Table of Contents
Issue Date: Monday, February 20, 2017
Risk-parity strategies are emerging relatively unscathed from the Donald Trump era's initial spike in Treasury yields, a market move some had seen as a potential Achilles' heel for portfolios with leveraged bond exposures.
Water is the new carbon for institutional investors and money management firms across the globe, as risks and opportunities arising from water scarcity climb up the risk agenda.
Executives at pension funds, money management firms and consultants are increasingly focused on cash flows, as defined benefit plans mature and face the prospect of having to sell assets to satisfy cash calls.
States and local governments hit a major roadblock, after the U.S. House of Representatives approved resolutions blocking Department of Labor safe-harbor rules for their private-sector retirement savings programs.
Blackstone's up to $4.8 billion acquisition of a majority interest in Aon's benefits administration and human resources unit has some industry insiders wondering what the giant alternative investment firm would want with a business as low margin as U.S. defined contribution record keeping.
Companies that once swallowed up DC record keepers and other benefits businesses to diversify, expand and increase shareholder value are now regurgitating them to consolidate — again to increase shareholder value.
Money managers and asset owners won't necessarily be getting a break from complying with a March 1 deadline to post mark-to-market margin on some over-the-counter derivatives.
The hedge funds-of-funds industry is contracting yet again with a merger of two big institutional players, a move that has some industry observers scratching their heads.
Money managers are shaving fees well in excess of 10% in order to secure the business of local government pension schemes that are in the midst of consolidating about $266 billion into eight asset pools.
The spate of money managers either launching or buying stakes in robo-advisers over the past few years is a sign that the retail and wealth management industry is becoming more automated and reliant on artificial intelligence.
Investors are paying close attention to SoftBank's pending $3.3 billion acquisition of Fortress Investment to see if it sparks a privatization trend among publicly traded alternative investment firms.
As the April 10 deadline approaches for implementation of the Department of Labor's fiduciary rule, some members of the defined contribution industry are forging ahead with compliance strategies while others are holding off.
With R. Alexander Acosta nominated to be the next secretary of labor, some industry experts are watching to see how he might affect recent efforts to delay the Department of Labor's fiduciary rule.
Although cash flows in aggregate are generally moving toward a negative position across the globe, individual markets deal with the issue in different ways.
P&I Daily will not be published Monday, Feb. 20, in observance of Presidents Day. Publication will resume Tuesday, Feb. 21.
The flood of cheap money unleashed by central banks' quantitative easing efforts to combat the global financial crisis has only added to the pressures that corporate, as well as public, plan sponsors face.
There is reason to celebrate financial engineering, which combines finance, investment management, high-level mathematics and computer programming science.