Table of Contents
Issue Date: Monday, December 9, 2013
Twenty-five organizations — including 11 repeat winners — have been named to Pensions & Investments' second annual list of the Best Places to Work in Money Management.
In the last two weeks, Canyon Capital Realty Advisors has lost three top executives, triggering key-man provisions giving investors the ability to take control of the manager's investment funds.
More closed corporate defined benefit plans may have been frozen this year because the IRS has not released guidance on how employers could avoid failing non-discrimination testing in closed plans.
The Detroit bankruptcy ruling on Dec. 3 has turned into the “new shot heard round the world” for both pension plan participants and municipalities saddled with pension debt and trying to stay afloat.
Best Places to Work honorees have shown strong asset growth and impressive long-term alpha generation.
President Barack Obama's lifting of some economic sanctions on Iran has triggered reviews by public pension funds and specialty consulting firms on prohibitions on investing with companies doing business in the country.
Hedge fund branding is increasing as institutional investors' presence within hedge funds' client bases is forcefully nudging even the most tight-lipped firms to open up and explain what they do.
The Teachers' Retirement System of the State of Illinois, Springfield, more than doubled the hedge fund-of-funds assets managed by Grosvenor Capital Management LLC to $998 million, terminating K2 Advisors LLC.
Alternative investments — particularly private equity — were massively popular with institutional investors this year, continuing a trend that has endured at least three years.
Consolidation among alternative fund administrators is expected to continue over the next several years, which sources say will mean higher costs for asset owners in the short term. But some say in the long run, costs could decrease.
Big institutional investors around the globe are cooperating and collaborating on investment ideas to an ever-greater extent as they seek better control over, and returns from, their portfolios.
CalPERS is attempting to increase allocations to infrastructure investments and timber, assembling what is believed to be the largest infrastructure investment staff among U.S. pension funds.
Sophie Baker has joined Pensions & Investments as London bureau chief.
Twenty-five organizations — including 11 repeat winners — have been named to Pensions & Investments’ second annual list of the Best Places to Work in Money Management.
The Department of Labor's intervention seeking a U.S. Supreme Court hearing on the responsibilities of fiduciaries concerning company stock as an investment option in defined contribution plans might lead to better guidance on a long-standing exception to the diversification rules of the Employee Retirement Income Security Act.