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.
News
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.
Irish Public Pension Fund Chief to Retire
Conor O’Kelly has been selected to lead Ireland’s National Treasury Management Agency, replacing John Corrigan.
Eurozone Pensions Count the Cost of Falling Rates
Actuarial rates have wiped 600 basis points off of funding ratios in Germany despite a strong year in performance terms.
Bond Managers ‘Averse’ to Holding Cash Despite Liquidity Fears
A credit ratings agency has warned bond funds to hold more cash, despite the negative effect this could have on returns.
SWF Apologizes to Citizens for Merrill Lynch Investment
Losing $720 million on the deal thus far, the head of the Korea Investment Corporation has promised to learn from the mistake.
Why Cautious Managers Have Short Careers
Highly loss-averse managers were likely to record worse risk-adjusted performance, often leading to termination, a study has found.
San Diego, Public Outsourcing Pioneer, to Recruit Internal CIO
The $10 billion fund’s board has voted to return to a model featuring an internal CIO.
CalPERS’ Bankruptcy Deals ‘Haven’t Solved Funding Problems’
Arrangements with San Bernardino, Stockton, and Vallejo will lead to more financial strain, ratings agency Moody’s argues.