The Backtesting Crisis
Managers who cherry-pick for optimal results aren’t even the worst abusers, argues Guggenheim’s top quant.
News
Why UK Pensions Can’t Buy UK Infrastructure
Forward-thinking UK public funds want to invest in UK infrastructure, but claim the government is not yet on board.
How HF Managers Are Wasting Alpha
But most managers may not even be aware of exactly how much alpha they’re losing, according to Novus.
NYU Hires Health Care Veteran as CIO
Kathleen Jacobs will join the $3.5 billion endowment from New York-Presbyterian Hospital beginning in August.
Strategy Overhaul for UC Regents Fund
After a year in the role, CIO Jagdeep Bachher’s new approach is taking shape.
How Pensions Could Mend Broken Markets
If more countries ran their pension systems like Denmark, financial crises could be a thing of the past, a think tank has claimed.
Gross Calls Bund Short ‘Well Timed, Not Well Executed’
His “short of a lifetime” pulled Janus' unconstrained fund from middling performance to the near bottom of its peer group.
Top Managers Monopolizing HF Assets, Preqin Finds
Some 11% of hedge fund managers command an overwhelming 92% of total industry capital.
Is Emerging Market Debt Still Worth the Risk?
Diversifying into emerging market debt may not be as straightforward as some would have you believe.
Abu Dhabi Staffs Up with US Equity Hire
Internal management is becoming increasingly important for the sovereign wealth fund.
Skin In the Game, No Longer
A list of six funds whose managers have pulled their entire $1M+ personal investments.
Deutsche Bank To Pay $55M, Ending Derivatives Probe
The German banking giant settles yet another investigation while shareholders demand a revamp of the management board.
Goldman Poaches FBI Officer Who Caught Madoff
Patrick Carroll will now police the investment bank from within its compliance department.
To Reduce Risk, Unfriend Your Manager
Facebook, LinkedIn, and Twitter—and what they mean to your investments.
Is Infrastructure Becoming Efficient?
The hunt for yield is only getting harder.