Table of Contents

Issue Date: Monday, August 18, 2014

News

Asset owners mull tightening control  on trade execution

Asset owners mull tightening control on trade execution

Asset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are considering directing their managers to avoid specific venues.

Fortress puts its spin on private-public conversion

Fortress puts its spin on private-public conversion

When Fortress Investment Group LLC takes its private equity infrastructure fund public - expected as early as year's end, the alternative investment firm will provide limited partners instant liquidity.

Some perceive warning signs in secondaries

Some perceive warning signs in secondaries

A huge number of exits, and the record amount of dry powder secondary investors hold, are driving up private equity secondary market prices, raising concerns about what the future holds.

New effort puts focus on Africa

Institutional investment into Africa is set for a boost due in part to a new task force that will work to encourage capital flows into infrastructure projects in the region.

Start putting together those Eddy Award entries

Start putting together those Eddy Award entries

Summer is almost over, so it's time to think about applying for the annual Eddy Awards sponsored by Pensions & Investments.

AllianceBernstein sees rebuilding efforts paying off

AllianceBernstein sees rebuilding efforts paying off

AllianceBernstein LP appears to have dug itself out of the hole it's been in since the global financial crisis, reporting its highest quarterly institutional net inflows during its second quarter since 2007.

SEC ruling expected in Timbervest case

SEC ruling expected in Timbervest case

An SEC administrative law judge is scheduled to rule this week on whether institutional timber manager Timbervest LLC's violated securities laws and order firm officials to pay more than $15 million in disgorgement payments and interest.

Some target-date funds are boosting equities

Some target-date funds are boosting equities

Several target-date fund providers raised the equity components of their glidepaths, saying their research shows participants have a slightly higher risk tolerance than in the years immediately after the economic crisis.

BMO filling European gap with F&C

BMO filling European gap with F&C

Bank of Montreal's acquisition of F&C Asset Management will help build a link from its money management subsidiary in North America to the other side of the Atlantic, nearly 150 years after the firms' paths first crossed.

North Carolina revs up internal management

North Carolina revs up internal management

As North Carolina Retirement Systems officials celebrated reaching $90 billion in assets this month, they also prepared to look more like their peers when it comes to internal asset management.

Hedge fund investing strong in 2014

As institutional investment in hedge funds matures, most investors have been busy starting, growing, optimizing and fine-tuning their hedge fund portfolios.

High-yield strategies continue their streak in the top 10

High-yield strategies continue their streak in the top 10

High yield continued its dominance on the list of top-performing fixed-income managers in the year ended June 30, according to Morningstar Inc.'s separate account/collective trust database.

Energy strategies on rise while small-cap growth wanes

Energy strategies on rise while small-cap growth wanes

The top performing domestic equity strategies for the year ended June 30 were all over the map.

Benefit and future of non-transparent ETFs uncertain

Pressure is building behind the dam to release a new kind of exchange-traded fund into the world, yet many observers continue to ask: “Who benefits?”

Risk parity examined

A recent study of U.S. market data from 1970 to 2014 by 1741 Asset Management found that a simple risk-parity strategy can pay off.

Special Report

Top-performing money managers: Q2 2014

In fixed income high-yield continues to dominate, but in equities small-caps starts to fade as energy climbs.

Online

Frontlines

Editorial

Challenges of cybersecurity

Challenges of cybersecurity

Trustees and other fiduciaries overseeing large asset pools face increasing challenges from cybersecurity risk, and must strengthen their risk management and preparedness to deal with these potential threats.

Shareholders deserve directors' attention to duties

Shareholders deserve directors' attention to duties

Institutional shareholders should demand Coca-Cola Co. ask Richard M. Daley to step down as director or explain why, in the face of a personal challenge, he should stay as a member of the company's board.

Other Views

A new DC plan to replace current patchwork system

Our nation needs to replace its existing retirement system — now.

An asset owner meets challenges of cost, performance

In reaction to criticism of costs and performance, Karl Koch, chief investment officer of the $27.65 billion Iowa Public Employees' Retirement System, Des Moines, posted on its website the following response on the use of active and passive investment management as well as performance and fees. The commentary is adapted by P&I from his two postings.

Tradewatch

People Moves