Table of Contents

Issue Date: Monday, May 30, 2016

News

Manager assets dip in '15; markets, oil slide blamed

Manager assets dip in '15; markets, oil slide blamed

Volatile markets, declining oil prices and asset owners re-evaluating where to invest their capital pulled down money manager assets in 2015.

Quants throw tradition out the window

Quants throw tradition out the window

Quantitative equity firms this year are seeing their strongest inflows since the global financial crisis, and some managers predict their growing use of “big data” — or non-traditional data sources — could leave them better positioned than before to put hefty client allocations to work.

Investors take long view on Methuselah bonds

Investors take long view on Methuselah bonds

Methuselah bonds — so called in reference to the long life of their biblical namesake — are back in vogue in Europe, with eurozone governments spurred to issue amid a thirst for yield.

Deadlines extended for pair of P&I awards

Deadlines for Pensions & Investments' Best Places to Work in Money Management recognition program as well as the Excellence and Innovation Awards have been extended.

Execs hope for less-burdensome non-discrimination rules

Execs hope for less-burdensome non-discrimination rules

As Internal Revenue Service officials grapple with how to prevent employers from providing lopsided retirement benefits that discriminate in favor of higher-paid employees, plan sponsor advocates are holding their collective breath that regulators won't make it so complicated plan sponsors simply give up.

Some saying Greece could be the word

Some saying Greece could be the word

Greece is getting interesting from an investment perspective as the country makes further reforms, its banking sector gets set to access cheaper financing, and a new agreement with the country's creditors brings a little stability.

Managers set to cash in on infrastructure debt upswing

Managers set to cash in on infrastructure debt upswing

Money managers are bulking up on staff and resources, betting that infrastructure debt will be the next big new thing for investors searching for yield.

American Airlines 401(k)s flying high

American Airlines 401(k)s flying high

Eighteen months after completing a merger with US Airways, American Airlines Group Inc. rolled out two new 401(k) investment menus focusing on consolidation, customization and greater simplicity for its 120,000 participants.

CIT target-date funds enjoying steady growth

CIT target-date funds enjoying steady growth

Lower fees, greater flexibility in investment management and less complexity in plan management are bolstering the growth of collective investment trust-based target-date funds, industry observers and providers agree.

Investors see silver lining in  energy sector

Investors see silver lining in energy sector

Investors are stepping back into energy, but this time they are looking to capitalize on the industry's distress.

Trade allocation policies being scrutinized by SEC

Trade allocation policies being scrutinized by SEC

Large institutional money managers undergoing routine examinations from the Securities and Exchange Commission are now being asked to disclose their trade allocation policies.

Some hot on 'big data,' others not convinced

Some hot on 'big data,' others not convinced

“Big data” — the seemingly endless and fast-growing sea of digital blog posts, tweets, texts and pictures — is on every quant firms' radar screen, but it looms larger on some than on others.

Boardroom drama continues at Kentucky pension fund

Kentucky Retirement Systems has had controversy recently regarding its board following Gov. Matt Bevin's executive order removing Thomas K. Elliott as chairman.

Long-dated bonds also an active management play

Long-dated bonds also an active management play

Long-dated bonds might be attracting attention from institutional investors, but active managers also are taking advantage of the extra yield available.

Special Report

Video: 'There is consolidation taking place'

Video: 'There is consolidation taking place'

Casey Quirk's Justin White says to expect a shake out in the asset management industry as mid-size firms disappear.

Video: In-sourcing leading to asset manager outflows

Video: In-sourcing leading to asset manager outflows

Greenwich Associates' Davis Walmsley explains how in-sourcing is causing asset managers to lose sovereign wealth fund assets.

Online

Frontlines

Editorial

SEC does the right thing

SEC does the right thing

In the shareholder voting at Chipotle Mexican Grill Inc. on May 11, a shareholder proposal trounced a management proposal on the same issue: proxy access. The management proposal received 23.6% of the vote in favor, while the shareholder proposal received 57.3%, according to a company filing with the Securities and Exchange Commission.

Lift heavy hand off interest rates

With the Federal Open Market Committee meeting coming June 14-15, a decision is looming on whether it will resume its small incremental steps toward raising the federal funds rate and encouraging higher interest rates throughout the economy.