PPF Expands Its GTAA Manager List after Threefold Growth
UK’s pension lifeboat scheme tenders for another six potential managers after total scheme assets hit £13.5 billion.
Manager Selection
Lean Times for New PE Managers
Private equity fundraising is strong overall, but Preqin data shows that few investors are taking chances on first-time managers.
CalPERS Partners with Standard Life, Aiming for Alpha
This is the inaugural deal for CalPERS’ multi-asset class partnership program.
Why Hedge Funds Really Want Your Money
Hint: It's not the fees.
Hedge Fund Investors Quit Paying for Beta
Capital and compensation tracked hedge fund performance more closely in 2012 than years prior, according to fresh industry data.
US Managers Win Sales Race in Europeans’ Back Yard
European fund houses are losing out to their American rivals on home turf, a study reveals.
Hyper Activity Is Costing Large US Public Plans, Scholars Say
Large US public pensions are, on average, making alpha—but could be making more if they shifted a greater portion of their portfolios to passive investments, researchers say.
San Diego Pension Urged Go Passive and Save on Fees
Why pay for active when passive can work just as well? That was the message the California pension fund's board got from its strategist Salient Partners at the latest meeting.
NYC Pensions Turn Over $450 Million to Two Hedge Funds
The $120 billion retirement system has allocated $450 million to event-driven Fir Tree and quantitative specialist Cantab Capital Partners.
Graphic: The Periodic Table of Hedge Fund Returns
Hedge fund strategies sorted by performance—from 2000’s blockbuster Convertible Arbitrage to 2012’s top performer, Distressed Securities—courtesy of Boomerang Capital.
Biggest Asset Managers Losing Market Share, Survey Shows
Full-service shops are holding less appeal as institutional investors increasingly seek out specialty managers, according to the results of survey from Cogent Research.
San Francisco: Great for Hippies, Bad for Hedge Funds
The best and worst cities for hedge fund returns, according to original research of historical data from a boutique Boston management firm.
The Polarization of Asset Management
Institutional investors need full-service mega-managers and niche boutique firms—but not much in the middle, a new survey says.
Transition Management Practices Out-of-Date, Industry Veteran Says
A whitepaper from Ross McLellan—who recently started a transition management consulting business following his departure from State Street—asserts that the industry practices have remained essentially unchanged for 15 years.
China’s SWF Finds Partners, Gets Direct
China Investment Corp. is taking a more active role in its foreign investments by forging partnerships with overseas third-party managers.