The largest listed UK fund house has lost one of its key multi-asset managers, while the much maligned fund-of-hedge funds industry takes on new staff to cope with demand.
The new plan for 2012 to 2017
emphasizes the long-term goals and strength of the system, and suggests CalPERS
will continue to engage with its critics.
Massachusetts’ public pension system is in the midst of a massive asset shift from funds-of-funds to direct hedge fund investments, and Board Chair Steven Grossman is very happy about it.
The
state's General Assembly has gathered for a special session to deal with the
State Retirement System of Illinois' $83 billion in unfunded liabilities.
Capital-rich investors are prime targets for companies whose usual lenders are hamstrung by regulation, but there are a couple of hurdles to overcome first.
SEI's Ashish Kapur won't predict when interest rates will rise, but advises institutional investors to ride out the low rates through allocations in long-duration bonds, emerging market debt, and high-yield bonds.
Peter O’Neil and Karen Keenan have stepped into leading roles in the London office of State Street; Stephen Smit, long-associated with the firm’s transition business, has seen his role altered.