CalPERS Plans to Cut Managers by 50%
The $300 billion public pension is reportedly set to terminate roughly half of its third-party asset managers.
News Archive: Jun - 2015
SWFs Find Real Assets Edge in Peer Networks
Expect to see more giant investors teaming up on infrastructure deals, says Invesco.
Consultants (and Asset Owners): This Is Why You’re Not Innovating
Investors and consultants need to innovate their relationship first, according to research.
NJ Pension Defends $600M in Alts Fees
“Would you pay $334 to make an additional $1,800?” New Jersey's pension chair asked a senate oversight panel, under pressure over fee spend.
Investment Banks Not ‘Too Big to Ban’, Say Politicians
After forex rigging fines for investment banks, a group of US politicians wants more thought to go into whether they can continue to do business.
Georgetown Joins Stanford, Oxford in Coal Divestment
The ban only extends to the $1.5 billion endowment’s direct coal producer holdings, not to those of its managers.
Asness to Haters: Fama-French Weren’t Wrong; You Are.
AQR’s founder is tired of hearing claims that smart beta factors arose from biased backtests.
Los Angeles County’s CIO Resigns
David Kushner, two-time member of the Power 100, quit his post at the $48 billion fund as of May 29.
How to Make Money from a Changing Climate
Research shows preparing your portfolio for a low carbon economy won’t come at a cost—and may even benefit your portfolio.
Breaking the 'Optical Illusion' of Asset Management’s Gender Biases
The key to addressing the gender imbalance is disrupting stereotypes to bring about a cultural shift in the industry, according to State Street.
Private Pensions Join Hedge Fund High Rollers
Public pensions still hold the most capital in hedge funds, but they are being chased down by their private peers.
Is ADIA a Threat to Asset Management?
ADIA has successfully
insourced massive amounts of it portfolio. With its size and clout, does this
spell trouble for the traditional asset management industry?
Why Public Pension Return Forecasts Are Always Wrong
Two academics have shed light on the cultural and behavioural factors that lead some pensions to overstate their return forecasts.
When Are High Management Fees Worth It?
Investors were more likely to pay higher fees when they were accompanied with strong past performance and concentrated portfolios, according to eVestment.
Lyxor Exec Quits for Hedge Fund Start-Up
Michael Bernstein—who led the French firm’s push into the US—is leaving for a soon-to-launch hedge fund.