Table of Contents

Issue Date: Monday, July 25, 2016

News

Emerging markets garnering fresh look

Emerging markets garnering fresh look

The stars seem to be realigning for emerging markets in a world where investors are hungry for yield, developed countries are looking altogether more unpredictable, and central banks are becoming increasingly accommodative.

Retirement security at top of wish lists for next president

Retirement security at top of wish lists for next president

No matter who wins the White House in November, the next administration will have to do more to advance retirement security, a number of experts said.

New leader at PIMCO was in right place at right time

New leader at PIMCO was in right place at right time

Emmanuel Roman's appointment as the new CEO at PIMCO wasn't planned, or that's what officials of the money management firm are saying.

CalSTRS moving toward low-carbon diet

CalSTRS moving toward low-carbon diet

The California State Teachers' Retirement System's commitment to invest $2.5 billion in a low-carbon index strategy is part of a larger plan to invest its stock portfolio in companies with more sustainable business practices.

Risk-parity managers seeing promise in China

Risk-parity managers seeing promise in China

Risk-parity managers have been planting their flags in China this year, and some observers expect volatility-battered investors on the mainland to prove receptive to the strategy's promise of steady, superior risk-adjusted returns.

Real estate investors are slowly tiptoeing back into Brazil

Real estate investors are slowly tiptoeing back into Brazil

Real estate managers are returning to Brazil, albeit cautiously.

Passive ESG strategies get more sophisticated

Passive ESG strategies get more sophisticated

Institutional investors are realizing they can do what's good for their assets, their budgets and their consciences all at the same time, as the integration of environmental, social and governance factors into their passive allocations becomes increasingly sophisticated.

Commodities have some investors saying no

Commodities have some investors saying no

Institutional investors are wondering whether investing in commodities is worth the trouble, as the asset class has suffered an annualized return of -6.46% in the 10 years through June 30.

Company stock scorching oil industry 401(k) plans

Company stock scorching oil industry 401(k) plans

Falling energy prices and sinking stock values in 2015 took a bite out of some 401(k) plans of oil-industry companies that offer company stock, especially those that had heavy concentrations of the investment option, a Pensions & Investments' analysis shows.

Technology could keep commodity returns at low end of spectrum

Technology could keep commodity returns at low end of spectrum

Technological advancements are having an impact on commodity investment, which could keep returns relatively low as production increases.

Malaysia's KWAP faces diversification challenges

Malaysia's Kumpulan Wang Persaraan pension fund for public officials, the country's second largest retirement fund with 120 billion ringgit ($29.8 billion) in assets, is pushing ahead with its efforts to become a diversified global investor despite increasingly difficult market conditions at home and a temporary political hold on the fund's overseas ambitions.

17 Visium portfolio managers hired for new Citadel strategy

Citadel LLC will hire 17 portfolio managers from hedge fund manager Visium Asset Management for its fourth and newest equity strategy, Aptigon Capital.

P&I Eddy Awards entries sought on education efforts

P&I Eddy Awards entries sought on education efforts

Pensions & Investments is kicking off the 2017 Eddy Awards, putting the spotlight on plan sponsors and service providers that exhibit best practices in offering investment education to defined contribution plan participants.

Vanguard's active side

While touted for its passive management, Vanguard manages more than $1 trillion in active assets.

P&I editorial team gets kudos in contests

Pensions & Investments' 2015 editorial and design work has been recognized in two business publication contests, with the newspaper taking home nearly a dozen awards.

Data, analytics grow in importance amid slow markets — report

Data, analytics grow in importance amid slow markets — report

Money managers' future success will soon depend on significantly increasing their capabilities in advanced data and analytics at a time when market growth is not a given, a report from Boston Consulting Group said.

Fee-conscious smaller institutions see new avenue

Fee-conscious smaller institutions see new avenue

The largest institutional investors tend to access separate accounts and commingled trusts for low-cost indexing of stocks and bonds.

Special Report

Special report on commodities

Special report on commodities

Backers say commodities misunderstood, but cyclical nature isn't winning many fans.

Features

P&I Eddy Awards entries sought on education efforts

P&I Eddy Awards entries sought on education efforts

Pensions & Investments is kicking off the 2017 Eddy Awards, putting the spotlight on plan sponsors and service providers that exhibit best practices in offering investment education to defined contribution plan participants.

Online

Frontlines

Editorial

Making the 5500 more useful

Making the 5500 more useful

The Department of Labor, on July 11, proposed changes to Form 5500, the annual report of private-sector em­ployee benefits plans that is required of corporations and other plan sponsors regulated under the Employee Retirement Income Security Act.

Facing prices that reflect a worse future

The global market currently believes the financial outlook will get worse, in both the short term or the next 10, 30, 50 years.

Other Views

Congress must address public pension plan unfunding

Congress must address public pension plan unfunding

According to an April 2014 Gallup poll, 59% of Americans worry they won't have enough money for retirement. As someone who researches and analyzes government financials, I worry about retirement benefits — especially pensions — that governments have promised to their employees, including teachers.

Banks need to respond faster on climate

Banks need to respond faster on climate

If there is one thing most banks can agree on, it's that very few like uncertainty. For many years, banks have also been claiming that it is uncertainty, especially on the direction of global regulation, that has prevented them from acting decisively on climate change. However, things have changed.

Letters to the Editor

World News

Risk-parity managers seeing promise in China

Risk-parity managers seeing promise in China

Risk-parity managers have been planting their flags in China this year, and some observers expect volatility-battered investors on the mainland to prove receptive to the strategy's promise of steady, superior risk-adjusted returns.

Real estate investors are slowly tiptoeing back into Brazil

Real estate investors are slowly tiptoeing back into Brazil

Real estate managers are returning to Brazil, albeit cautiously.

Risk-parity managers say they can live with bond bear market

Chinese investors could be set to take their first serious look at risk parity just as the end of a multidecade bull market in sovereign bonds threatens to undermine the strategy's potential returns.

Malaysia's KWAP faces diversification challenges

Malaysia's Kumpulan Wang Persaraan pension fund for public officials, the country's second largest retirement fund with 120 billion ringgit ($29.8 billion) in assets, is pushing ahead with its efforts to become a diversified global investor despite increasingly difficult market conditions at home and a temporary political hold on the fund's overseas ambitions.

Real estate portfolios won’t get boost from Olympics

Real estate portfolios won’t get boost from Olympics

Investors shouldn’t expect the drama of the Olympic Games that run Aug. 5-21 in Rio de Janeiro to boost their global real estate portfolios, industry insiders say.

People Moves