Regulation
DOL Sends Fiduciary Rule Update to OMB
Experts believe the White House will conduct a quick review of the “middle-of-the-way” proposal.
Tag: Investment
Asset Management Culture
Will Cutting Down on External Managers Make a Difference?
Sure, it can help lower investment fees. But those after-fee returns? Researchers say that’s a mixed bag.
Expect an Increased Tempo for ESG Investing Post-2020
A pandemic and calls for racial equity have only accelerated sustainable investments, and shaped the agenda for next year.
Asset Management Culture
Ray Dalio Sides with Chinese Regulators over Jack Ma
Foiled IPOs be damned, diversifying into China is worth the risk, according to the Bridgewater founder.
Op-Ed: Should Allocators Un-Core Their Core Bond Portfolio?
With yields at historic lows, longtime investor Tony Waskiewicz says investment offices might want to take another look at the allocation that used to be ‘worry free,’ but is now a source of consternation.
Asset Allocation
Mubadala Wants to Turn Parking Lots into Hubs for Restaurants
The Abu Dhabi sovereign wealth fund’s investment is a vote of confidence in delivery and last-mile distribution services.
Regulation
DOL, Dubious About ESG Pension Investing, Cuts It a Bit of Slack in Final Rule
The regulation still requires that plans only use financial considerations in investments, but says companies’ pollution and bad governance may be factors, too.
Pensions
Local Pension Plans Benefited from Shifting Money to MassPRIM, Report Says
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
Asset Management Culture
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
Asset Management Culture
University Endowments Urged to Hold on to Private Commitments
For allocators, keeping a long-term investment horizon in the face of immediate challenges is key, NEPC says.
Asset Management Culture
Yale’s Swensen to Asset Managers: Hire More Women and Minorities
The decision to track investment firms’ progress would have a ‘seismic’ shift in the industry.
Asset Management Culture
OMERS to Sell Detroit River Rail Tunnel Stake for $312 Million to Canadian Pacific
The pension fund has been invested in the transnational transport system for nearly two decades.
Corporate Moves
Exclusive Interview: Ted Aronson Will Shutter His Value-Oriented Firm
AJO Partners is closing after nearly 40 years of investing, as its style suffers. Founder's team wants to launch a successor, but he will be on the sidelines.
Alternatives
CDPQ Expands into Renewable Energy Infrastructure in Spain
The Canadian pension plan continues its growth in sustainable investments around the globe.
Asset Allocation
GIC Leads $100 Million Funding into India’s Fintech Razorpay
The Bangalore-based startup joined the unicorn club with a valuation just north of $1 billion.