Table of Contents
Issue Date: Monday, August 4, 2014
The growing popularity of direct investment and co-investment in private equity and private equity real estate is threatening to change the general partner-limited partner relationship.
CalPERS is ending its unique experiment as the sole limited partner of Health Evolution Partners Inc., a private equity firm that focuses on health-care companies.
Solvency II is reaching far beyond its European Union origin, placing capital constraints on insurance asset allocation globally just as the low-yielding environment is pushing the boundaries of portfolio diversification.
A growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.
Although Martin Currie Ltd. has been struggling with underperforming strategies and plummeting assets, Legg Mason Inc. executives saw the Edinburgh-based boutique as the ideal firm to help expand Legg Mason's active non-U.S. equity capabilities.
Most publicly traded money managers reported higher earnings in the second quarter, as rising equity markets increased overall assets.
Singapore's GIC Pte Ltd. has made a growing number of small-scale private equity investments this year, each amounting to between two and three basis points of the sovereign wealth fund's estimated portfolio size.
Three major financial centers in Europe have it. Four major financial centers in Asia also have it. But the U.S. is yet to be awarded a quota that will allow money managers to market and invest offshore in the China securities markets.
More money managers that started life as insurance-company investment units are making a concerted effort to grow their in-house capabilities to increase the ratio of third-party assets.
Equity strategies that provide systematic exposure to factors such as value, size and momentum are helping redefine “alpha” in a way that will raise the bar for managers commanding active fees, contends a senior executive with MSCI Inc.
The changing landscape in transition management and the desire for increased returns on cash have generated new interest in a longtime offering — overlays. The changing landscape in transition management and the desire for increased returns on cash have generated new interest in a longtime offering — overlays.
Double-digit returns appear to be the norm for pension funds reporting for the year ended June 30, driven by strong equity markets.
New rules governing money market funds provide a quantum of solace but also a dose of uncertainty to defined contribution plan executives managing capital appreciation options.
An updated look at nuclear decommissioning trust funds.
Bolstered by a soaring stock market, defined contribution assets under management climbed to $5.19 trillion last year, a 21.1% increase over the previous record of $4.28 trillion in 2012.
The Securities and Exchange Commission made the right decision in exempting defined contribution plans — but not defined benefit plans, foundations, endowments and other asset owners — from its new rule requiring the share values of institutional prime money market funds to fluctuate based on market price changes.
A series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made in the way the federal pension insurance system is governed and financed, there is a heightened risk that taxpayers will be called upon to bail out the system within the next decade.
It's no secret the U.S. retirement system needs to evolve, but this year we are seeing an unprecedented perfect storm.