Table of Contents

Issue Date: Monday, January 25, 2016

News

Index breakouts of real estate securities called good news for investors

Index breakouts of real estate securities called good news for investors

The decision by two major stock index providers to break out real estate securities into a separate sector could, in the long term, benefit investors by dampening real estate stock volatility and pushing up valuations.

Multistrategy hedge funds ruled roost in 2015

Multistrategy hedge funds were the industry's darling in 2015, accounting for about 84% of net inflows across all strategies, supported by rising investment by institutional investors.

Legg Mason goes big on alternatives acquisitions

Legg Mason goes big on alternatives acquisitions

Legg Mason Inc. agreed to deals involving three firms spanning real estate, hedge funds and exchange-traded funds.

Returns diminish in challenging year for pension funds worldwide

Returns diminish in challenging year for pension funds worldwide

In a year of exciting macroeconomic and market situations — with unprecedented monetary policy, the return of volatility, and the bottoming out of the commodities supercycle — one would be forgiven for expecting great things from pension fund investment returns in 2015.

Managers burned by plunging price of oil

Managers burned by plunging price of oil

Global money managers are losing some of their most reliable client assets as the stubbornly low oil price continues to take a toll on the world's largest sovereign wealth funds.

Initiatives for private-sector retirement moving to states

Initiatives for private-sector retirement moving to states

As the Department of Labor sifts through comments on a proposal to allow states to set up their own retirement savings programs for some private-sector workers, the action now shifts to the states where legislative sessions are underway.

Cost, complexity cited for the lackluster use of managed accounts

Cost, complexity cited for the lackluster use of managed accounts

The growth in participants using managed accounts in defined contribution plans and the amount of assets being invested in them hasn't matched the growth of sponsors' adding these services.

Singapore moving carefully on reforms

Singapore moving carefully on reforms

Analysts expect Singapore's S$293.9 billion ($204 billion) Central Provident Fund to announce modest reforms on members' investment options over the next month or so, even as some contend the fast-aging city-state's policymakers may need to do more to bolster retirement security.

Asian policymakers working to forestall retirement flood

Asian policymakers working to forestall retirement flood

Policymakers in Asia are moving to shore up their countries' retirement systems, but not necessarily quickly enough to get in front of the demographic tidal wave threatening much of the region.

SEC rules could cut number of alternative trading systems

SEC rules could cut number of alternative trading systems

Proposed SEC regulations to require more transparency for dark pools and other alternative trading systems, if approved, could lead to contraction in the now-fragmented equity trading landscape.

No regulatory holiday likely for managers

No regulatory holiday likely for managers

Last year's busy regulatory agenda for money managers is likely to be eclipsed in 2016, as multiple regulators focus on shared priorities including cybersecurity and money laundering.

Golden years

While energy is a key driver of commodity investments, gold is a large component and key diversifier of passive commodity portfolios.

New Jersey lawmakers make move for pension contribution stability

New Jersey lawmakers make move for pension contribution stability

The New Jersey Legislature has taken the first step to place before voters in November a proposed constitutional amendment that would provide consistent state payments each year to the $79 billion New Jersey Pension Fund, Trenton.

P&I expands global conference footprint

P&I expands global conference footprint

Pensions & Investments acquired the WorldPensionSummit and WorldPensionSummit Africa Special platforms, in an expansion of its existing global conference business.

Being nimble helped hedge fund managers during a 'treacherous' 2015

Being nimble helped hedge fund managers during a 'treacherous' 2015

How did multistrategy managers make money in their hedge funds in 2015, widely considered one of the most difficult of recent years in which to produce positive returns?

Special Report

Asian retirement systems

Asian retirement systems

Countries face challenges to meet growth of over-65 demographic.

Riskwatch: Jan. 25, 2016

Riskwatch: Jan. 25, 2016

Asia risk poses challenges, Axioma finds.

Frontlines

Editorial

CCO scrutiny must be fair

CCO scrutiny must be fair

The Securities and Exchange Commission must walk a fine line in applying closer scrutiny to chief compliance officers at investment management firms.

Reassurance needed over market volatility

Defined contribution plan sponsors, and their plan administrators, must reach out to participants to ease their concerns about the current market volatility.

Other Views

After-hours news releases hurt stock owners

In the last quarter of 2015, the largest 100 companies by market capitalization announced news they deemed material enough to file Form 8-Ks for 493 times. The timing of all of those announcements was within the control of the issuer, and 82% of them were filed either before 9:30 a.m. or after 4 p.m. Eastern time, outside of market hours.

Fiduciary duty fiasco is national disgrace, and investors pay price

If there were ever an issue around which to close ranks and address the great divide between Wall Street and Main Street, it is addressing the crisis in fiduciary duty. The festering debate on fiduciary duty has been nothing short of a national disgrace with investors getting the short end of the stick.

People Moves