Pensions Should De-Risk with Hedge Funds, Consultants Say
High conviction hedge funds could reduce drawdowns but implementation is not easy, according to Cambridge Associates.
News Archive: Jul - 2015
Putting Volatility in the De-Risking Driver’s Seat
A two-fold glide path—targeting both funded status and funding volatility—can improve outcomes over classic LDI, UBS argues.
How Asset Management Can Save Itself
Raising more than $1 billion in an investment product may well have been more luck than skill, according to a new report.
CLO Comeback Attracts Pensions as Banks Withdraw
Structured loan products are proving popular with pension funds, especially in Europe.
Ray Dalio: We’re Not Bearish on China Yet
Soon after declaring there are “no safe places to invest” in China to clients, Bridgewater Associates stressed that “too much has been made of the shift in their thinking.”
The Politics of Pensions: When Deficits Buy Votes
An academic study has found a correlation between competitive political campaigns and poorly funded defined benefit pensions.
London Pension Urged to Divest from Fossil Fuels
Pressure is building in the UK capital to reduce the risks it faces from climate change and extreme weather.
State Pensions Demand SEC Action on PE Fees
A coalition of 13 public pension funds overseeing $1 trillion has asked the SEC to remedy “an uneven playing field” between private equity managers and investors.
Wanted: CIO to Lead UAW’s $55B Medical Trust
The position has been vacant since Ken Frier’s exit last September, and UAW is looking for the industry’s very best to fill the spot.
Risk Parity’s Annus Horribilis
A rare blip for the strategy that has outperformed for 10 years.
Rothesay Life Secures Biggest De-Risking Deal of 2015
The £1.6 billion buy-in of the aviation pension is the second biggest deal of its kind in the UK.
Putting High-Priced Equities to the Test
How can investors tell if stock markets are overpriced with flawed valuation metrics?
Merrill Lynch CIO Resigns for Family Office
Ashvin Chhabra—former CIO of Institute for Advanced Study—will be heading up Euclidean Capital, billionaire hedge fund manager James Simons’ family office.
JP Morgan in $388M MBS Settlement
Two pension funds are among investors that have settled with the investment bank over the sale of mortgage-backed securities.
ETFs Overtake Hedge Funds in Asset Stakes
Despite the relentless push to passive, investor assets in the sector have only just moved ahead of those held by hedge funds.