ADD or Value-Add? Hedge Funds’ Ideal Activity Level
Highly active fund managers tend to outperform those who buy-and-hold in absolute returns, but researchers found that adjusting for risk reversed their results.
News Archive: Sep - 2014
Rating Agencies Deal Fresh Blows to New Jersey, Illinois
New Jersey’s debt has been downgraded by Fitch, while Moody’s says Illinois faces “daunting” challenges over pension funding.
Aon Hewitt Reveals a ‘Thumbs Up’ for Fiduciary Management
Investors are pleased with their outsourcing arrangements, but have they given up too much responsibility?
CalSTRS Tackles the Risk of Running Out of Money
The fund is confronting its worst-case scenario: What happens if it fails to deliver the expected 7.5% return over time?
Yale Puts Fossil Fuel Burden on Asset Managers
Under heavy pressure from student groups, CIO David Swensen will write to managers about fossil fuel risks.
Harvard, CalPERS, MIT, Caught in PE Scandal
Vector Capital, meant to be a technology fund, partly owns an offshore loan business charging customers 600% interest.
Where Are the Best Private Real Estate Funds?
Want top-quality private real estate? Head to the coast.
Alaska Pension, McDonalds Lawyer Up
Lawyers on either side of the Bering Strait are readying for legal battles involving pension funds.
Blackstone Tops Wall St Peer Rankings
The firm
came first for both prestige and quality of life, followed closely by Goldman
Sachs.
Is Reputation More Important Than Morals in Responsible Investing?
Academic research has found that “moral duty” is no longer an important consideration when adopting ESG principles.
LGIM: Central Banks Are Wrong on Inflation
A Legal & General Investment Management economist thinks the Fed and Bank of England are fundamentally wrong.
IEX Dark Pool Raises $75M for Exchange Status
Trading
platform newcomer IEX has received financing from numerous investors amid
regulators’ increased probing of dark pools.
NC Pension Accused of Pay-to-Play Violations
An
employee union filed a whistleblower complaint with the SEC regarding the pension system’s sole fiduciary: State Treasurer Janet Cowell.
Ex-Russell Equities Chief Joins Abu Dhabi SWF
Brian Tipple will oversee third-party managers for the Abu Dhabi Investment Authority in a newly-created role.
$1.3B Foundation Outsources Alts Portfolio
eQ Asset Management, based in Helsinki, has won the mandate.