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.
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.
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.
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.
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.