Table of Contents

Issue Date: Monday, April 17, 2017

News

Managers losing faith over Trump policy promises

Managers losing faith over Trump policy promises

Investors are taking heed of the 'Trump gap' — a measure of President Donald Trump's campaign promises vs. implemented reforms — and are starting to adjust accordingly.

Fees fall along with performance; how much is hard to tell, exactly

Fees fall along with performance; how much is hard to tell, exactly

Some large institutional investors didn't pay high fees for hedge fund investments in 2016, but the result came at the cost of returns.

Majority of public firms' CEOs see 2016 pay drop

Majority of public firms' CEOs see 2016 pay drop

Eight of 11 publicly traded asset managers or firms with asset manager divisions, reporting so far, cut total CEO compensation in 2016 from the previous year.

Fees, lawsuits top issues for sponsors, consultants

Fees, lawsuits top issues for sponsors, consultants

Fees and lawsuits remain big concerns for defined contribution plan executives and consultants even as plan costs have fallen in recent years.

Delay seen as making DOL fiduciary rule more likely

Delay seen as making DOL fiduciary rule more likely

As a drawn-out battle over a new fiduciary standard comes to an end, for now, plan sponsors see an opportunity to do more for plan participants.

Smart beta ETFs gaining traction

Smart beta ETFs gaining traction

With exchange-traded fund usage on the rise, ETF providers say the growth of smart beta has also been a boon.

ETF interest rises among managers in Europe, but still a hard sell

ETF interest rises among managers in Europe, but still a hard sell

ETF providers say they're seeing increased interest and allocations from institutional investors and money managers, driven by several factors, including a move to smart-beta strategies.

High-net-worth market provides Cambridge Associates a door to Asia

High-net-worth market provides Cambridge Associates a door to Asia

Cambridge Associates anticipates strong business growth in an Asia-Pacific market where endowments and foundations are pretty rare.

 Nikko Asset Management builds on advances at home to target overseas clients

Nikko Asset Management builds on advances at home to target overseas clients

Nikko Asset Management’s goal of becoming more relevant to overseas investors remains a work in progress, but the Tokyo-based manager’s domestic business has been picking up steam, the firm’s top executive said.

Research could be next for trading floor

Research could be next for trading floor

Pending regulations and calls for fee transparency could result in research being bought and sold on an exchange.

Hospital's retirement plan makeover just what the doctor ordered

Hospital's retirement plan makeover just what the doctor ordered

Glen Falls Hospital makes big changes to 403(b) plan to lower costs, increase plan choices and improve the retirement plan's design.

Tax reform uncertainty testing alternative investors

Tax reform uncertainty testing alternative investors

Uncertainty abounds as alternative investment managers have questions about potential tax reforms, but no answers.

Local public pensions debate pros, cons of joining state systems

Local public pensions debate pros, cons of joining state systems

The debate over whether county and municipal pension plans should join their state systems is heating up.

State Street CEO sees custody 'arms race'

State Street CEO sees custody 'arms race'

Global custody firms are engaged in a data analytics “arms race,” with the battle likely to favor those that can give clients an edge in managing their investment portfolios.

Bond problems possible over South Africa woes

Bond problems possible over South Africa woes

Institutional investors and money managers could become forced sellers of South African bonds, as the reality of the country's downgrade by credit rating agencies sets in.

Special Report

Balance Sheet: The funded status of corporate pension funds 2017

Balance Sheet: The funded status of corporate pension funds 2017

Constrained by low discount rates, the average funding ratio of the 100 largest U.S. corporate defined benefit plans fell again in 2016.

Riskwatch: April 17, 2017

Riskwatch: April 17, 2017

RiskWatch provides recent data on volatility and correlation, the two components of risk, for U.S. and global equity and fixed-income markets.

Online

Frontlines

Editorial

The Lifetime Income Disclosure Act: A simple idea that isn't so simple

The Lifetime Income Disclosure Act: A simple idea that isn't so simple

The Lifetime Income Disclosure Act, sponsored by Washington lawmakers, seems like such a good, simple idea. But the devil is in the details, which have yet to be worked out.

AI? It's not sci-fi anymore

AI? It's not sci-fi anymore

Artificial intelligence has caused most of job losses in U.S. manufacturing over the past decade, could the investment management industry be next to feel AI's impact on employment?

People Moves