Control of Governance
Proposed legislation would give state government the final say on trustee selection, staffing, promotions, and provider contracts.
Risk Parity, Smart Beta, OCIO: The Survival of Buzzwords
Once dismissed as fads, these strategies’ staying power took investors by surprise—but shakeouts loom.
TIAA’s OCIO Wins Another Mandate
Covariance Capital Management will manage a portion of the University of Connecticut Foundation’s $363 million endowment.
The Death of LDI?
In some locales, the theory of liability-matching is coming up against the reality of markets.
Investors Still Betting on Hedge Funds in 2016
Even after a year of middling returns, nearly half of surveyed asset owners plan to grow their allocations, Deutsche Bank has found.