NYC Pensions Seek Public Equities Passive Index Asset Managers
It is the first time the city’s pension funds have solicited managers for public equity index services in nearly a decade.
It is the first time the city’s pension funds have solicited managers for public equity index services in nearly a decade.
The pension fund’s board also approved contract negotiations with its current general investment consultant Cerity Partners Retirement Plan Advisors.
Shifts coming at the portfolio construction and market levels mean allocators need to stay focused on their goals.
Much depends on an organization’s portfolio objectives.
A new report projects endowment assets will grow 7.9% over the next five years, compared with 4.7% and 4.2%, respectively, for public and corporate defined benefit plans.
Ilmarinen investment helps make the ETF launch the largest in U.S. history.
But will index funds hold on to their appeal if US stocks hit a bear market in the next year or two?
Indexes now make up a bit more than one-third of funds, but will reach 50% in two years, the agency says.
Members of the class of 1969 want the $37.1 billion endowment to be more passive.
NEPC survey finds passive investing is losing momentum, cites geopolitical uncertainty, market volatility.