LDI Specialist Cutwater to Fold into BNY Mellon
The financial giant has inked an agreement to purchase Cutwater, which has $23 billion under management.
News
As Gross Joins Janus, Key Man Risk Examined
With Bill Gross set to start managing money at Janus Capital today, Fitch has outlined how it assesses key man risk.
NZ Super Shares its Manager Selection Secrets
The Guardians of the New Zealand Superannuation fund have revealed their findings as to how investors can identify manager skill.
Private Real Estate: More Money, More Problems?
Fewer managers, fewer opportunities to invest, but record amounts of cash: Private real estate is a sector with issues to resolve.
Private Equity Activity Set to Soar in Q4
A lacklustre capital-raising summer could be followed by an action-packed end to the year, Preqin data suggests.
AQR’s Asness: Prices Are Too High—But It’s Not All Bad
AQR has warned of asset prices near historic highs, but doesn’t think it means a crash is imminent.
By One Vote, San Diego to Keep OCIO Salient Partners
The county pension voted down a motion to fire Lee Partridge four months after entrusting him with its entire portfolio.
CalPERS Refutes Judgement to Let Stockton Walk Away
A bankruptcy judge has verbally ruled that CalPERS is no more important than other creditors.
What Will the Gross Exit Cost?
Moody’s has put a price on the departure of PIMCO’s “bond king” for parent company Allianz.
Danish Pensions Unite for €1B Infrastructure Push
Billions of kroner are to be put to work improving European and US infrastructure.
New Chiefs for Danish Pensions
The autumn brings new staff rosters for large Danish pension investors.
Steaming Ahead: The Lowdown on Railpen’s Restructure
Investment Director Paul Bishop on Railpen’s changing approach to pooled funds, and why it stepped back from hedge funds long before CalPERS.
Bristol-Myers Secures $1.4B De-Risking Deal
The Prudential Insurance Company of America has taken on another major group annuity contract.
Bad Habits in Asset Allocation
When does return momentum succumb to mean-reversion? Sooner than most investors expect, according to Andrew Ang and two fellow researchers.
Bill Gross: Not the King of Bond Markets, After All?
Fixed income commentators are not as concerned about the long term impact of Gross’ exit as weekend headlines have indicated.