Cambridge Associates: Bespoke is the Best Way to Divest
The
consulting firm has outlined how to dump fossil fuel investments with a careful
look at implications to portfolio construction.
News
Has the ‘Big Switch’ in Outsourced Investment Begun?
A UK pension has changed its fiduciary manager after four years—will others follow?
Norway Outlines Staff Plan to Boost Real Estate Holdings
If you are a real estate expert and fancy a new challenge, now could be the time to act.
Risk
Risk Parity Losing to Risk Factors, Study Finds
Smart beta and risk premia strategies have come to the fore of risk factor investing, according to S&P Dow Jones Indices.
BT Insures £16B in UK’s Largest De-Risking Deal
The BT Pension Scheme created its own insurance company as part of a £16 billion longevity swap arrangement.
New Jersey Pension Hires Lawyer to Fight Christie’s Cuts
A Florida law firm has been appointed by New Jersey’s Public Employees’ Retirement System to handle a lawsuit over Governor Chris Christie’s planned contribution cuts.
It Ain’t What You Do…
… It’s the way that you do it. So argues Russell Investments in favour of implementation as the key driver of returns.
Former CalPERS’ CEO to Plead Guilty to ‘Pay-to-Play’ Conspiracy
Federico
Buenrostro was charged with conspiracy in connection with creating fraudulent
papers securing placement agent fees in years following the financial crisis.
Infrastructure Debt: Damned by Its Own Success?
M&G’s co-head of alternative credit says there is “arguably less value” in infrastructure debt despite record levels of interest.
Consultants Slip the Regulatory Noose…for Now
Despite calls to the contrary, a review of regulation for UK investment consultants is not on the horizon.
How to Make the Endowment Model Viable
The alternatives-heavy model is far from a “one size fits all” solution, NEPC has said.
Pension Corp Taps Debt Market to Fund More De-risking Deals
The UK pension insurer is seeking to raise £300 million in its first ever bond issue.
Randomised Fee Generation
Former AP3 CIO Erik Valtonen suggests an innovative way to shake up quarterly performance fee measurements.
Newsmakers
The Haves and the Have-Nots
As Dutch pension funds move from
recovery to treading water, regulatory burdens have produced a two-tier pension
system.
Art of the Pitch
A lesson in how to sell a fund and support financial independence from Mary Ellen Iskenderian, CEO of Women’s World Banking.