Table of Contents
Issue Date: Monday, October 14, 2013
Evolution and innovation will continue at a rapid pace, radically transforming institutional investment management by the time Pensions & Investments' 50th anniversary rolls around in 2023.
Credit managers are awash in cash from institutional investors, but markets aren't making it easy for them to put it to work, especially bigger bets.
Pension buyouts have been in a lull so far in 2013, but insurers and consultants expect a rush by corporate defined benefit plans in the next several years.
The political paralysis in Washington that shut down the federal government Oct. 1 and is bringing the U.S. within days of breaching its debt ceiling is taking a toll on institutional investors, from spiking short-term borrowing costs and market uncertainty to general frustration.
Under pressure from state lawmakers and groups representing minority and women-owned private equity managers, the $269.1 billion California Public Employees' Retirement System has launched a task force to address how it can better evaluate which emerging private equity firms to fund.
Industry insiders can't agree on what is driving the spate of mergers and acquisitions of private equity firms that invest on the secondary markets.
The $65 billion Korea Investment Corp. has added about $3 billion in alternatives investment this year, putting the sovereign wealth fund halfway toward its goal of lifting private equity, real estate and hedge fund allocations to 20% of its portfolio.
Executives at Goldman Sachs Asset Management, New York, want their firm be one of the largest players in defined contribution, and see stable value as the way to enter the industry in a big way.
The Vanguard Group Inc. has threatened to block future 401(k) trades by a group of Southwest Airlines pilots who subscribe to an investment newsletter, concerned that their large trades are hurting other shareholders.
Many of the largest college and university endowments are reporting returns in the low double digits for their fiscal year ended June 30, easily outperforming their year-earlier performance.
Clients of NEPC LLC are putting more than $125 million to work in an Asia-focused direct lending fund, following two years of research on the opportunity by the Boston-based investment consultant.
The landscape of institutional investing was beginning a transformation at the time Pensions & Investments published its initial issue in October 1973.
Ten years from now, the typical 70-year-old will still have foreign travel on his or her mind, but perhaps with a few new twists.
From the energy crisis of the 1970s to the financial crisis of 2008 to the ongoing pension funding crisis, the past 40 years have seen crises driving the invention of new ways to protect plan assets.
The names of most of the largest pension plans haven't changed that much in the past 40 years. Just about everything else has.
Each of the 10 largest asset managers today has more worldwide assets under management than the entire universe when Pensions & Investments was founded 40 years ago.
The history of U.S. pension legislation over the last four decades is largely one of playing catch-up.
Roughly 40 years ago it took an entire investment team the better part of a day to test out an investment model using a few slide rules and several sheets of paper. Now, the same task can be done by one investor on her phone while waiting to board her plane.
MFS Investment Management has closed its $46 billion core global equity strategy - a key to the firm's Asia-Pacific business - to new inflows from existing or prospective clients.
If alternatives are one answer to achieving better risk-adjusted returns for Korea Investment Corp., the more dynamic, tactical approach to asset allocation it adopted in 2012 is another effort that could make a growing contribution in coming years, said Dong-Ik Lee, chief investment officer.
Don't wait any longer; the deadline for entries in the 2014 Eddy Awards is only four days away.
Pensions & Investments is 40 and we are taking the opportunity to look back and ahead.
Pension funds 40 years ago, while in aggregate enormous by the standards of the day, were tiny by today's measures.
Waivers of fiduciary duty have gone to extremes in recent limited partnership agreements.
The August interruption in Nasdaq service is merely the latest example of the increasing instability of the U.S. equity market.