The UK’s £500B Inflation Black Hole
Good news: Your funding shortfall is soon to be erased. Bad news: You can forget your inflation hedging plans.
News
Fund Managers’ Tax Practices Under Scrutiny
The UK’s chancellor has proposed to turn the screw on individual fund managers who are paying less tax than they ought to.
New York University Endowment Loses CIO
Tina Surh will leave the $3.5 billion endowment on December 31, 2014 after five years as chief investment officer.
Norway SWF to Reject Dumping Fossil Fuels
Dumping coal and oil company assets would likely hurt the world’s largest sovereign fund more than it would help the planet, its board concluded.
Certain or Liquid: A New Way to Class Assets
A UK consultant asks whether it is time to reassess how we label investments.
Indices: Asset Management’s Golden Goose?
Following on the heels of LSE’s acquisition of Russell Investments, LGIMA has launched a US index fund business of its own.
Ontario Teachers’ Names New London Office Head
As the $124 billion pension plunges ahead with its overseas expansion, a private equity veteran has taken over its EMEA operations.
Public Pensions Agree to Investment Partnership
Some £10 billion in public money could be pooled in a push against the UK’s government’s move towards passive investment.
NAPF Loses Investment Policy Chief to Fund Manager
Helen Roberts is to return to the fixed-income sector, joining ECM Asset Management.
Brevan Howard to Dump Commodity Hedge Fund
The $630 million fund is set to close following chronic underperformance.
UK Fund Managers Lagging Board Diversity Targets
KPMG finds just three of 16 fund managers have any female executive directors.
How the World’s Largest SWF Gets the Best from Active Managers
Bespoke equally-weighted benchmarks are the way forward for active management, says the world’s biggest sovereign wealth fund.
What Would a Cure for Cancer Do to Your Liabilities?
New research by the NAPF and Club Vita in the UK gives granular data on longevity trends among defined benefit pension members.
L&G Secures £2.5B Buy-Out in International Risk-Transfer Deal
Global car parts manufacturer TRW Automotive has successfully de-risked its UK, US, and Canadian pensions in a wide-ranging project.