Table of Contents
Issue Date: Monday, December 10, 2012
Corporate defined benefit plan sponsors seeking long-term pension funding relief could reap the benefits of federal government leaders' search for more revenue in tense fiscal-cliff negotiations.
Fifteen firms are being honored by Pensions & Investments as the Best Places to Work in Money Management.
Pension executives and other institutional investors are split between raising allocations to real assets or maintaining their allocations amid concerns about equity market volatility and inflation, a Pensions & Investments' survey shows.
Prospects of a continuing weak economy, unstable equity markets and low interest rates are upending traditional asset policy and will drive investors to raise allocations to real assets, said Bernard McNamara, executive director, global real assets, J.P. Morgan Investment Management Inc., New York.
Blackstone, KKR and other mega private equity firms are starting to spend large chunks of their capital on energy investments, a trend expected to heat up.
Global equity managers are beginning to increase their exposure to European stocks, suggesting that active opportunities in the asset class are multiplying even as an end to the eurozone crisis remains elusive.
Smart beta is cutting deeper into traditional passive strategies and displacing more actively managed portfolios, according to consultants, managers and pension fund executives.
Hedge fund and hedge funds-of-funds businesses are accounting for a more meaningful piece of the total assets managed by some of the largest multiasset money managers as well as their balance sheets.
Defined contribution plans aren't moving fast enough, far enough or comprehensively enough to add some best-practices features such as automatic enrollment and automatic escalation, according to a new survey of plan executives by the Defined Contribution Institutional Investment Association.
Emerging markets debt managers are looking to local currency bonds issued by African governments to boost returns and increase diversification as institutional investors pour money into the asset class.
Pension fund clients are fleeing Marathon-London — taking billions of dollars of assets with them — because of the anticipated departure of Jeremy Hosking, a founding partner of the global equity manager.
Alternative investment industry groups might be fighting a tax increase on carried interest, but secretly most general partners acknowledge that changing its treatment to match that of ordinary income won't have a huge impact on their businesses.
Denali Advisors LLC is at a critical juncture. Client terminations as well as value, quant performance woes hit manager.
IBM's change to a year-end corporate match payment from bimonthly for its 401(k) plan should save the company money, defined contribution experts said, but whether or how much the switch will affect participants' savings and investing activities is not clear.
P&I is honoring 15 firms as the Best Places to Work in Money Management.
P&I surveyed 135 asset owners and consultants on the significance and outlook of real assets in their portfolios or consultancies.
Across North America, states and provinces should consolidate thousands of smaller public pension plans, which often are run inefficiently because of insufficient resources for effective investment management.