The Paradox of Hedge Fund Activism
Activist investors can focus too hard on short-term performance, to the detriment of long-term value.
News
BlueCrest to Return $8B, Become Family Office
The hedge fund blamed changing fee levels and the challenge of meeting investor needs.
Public Pensions Pool £6.5B in Passive, Smart Beta Mandates
The latest UK public pension collaboration claims to be saving more than 50% in management fees.
Gates, Dalio, Zuckerberg, U. California Team Up on Clean Energy
In Paris today, Bill Gates is expected to announce a 28-member investment coalition.
University of California Appoints Former Tata Group Chairman
“Business legend” Ratan Tata will act as an advisor to the university’s $91 billion in assets.
Active ETFs See Record Inflows
The ballooning asset class attracted $8.9 billion in the first ten months of 2015.
UK Sets Out Public Pension Backstop Rules
Politicians could step in to take over investment decisions in “particularly concerning cases” of non-compliance under new local government pension rules.
Labor Dep. Delivers ‘Boost for US Responsible Investing’
Take up of ESG lenses could increase after the US clarified that these strategies do not violate fiduciary responsibilities.
Indexing's Brave New World
With an abundance of new passive products, it’s time to redefine index investing, argues MIT’s Andrew Lo.
CalPERS: $3.4B Fees, $24B Gains from Private Equity
The $300 billion public pension plan has released private equity performance fees for the period since 1990.
Moody’s: PBGC Likely to Go Broke by 2025
The ever-increasing premiums intended to close a growing deficit could ultimately push the insurer over the edge.
Scottish Widows Enters De-Risking Market
The Lloyds Bank subsidiary makes its bulk annuity debut with a £400 million buy-in.
European PE Managers’ Bid to Raise Disclosure Standards
Trade body Invest Europe has brought out fresh guidelines for its members to improve transparency in the private-equity sector.
Australian Corporate CIO Exits for Asset Manager
Jim Christensen is returning to QIC after five years at the helm of Australia’s largest corporate pension.
How Short-Termism Hurts Governance
Institutional investors believe corporate governance is a critical driver of performance, but struggle to focus on the long term, Aberdeen Asset Management has argued.