Small Hedge Funds Face ‘Extinction’ over Fees and Regulation
The hedge fund industry is becoming more concentrated as billion-plus
strategies absorb assets.
News
‘Closet Indexing’ Costs Pensions £1.7B a Year
Aon Hewitt claims “sub-optimal” active fund performance affects almost 20% of UK pension assets.
Are Asset Managers ‘Too Big to Fail’?
Large, highly connected asset
management firms are at risk of being labeled “systemically important financial
institutions.”
Amundi's UK Institutional Chief Quits, 11 Months In
Amundi’s head of UK institutional Mark Miller has quit the company after less than a year in his role, aiCIO has learned.
Mercer's Argument for Lump Sum De-Risking
The imminent of arrival of new mortality tables and popularity of the tactic with participants means it's not a bad time to payout, the firm says.
Pensions Appoint First Custodian by Committee
The first-ever custody contract awarded through the UK's local pension organization is expected to save three schemes up to £1.5 million.
ABF, Industriens, PGGM, PPF Win at aiCIO European Innovation Awards
Who else was victorious at aiCIO’s second European Innovation Awards?
Too Fast, Too Furious: UK Pension Reform
Abrupt government changes to savings policy endanger members’ outcomes, according to the National Association of Pension Funds.
Harvard Pays Top Five Staff $29 Million
The $32.7 billion endowment upped its total
compensation by nearly 9% in 2012, but HMC chief Jane Mendillo’s salary slipped
below 2011 figures.
The Cash-Rich Underfunded DB Plans
Research
found plan sponsors may be intentionally underfunding their pension plans to
boost their cash holdings.
Allianz Earnings Plummet on PIMCO Decline
The parent company’s profits for the division have fallen nearly 30% since last year.
Asset Managers To Get Fatter Bonus Checks This Year
Money
managers could expect up to a 10% bump in incentives in 2014 while investment
and commercial bank bonuses are projected to stay flat.
North Carolina Treasurer Proposes Limited Pension Reforms
The sole
fiduciary of the $86 billion pension fund said the discussion of moving to a
board of trustees model is likely to wait until January 2015.
PIMCO: The Age of ‘New Neutral’
PIMCO’s
latest long-term view reflects slow economic growth, high leverage, the end of
bull markets, and a lower neutral policy rate.
High-Frequency Trading: Winner Takes All?
Not all HFTs are created equal—and some
massively outperform their peers.