SWFs, Pensions Double Down on Tech
A State Street survey of sovereign wealth funds and public pensions finds technology and data capabilities lacking.
News Archive: Apr - 2016
Newsmakers
Multi-Asset’s Multiple Personality Disorder
CIO’s youngest reporter attempts to figure out what exactly multi-asset is—and if it’s any different from OCIO.
Lloyds Pension Strategy Chief Exits for Hedge Fund
Stephen McMillan is the third senior pension staffer to leave the £37 billion fund in less than 18 months.
Europe Waters Down Unpopular Pension Solvency Rules
A proposed funding regime has been abandoned in favor of a reporting tool and scenario testing—but pension funds are still not happy.
Reorgs, Reshuffles, Rethinks: Asset Management’s Overhauls
Firms including BlackRock, TIAA, and Bain Capital are making major changes to their businesses to meet evolving investor needs.
NYC Pension To Liquidate Hedge Funds
The $55 billion public plan blamed high fees and underperformance for unwinding its $1.7 billion hedge fund portfolio.
SEC Levels Fraud Charges at Ex-ConvergEx Transitions Chief
Khaled Bassily is accused of helping conceal extra charges within transition management fees.
S&P: Asset Owners ‘Hold the Key to Long-Termism’
Institutions cannot rely on company boards to tackle other investors’ short-term focus.
How Yale Manages Climate Change
David Swensen demonstrates how managers have—and haven’t—engaged with his team’s efforts to address greenhouse gas exposure.
Newsmakers
A Robot Wants Your Job
The investor of the future may already be incubating in a computer lab. Time to adapt to survive.
Automatons for the People
The probability of robots replacing CIOs, according to European Editor Nick Reeve.
Time for a New Volatility Model, Says Hermes
There is no such thing as a “normal” distribution when it comes to market price movements, the asset manager claims.
CalPERS Hiring for In-House Private Equity Team
The $291 billion public pension fund seeks a staffer to oversee strategic private equity partnerships, co-investments, and funds-of-funds.
Ex-Harvard Endowment VP Named Lehigh University CIO
Kristin Agatone—managing director at outsourced-CIO firm Summit Rock—will lead the $1.2 billion endowment.