State Street Under Investigation for Public Pension Pitch Tactics
The Boston-based firm has received subpoenas from the Department of Justice and the Securities and Exchange Commission, according to its quarterly filing.
News
Bad vs. Basic
Kip McDaniel on identifying the bad and the basic in the competition for the finite asset pools that are moving away from risk.
‘Managing Uncertainty’: The Changing Face of European Pensions
European pension funds have adapted their models post-crisis, research finds—and warns consultants and asset managers to pay attention.
Chicago Teachers Pension CIO Moves to Kellogg Foundation
Carmen
Heredia-Lopez has been appointed director of investments for the $8.3 billion
foundation.
Russell LDI Expert Departs for Competitor
Insight Investment has strengthened its liability-driven investment team.
Europe ‘Destination of Choice’ for Real Estate Investors
This year has seen the most money in seven years dedicated to private real estate funds targeting Europe.
Regulation
Canada Pension Giant, Future Fund Implicated in Tax Dodging Leak
The institutions’ use of Luxembourg-domiciled shell vehicles has made them the target of tax-avoidance allegations.
Hedge Fund Managers’ Average Pay Climbs to $2.4 Million
Large fund managers’ average pay jumped 8% in 2014 as competition for talent and capital inflows increased.
How Much Sharper is Smart Beta?
Weighting your benchmarks away from market capitalisation would reward portfolios with a much better Sharpe ratio, research has found.
Asian SWFs Targeting Higher Equity Exposure
It isn’t just Japan’s pension fund that is buying up stocks, according to a new report.
Endowments Turn Skeptical Eye on Private Equity
Valuations and future returns have cooled foundations and endowments’ lust for the asset class, an NEPC poll shows.
PIMCO Flagship Suffers Record Outflows Post-Gross
The Total Return Fund hemorrhaged $27.5 billion in withdrawals in October, an all-time record desertion.
In Search of Better Returns, Go Unlisted, Says Cambridge
Cambridge Associates found that private equity markets produced superior returns in the short and medium term.
Charities Back Active Managers despite Peers’ Push to Passive
UK charity funds still believe in active management in the face of increasing use of passive strategies by other institutional investors.