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Report: Hedge Fund Assets Will Continue Growing in 2015, But Executives Recognize Underperformance

A new survey, released Tuesday by Deutsche Bank, reveals that hedge fund executives expect hedge fund assets to grow by 7 percent and exceed $3 trillion in 2015, including $60 billion of net inflows. But the majority of executives and investors surveyed – 66 percent – also recognized that hedge funds underperformed in 2014. From the Wall Street ...
japan tokyo

Japan Pension’s Portfolio Overhaul Pays Dividends With Record Quarter

A shift into riskier investments has paid off for Japan’s pension fund – at least in the fourth quarter of 2014. In late 2014, Japan’s Government Pension Investment Fund (GPIF) began a portfolio overhaul that involved shifting a higher percentage of assets away from bonds and into stocks. The well-publicized shift proved to be a boon for the ...
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Private Equity Eyes Longer Timelines For Largest Investors

Some private equity firms are considering offering new investment structures that would allow their largest clients to invest over a longer period of time, according to a New York Times report. The new structure would extend the timeline of some investments to over 10 years, which could appeal to institutional clients looking for longer-term, lower-risk ...
kentucky

Kentucky Pension Bond Proposal Clears House

A bill aimed at easing Kentucky’s pension shortfall passed the House on Monday, less than two weeks after the bill came out of committee. The bill would allow the issuance of $3.3 billion in bonds to help ease the funding shortfall of the Kentucky Teachers’ Retirement system (KTRS). The proposal comes with risk: the success of the plan depends ...
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New Dynamic Emerging Between Pension Funds and Asset Managers As Pensions Look for Lower Costs, More Transparency

Many pension funds are moving portions of asset management duties in-house in a bid to reduce costs; many more funds are pushing for more transparency from their external asset managers. In the wake of these trends and others, a recent State Street survey claims that a new dynamic is emerging between pension funds and their asset managers. More details ...
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Leo Kolivakis on Paying Pension Executives

This week, the Financial Times released a list of the highest-paid pension CEOs, and interviewed observers from several corners who criticized the high compensation totals. On Wednesday, Leo Kolivakis of Pension Pulse weighed in on pension executive pay in an extensive piece. The post is re-printed below. _____________________________________  By ...
Graph With Stacks Of Coins

How Hedge Funds Keep Winning Clients Despite Prolonged Slump

The average hedge fund has returned 5.1 percent annually over the last 10 years, according to HFR, a hedge fund data firm. The investment vehicle has even been outperformed by many “balanced” mutual funds. But the flow of clients to hedge funds isn’t slowing down, which begs the question: how do hedge funds keep winning clients when performance ...
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San Diego County Pension Trustee Decries Investment Strategy, CIO in Newspaper

Samantha Begovich, a trustee for the San Diego County Employees Retirement Association (SDCERA), has penned a column in an area newspaper decrying the fund’s outsourced CIO, Salient Partners, and its investment strategy. The fund voted last year to move on from Salient Partners and hire an in-house CIO after critics called Salient’s investment ...
Balancing The Account

Massachusetts Treasurer Pushes For Lower Pension Fund Return Assumption

Massachusetts Treasurer Deborah Goldberg told board members of the state’s pension system this week that they should consider lowering the fund’s assumed rate of return on investments. The assumed rate currently sits at 8 percent. Goldberg suggested 7.75 as a starting point for changing the rate. From WWLP: With some instability in the global economy, ...
Calpers

CalPERS CEO: “The Companies We Invest In Have to Be Sustainable”

CalPERS CEO Anne Stausboll sat down with the Financial Times for an extensive interview last week. She talked about her push to make CalPERS an agent of change on social and environmental issues, including the use of shareholder power to engage with companies about sustainable business practices. Here’s that excerpt, from the Financial Times: Where ...
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