Texas Teachers’ Studies and Rejects Shift to DC Plan
A state-mandated study by the Texas teachers' pension found regular contributions, not structural overhaul, would improve its funding status.
News
NYC CIO Nagaswami Departs for Bridgewater
New York City’s first CIO is leaving the public sector for a senior strategist role at Bridgewater Associates.
Towers Watson: Tight Corporate Bond Market the ‘New Normal’
With inventories of corporate bonds at the lowest point in a decade, Towers Watson foresees sustained illiquidity and heightened volatility ahead for the fixed-income market.
Is ‘Boring’ Undervalued?
One investment strategist makes his case for why investors should aim for portfolios that keep calm and carry on.
Taking the Long View on Low Vol
Before committing to a low-volatility strategy, a leading strategist advises, investors must first commit to ditching short-term evaluations and relative risk benchmarking.
California Passes Pension Reform Bill
The new legislation should save taxpayers roughly $42 billion to $55 billion for CalPERS plans alone over the next 30 years.
How Will the JOBS Act Impact Hedge Funds?
Hedge funds, watch out -- the JOBS Act will drive the next major shift for the hedge fund industry, Margolis Advisory Group and River Communications claim.
Study: Institutional Trash is Hedge Fund Treasure
A new study of trading data related to major 'activist' hedge fund acquisitions indicates that institutional investors are usually on the other side of the deal.
Bain, Apollo, KKR Under Investigation for Tax Dodging
New York's attorney general has subpoenaed major private equity firms, suspecting they convert management fees into investments to duck income taxes, according to the New York Times.
SEC Aims for Stronger Compliance With Pay-to-Play Ban
The Securities and Exchange Commission is seeking to strengthen compliance with a Municipal Securities Rulemaking Board rule that limits political contributions by municipal securities professionals.
JP Morgan Sued Over FX Rates
Louisiana’s police pension fund, a custodial client of JP Morgan, is suing the bank for allegedly manipulating clients' foreign-exchange transactions to pad its own profits.
Prudential, Bridgewater, Others Repeat as Industry Innovation Award Winners
Strategic Investment Group, Russell Investments, and State Street join Prudential and Bridgewater as repeat winners in aiCIO’s annual award series; a slew of firms make their first appearance.
Japan Pension Hit by Domestic Economy Problems
All the money in the (pension) world, but Japan’s GPIF is not immune to domestic problems.
Institutional Investors to Aetna: Come Clean About Political Spending
A coalition of institutional investors is putting pressure on Aetna to open up about the millions of dollars it gives to political organizations for "educational activities."
Low-Vol Investing Is Not Unique to US Equity Markets
The benefits of low-volatility investing are present on a global scale, according to Aye Soe, director of global research & design at S&P Dow Jones Indices.