High Performance Fees ≠ High Performance
Research
has found high-fee hedge funds take on excessive risk facilitated by greater
leverage.
News
Is it Time to Reconsider Credit Default Swaps?
An increasingly illiquid bond market requires a new way of managing new capital, argues Hermes Fund Managers.
How Old Age Could Hit Bond Portfolios
Have you considered the age of the population where you’re buying your bonds?
Regulation
Credit Suisse Fears Sentencing Will Harm Asset Management Business
The bank has asked a US court to push its
sentencing date to “at least” November in order to safeguard its ability to run pension money.
Newsmakers
Vatican Turns to Asset Management to Clean Up Bank
Jean-Baptiste
de Franssu, former chief of Invesco Europe, has been named president of the
scandal-ridden Vatican Bank.
PPF Dumps Derivatives, Favours Risk Factors in Portfolio Shake-Up
Real assets and risk-factor investing lead the revitalised PPF portfolio.
The Interest Rate Conundrum: Rises on the Horizon?
UK and European pensions must consider how interest rate hikes will affect them as central banks weigh up changes to ultra-low rates.
Regulation
State Street Settles Shareholder Lawsuit for $60M
The Boston-based bank was sued by shareholders who claimed they bought stocks at “artificially inflated” prices.
New Jersey Seeks New Talent to Boost Alternatives
The recently
downgraded New Jersey public pension system is building out its alternatives
team in anticipation of future opportunities.
UK National Pension Combines EM with Smart Beta
NEST has taken the smart beta plunge using an emerging market fund.
Is Volatility Too High?
An S&P Dow Jones Indices director has argued that the Vix index is far higher than “realised” volatility—but the ride will get rougher in the next few months.
Convertible Bonds: Defense Against Downside Equity Risk
Actively
managed convertible bonds could provide appealing asymmetrical risk-adjusted
returns, Rocaton has said.
Economou to Step Down from CERN Pension
The architect of the CERN Model is to spread the word to a wider audience.
Temasek Doubles Investment Activity
Singapore’s S$223 billion (US$179 billion) powerhouse is flexing its investment muscles.
Regulation
Gold Stars for CalPERS, CalSTRS from Moody’s
Steps to boost contribution rates to both plans have impressed the ratings agency, which upgraded their credit scores.