Table of Contents

Issue Date: Monday, August 24, 2015

News

Insurers increasingly sending assets outside

Insurers increasingly sending assets outside

The amount of U.S. insurance company assets invested by external money management firms has grown at a steady clip since 2011, as insurers look for managers that can offer specialized investment strategies to boost their returns.

Currency turmoil a conundrum for investors

Currency turmoil a conundrum for investors

The strengthening U.S. dollar, diverging central bank policy and a continued search for returns have pension fund executives grappling with both sides of the coin when it comes to currency.

Managers courting new client base

Managers courting new client base

Alternative investment firms are kicking into high gear their efforts to attract retail dollars as they look to diversify into new, and less demanding, sources of capital.

More fallout likely after China's renminbi move

More fallout likely after China's renminbi move

China's Aug. 11 decision to give markets a bigger role in setting the renminbi's value against the dollar hasn't led to the currency war some feared, but it sets the stage for a pickup in capital markets volatility in Asia that could ultimately benefit managers of active investment strategies.

Gaps remain in perception of cyber threats

Gaps remain in perception of cyber threats

Efforts by defined contribution and other employee benefit plans to improve cybersecurity appear to reflect a paraphrase from former Defense Secretary Donald Rumsfeld: They don't know what they don't know.

Canadian managers looking south for expansion

Canadian managers looking south for expansion

Canadian institutional money managers, armed with lots of capital, have an appetite for acquiring their U.S.-based counterparts.

Institutional investors a big factor in Claren Road exodus

Institutional investors a big factor in Claren Road exodus

Institutions are prominent among the investors that will have collectively reduced hedge fund assets managed by Claren Road Asset Management LLC by 75% in the year ending Sept. 30.

EBRI begins leadership transition

EBRI begins leadership transition

Harry Conaway, named last week as CEO of the Employee Benefit Research Institute, Washington, has a tough act to follow, but industry experts believe he will be up to the task.

WHV Investments sees assets plunge by nearly half in 2 years

WHV Investments sees assets plunge by nearly half in 2 years

WHV Investments Inc.'s assets under management have plummeted to $6.8 billion as of June 30, down 48% from two years earlier.

DOL moving forward on fiduciary rule

Labor Department officials are determined to produce a new standard of fiduciary duty for anyone giving retirement investment advice, once they process concerns raised in thousands of comment letters and four days of hearings on their proposal.

Active managers launch new ETFs to satisfy demand

More active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.

'Smart beta' term stays, but investor interest divided

Despite reluctantly accepting the phrase“smart beta” to define alternatively weighted index investing, U.S. institutional investors remain divided on how and when to embrace these strategies and products, particularly exchange-traded funds, in their investment allocations.

China devaluation weighs on local currency bonds

China devaluation weighs on local currency bonds

China's currency devaluation might extend the current two-year stay in the penalty box for local currency bonds, the biggest segment of the emerging markets debt opportunity set, but growing interest in unconstrained fixed-income strategies could leave portfolio managers better positioned to buy them again when the current headwinds subside.

Working with a world view

Alternative investment firms' push for retail clients is a global one.

Retailers' property purges will pump up deal flow

Retailers' property purges will pump up deal flow

Rising commercial real estate prices are enticing more retailers, including Macy's and Sears, to sell their properties, creating a growing source of real estate deal flow.

Important questions to ask current providers, in RFPs

Defined contribution plan executives must ask many questions of service providers about the scope of their cybersecurity policies and practices. The questions should be asked not only of current providers but also when issuing RFPs, according to 401khelpcenter.com.

DOL moving forward on new fiduciary standard

DOL moving forward on new fiduciary standard

Labor Department officials are determined to produce a new standard of fiduciary duty for anyone giving retirement investment advice, once they process concerns raised in thousands of comment letters and four days of hearings on their proposal.

Active managers launching ETFs to satisfy demand

Active managers launching ETFs to satisfy demand

More active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.

Indiana law lets municipalities establish foundations

Indiana law lets municipalities establish foundations

A new law in Indiana could turn into a windfall for money managers.

Corrections

Frontlines

Editorial

Tax's excessive expectations

Tax's excessive expectations

As part of their presidential nomination campaigns, Bernie Sanders and Martin O'Malley both have proposed a financial transaction tax, designed to tap a lucrative source of revenue and target trading abuses on Wall Street.

Other Views

Undoing ill-advised guidance to improve fiduciary standards

Undoing ill-advised guidance to improve fiduciary standards

How the Department of Labor interprets fiduciary duty is getting a lot of attention these days.

Momentum building on climate risk

Corporate, fiduciary trust and securities laws are emerging as critical drivers of action on climate change by asset owners and other institutional investors.

Letters to the Editor

Tradewatch

People Moves