Table of Contents
Issue Date: Monday, June 9, 2014
The increasingly blurry lines between alternative investment classes — as well as between those investments and traditional stocks and bonds — have some managers predicting the term “alternative investments” will no longer exist.
Vanguard jumped past Fidelity to become the largest manager of U.S. defined contribution assets, a post Fidelity had held since 1998.
Officials in nearly every state are considering implementing shared-risk public pension plan designs that help mitigate funded status volatility and investment and longevity risks.
Three academics have identified a market structure they contend would enhance liquidity and stability, overcoming detrimental impacts to investors of high-frequency trading.
Significant demand for insurance-linked securities, in particular catastrophe bonds, has driven down yields and taken some of the luster off the once-shining beacons of uncorrelated assets in a pension fund's investment portfolio. But all is not lost.
Private equity general partners, spurred by a speech by the SEC's chief of compliance inspections, are reviewing fee practices they had not specifically disclosed to limited partners.
New Zealand Superannuation Fund's investment team is working to bring as much science as possible to the art of profiting when capital markets deviate from fair value.
PBGC guidance on how agency officials enforce pension liability rules cannot come soon enough for some pension plan sponsors and their advocates.
Mark Fawcett, the man at the helm of investment at what could becomethe U.K.'s biggest defined contribution plan, is looking closely at potential shifts in asset allocation - including expanding its roster of investments.
David Neal, chief investment officer of Australia's A$97.6 billion (US$90.6 billion) Future Fund, says his fund's absolute-return focus, unfettered by fixed strategic asset allocations or benchmark constraints, could help it clear a challenging return hurdle over the coming decade.
Turner Investments LP, suffering from poor performance and client and staff defections, has lost 74% of its assets from its peak in 2010. But Stephen J. Negrotti, the Berwyn, Pa.-based money manager's new president and CEO, has a plan to pull the firm out of its tailspin.
Future Fund Chief Investment Officer David Neal has advice for any asset owners contemplating the kind of absolute-return-focused dynamic asset allocation strategy his fund is pursuing: If there’s too big an asymmetry in market knowledge and information between the investment team and the board of trustees, don’t even think about it.
The National Employment Savings Trust, London, should be “a catalyst for innovation” within the retirement plan industry, said Mark Fawcett, chief investment officer.
A wrapup of 2013 chief executive compensation at publicly traded U.S. corporations.
Blending of asset classes rewrites rules, puts everything up for grabs.
The number of private-sector employees without pension coverage — about half — has become an issue of concern at the state and federal levels.
Tontines are investment vehicles that could replace large pension plans, public or private, or those of smaller employers, and could be used to provide retirement income for participants.