Table of Contents
Issue Date: Monday, September 2, 2013
Institutional investors and money managers say they are ready — more or less — for regulations on over-the-counter derivatives that become effective Sept. 9.
Five years after the collapse of Lehman Brothers Holdings Inc. sparked a global markets meltdown, institutional investors have a better handle on risk in their portfolios, but aren't necessarily better prepared for the next “black swan.”
Pensions & Investments and the University of Oxford are extending to Sept. 9 the deadline for asset owners, money managers and investment consultants to participate in a survey on the use of knowledge management by investment management firms.
A small but growing number of institutional investors are abandoning hedge funds in favor of their clones — hedge fund beta portfolios.
Oaktree Capital Group LLC has more than recovered from its disappointing IPO.
The defined contribution industry is fractured over the best way for plan executives to illustrate how accrued benefits can be converted into an estimated lifetime stream so plan participants don't outlive their savings.
Commercial real estate investing is preparing a shot in the arm as a result of the shift in delivery of health-care services from the Affordable Care Act.
A spate of recent glitches in trading markets is putting pressure on federal regulators to step in, and on institutional money managers to pay more attention to market infrastructure.
The $7.2 billion Arizona Public Safety Personnel Retirement System boosted its investment returns twice in two years by disregarding market-value real estate appraisals it commissioned and, instead, using higher hypothetical valuations from the firm managing the portfolio, PSPRS documents show.
Money managers registered strong returns as part of the U.S. government's toxic mortgage recovery program that began after the global financial crisis, closing out gains in the mid-20% range over the roughly three-year period, according to a report from the Treasury Department.
Solera Capital LLC made news last year when the 14-year-old private equity firm took portfolio company Annie's Inc. public in one of the hottest IPOs of the year.
Canadian institutional equity managers, pinched by client shifts from domestic equities and increased domestic competition for business, could also be facing competition from the country's large public pension funds.
Market veterans cite a variety of lessons to be gleaned from the global financial crisis. But they argue that for the most part those lessons either weren't learned or, if learned, are being applied less frequently as a low-yield market environment pushes investors further out on the risk curve.
Officials at the Florida State Board of Administration, Tallahassee, toughened their proxy-voting stand against compensation packages for CEOs and other top executives in the past year, while on proxy issues in general they raised their support for corporate boards and management.
Excerpts of some of the lifetime income topics for which the DOL sought public comment.
Assets of the world's largest 300 retirement funds increased by 9.8% in 2012, eclipsing the 1.9% growth rate from the previous year, according to an annual survey conducted by Pensions & Investments and Towers Watson & Co.
The Obama administration is using the federal government's financial clout to attempt to weaken public employee pension reforms passed last year by the state of California. In particular, it is holding up transit project funding for California to try to force state officials to dilute those reforms. This is unacceptable.
A draft proposal in Congress to change the taxation of financial products could affect pension funds and other tax-exempt institutional investors.
On Sept. 9, some $2 trillion in corporate defined benefit pension plan assets, affecting approximately 20 million plan participants, will be subject to new regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Investors have successfully employed style factor tilts for more than 40 years to improve on passive capitalization-weighted equity portfolios. Empirical studies of popular style tilts like value, small size and momentum repeatedly have been shown to outperform benchmarks across most global markets.