Report Urges US Schemes to Up Hedge Fund Exposure
A new research paper has asserted that pension funds in the United States should increase their allocation to hedge funds by 10% to boost returns by up to around $13.67 billion a year.
News Archive: Sep - 2011
CalPERS Censures Board Member, Implements Governance Reforms
CalPERS has publicly censured a board member for alleged involvement in a personnel action based on complaints filed by coworkers in addition to adopting governance reforms.
ADIA Opens Up, Reveals Rising Long-Term Returns
The Abu Dhabi Investment Authority (ADIA) has issued its yearly statement, documenting its investment strategy and holdings.
News Corp Battles New Charges by Pensions
Pension funds and other News Corp. shareholders have brought new charges against the media giant’s senior management and board of directors.
BlackRock CEO: European Equities Trump Debt
Laurence Fink, CEO of BlackRock, says that European equities and stocks that pay dividends are still a wise bet amid current tumultuous markets.
IMF: Pensions May Flock to Emerging Markets
A new report by the International Monetary Fund (IMF) reveals that pension and insurance funds may up their allocation to equities and other riskier assets in emerging and developing countries.
Detroit Pensions Sue BNY Mellon Over Lehman Losses
The General Retirement System of the City of Detroit has filed a class-action lawsuit with BNY Mellon, claiming that the firm lost more than $1 billion of its money in investments tied to Lehman Brothers.
Caxton Founders Retire, Tap CIO as Successor
Caxton Associates co-founders Bruce Kovner and Peter D'Angelo are retiring from the $10 billion hedge fund, and will be succeeded by Chief Investment Officer Andrew Law.
Aon Hewitt: One in Five UK Pensions Delegate Investment Decisions
A survey of 299 pension trustees and pension managers conducted by Aon Hewitt shows that nearly one in five pension schemes currently delegate investment decisionmaking to a third-party provider.
Preqin: Liquidity Tops Concerns Among Institutional Hedge Fund Investors
A recent study by Preqin has revealed that liquidity is leading concern of institutional hedge fund investors, with all institutional investors having maintained or increased their liquidity requirements since 2008.
Following Obama's Infrastructure Push, CalPERS Echos Commitment to Asset Class
The California Public Employees’ Retirement System (CalPERS) has targeted $800 million for investment in California Infrastructure.
Little-Known Hedge Fund Manager Joins Buffett's Berkshire Hathaway
Warren Buffett has chosen a second little-known hedge-fund manager to handle a portion of Berkshire Hathaway Inc.'s colossal investment portfolio.
Hedge Funds Suffer August Declines, Surrendering 2011 Gains
According to data released today by Hedge Fund Research (HFR), performance weakness in the hedge fund industry has been concentrated in Equity Hedge and Event-Driven strategies.
Survey: Asset Managers Fret Over High-Frequency Trading
A new study of 630 institutional asset management firms shows that more than two-thirds of respondents are worried about the impact of high frequency trading (HFT) on equities markets.
Unmasking the Chicago School
From aiCIO Magazine's Fall 2011 Issue: If the financial crisis exposed the Chicago School’s central economic theory -- the primacy of free markets unfettered by government intervention -- to be a False God, what will take its place? Joe Flood reports.