The man leading the charge on overhauling Japan’s Government Pension Investment Fund has said the fund should pare back total bond holdings to about 35% of assets.
Led by PFZW, Dutch pensions are considering renegotiating contracts, allowing them to discipline underperforming managers.
The firm will now manage upward of $800 billion in assets, making it one of the largest asset management firms in the world.
Julian Lyne is set to join a rival firm.
Editor-in-Chief Kip McDaniel discusses Michael Lewis' new book and the power of the buy-side.
“You never see a bad back-test. Ever. In any strategy.” —Josh Diedesch, Investment Officer, California State Teachers' Retirement System