Private Equity Appetite: Public vs. Private Pension Plans
US public pension plans thought more globally than corporate funds, with higher allocations to emerging market private equity.
News Archive: Oct - 2014
CalPERS Hails Stockton Bankruptcy Ruling
The $300 billion pension is celebrating a reversal of a decision to impose huge cuts on public workers’ pensions.
PIMCO Rehires Two Staff as Post-Gross Rebuild Continues
Nobel Laureate Michael Spence has returned to the fund management giant just eight months after leaving.
UK Pensions Slow Risk-Reduction as Funding Levels Improve
Fixed income allocations are down as UK pension funds gain stability.
Activism Skyrockets, But Investors Are Selling Fast
Only 36% of US activist investors say they have an average holding period of more than one year, according to a survey.
Slow Progress on SWF Governance Standards
Only
nine of 31 sovereign funds fully complied with the governance and disclosure
standards of the Santiago Principles, according to GeoEconomica.
Hermes: Why Emerging Markets Will Avoid Another Crisis
Chief Economist Neil Williams argues emerging markets are better positioned to handle interest rate rises in the US.
Is Your Consultant Breaking the Law?
Consultants could be breaking US law by recommending their own investment management services, a government official has said.
What Crisis? Fund Management Bonuses Approach 2007 Peak
Fund managers' compensation is on the up, as hedge fund and investment banking incentives stagnate, say consultants.
Should CalPERS Have Doubled Before Quitting Hedge Funds?
A larger allocation to hedge funds could reduce risk and increase the Sharpe ratio, but the current fee structure “feeds mediocre strategies,” according to MPI.
L&G Seals Longevity Swap for Buy-Out Assets
The UK insurer has moved to protect £1.35 billion of pension assets against pensioners living longer than expected.
PERSI’s Maynard: How Complexity Is Failing Investors
An increasingly complex financial world does not call for more complex portfolios, according to Idaho public pension’s CIO.
Detroit Inches Closer to Solvency as Pension Creditors Drop Objections
A judge will decide next week whether Detroit’s plan to slice $7 billion of debt is feasible.
AQR’s Asness: Hedge Funds Aren’t as Bad as You Think
Cliff
Asness has claimed 2013 was only a “mildly disappointing” year for hedge
funds, but they could be cheaper.
CalPERS CIO: Why We Ditched Hedge Funds
Ted Eliopoulos talks hedge funds, climate change, and tax policy.