Money Management

Featured Story

OCERS to consider manager terminations

By Arleen Jacobius

The board of the Orange County Employees Retirement System, Santa Ana, Calif., will consider whether to terminate Capital Guardian's $98 million active domestic large-cap value equity allocation and transfer the assets to BGI's Russell 1000 index fund.

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Special Reports

Hedge fund managers make it three quarters in a row of upside

Hedge fund managers retained their gains and posted respectable returns for the third straight quarter. All 22 of the hedge fund and fund-of-funds strategies tracked by Morningstar Inc. turned in positive average performance for the three months ended Sept. 30.

By Christine Williamson View more

People

Bornhoft Group hires new partner

Thomas O'Donnell joined The Bornhoft Group as a partner, a new position that is part of an expansion of the managed futures specialist's institutional investor marketing effort.

By Christine Williamson

3 sign on with Putnam's DC sales team

Chris Doucet, Alan Dumas and John Leeson joined Putnam Investments' defined contribution sales team.

By Douglas Appell

Adolph to lead EMEA transition management

Chris Adolph was named Russell Investments' head of transition management for Europe, the Middle East and Africa.

By Thao Hua
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Blog Bank

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P&I Online Features

Photo: Managers contest change in oversight

Managers contest change in oversight

Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.

By Doug Halonen    

Long-only or hedge? It no longer matters

Institutional investors are gearing up to integrate hedge funds into their equity and fixed-income portfolios, part of a growing trend toward allocating assets based on their sources of return — alpha and beta.

By Christine Williamson    

Hermes' latest boutique marks firm's push to gain U.S. clients

Hermes Fund Managers has lifted out a six-member global equity team from Fortis Investments in Boston as part of a bid to attract U.S. institutional clients.

By Drew Carter     View more

Charts

  • U.S. tops growth list 1 of 10
  • Long/short loss 2 of 10
  • Vaulting volume 3 of 10
  • Building bonds 4 of 10
  • Going for gold 5 of 10
  • Fed asset changes 6 of 10
  • The worst of both 7 of 10
  • Smooth sailing for cat bonds 8 of 10
  • Still high on high-yield 9 of 10
  • In the long run we're all dead ... 10 of 10

International

Aberdeen replaces Bramdean Asset

Aberdeen Asset Management is replacing Bramdean Asset Management as manager of Bramdean Alternatives' $183 million in assets.

By Drew Carter    

FRR picks 6 to run €4 billion in bonds

Fonds de Reserve pour les Retraites, Paris, hired six managers to run a combined €4 billion ($6 billion) in euro-denominated inflation-linked bonds.

By Drew Carter    

MassMutual adds Protego, merges real estate managers

MassMutual is buying European real estate investment management firm Protego Real Estate Investors and will merge it with MassMutual's two existing real estate groups.

By Arleen Jacobius     View more

P&I Presents

Featured Industry Events

Today’s Markets

Webcasts

Emerging Markets Webcast

Tuesday, November 9, 2009

Cynthia Steer of Rogers Casey and George Hoguet from SSGA discuss the new asset class of choice - Emerging Markets

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Featured Web Seminars

Join Northern Trust experts in a conversation about monitoring and managing alternative asset risk in the context of today's market volatility and challenging liquidity environment.

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December 2, 2009 - 2:00 pm - 3:00 pm EST

Securities lending has emerged from the credit crisis with renewed focus on transparency and risk. Following increased review by regulators, the industry is preparing for further changes.

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Face to Face

111609 gray

Working the angles: Face to face with Roger Gray

The new CIO of USS discusses his plan to boost the pension fund's allocation to hedge funds and other alternative investments, taking cash out of public equities to fund the move to a "more liability-aware stance and a more diversified asset allocation."

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