Table of Contents

Issue Date: Monday, September 18, 2017

News

Investors seeing big promises from secondary market

Private Equity

Private Equity

The private equity secondary market has become a white-hot investment sector, with managers raising record amounts of capital.
Lack of guidance putting institutions at end of line

Special report: CYBERSECURITY

Special report: CYBERSECURITY

Though somewhat lagging in the fight for cybersecurity, institutional investors are waking up to the importance of keeping data safe against hackers.
Canadian plans answer staff dilemma

ALTERNATIVES

ALTERNATIVES

Canadian pension plans have a leg up on U.S. counterparts when it comes to compensating private equity direct investments staff.
Pressure building on Westpac to sell infrastructure unit Hastings​

MONEY MANAGEMENT

MONEY MANAGEMENT

Westpac's delay in finding a suitable owner for its Hastings' infrastructure unit has prompted one big client's defection and raised fears of another.
Expanded fiduciary law in Nevada could have wider impact

LEGISLATION

LEGISLATION

A new Nevada law increases fiduciary responsibilities, bringing praise and criticism.
Now that T+2 is here, some ready for even shorter cycle

TRADING

TRADING

The success of reducing the settlement cycle in the U.S. to T+2 has some people wondering if there could be a further reduction.
New York State Teamsters pension fund cuts approved
New York State Teamsters Conference Pension and Retirement Fund, Syracuse, will implement a benefit reduction plan on Oct. 1, following a participant vote posted on the Treasury Department website...
Pension funds, managers avoid large disruptions from Hurricane Irma
Hurricane Irma has created some headaches for pension plans and money managers in South Florida, but emergency preparedness has prevented too much disruption.
Bridgewater's Dalio talks life, work in new book
Institutional investors play a prominent role in "Principles," Raymond T. Dalio's new book about his life and work as the founder, co-chief investment officer and co-chairman of Bridgewater...
Townsend sale a tale of the times

CONSULTANTS

CONSULTANTS

Aon's pending acquisition of The Townsend Group highlights the pressures facing specialty consultants.
High valuations scare investors seeking return

Investing

Investing

Money managers fret about valuations, but agree they need to remain risk-on in order to satisfy investors' thirst for returns.
Bumpy ride seen for CalPERS proposal

Private Equity

Private Equity

The giant California Public Employees' Retirement System is mulling new approaches to private equity investing.
U.K. corporate plans waking up to benefits of target-date funds

Defined Contribution

Defined Contribution

U.K. corporate retirement plans are turning to target-date funds in the wake of pension freedoms adopted in 2015.
One manager's sketch of firm's cybersecurity effort

SPECIAL REPORT: CYBERSECURITY

SPECIAL REPORT: CYBERSECURITY

An investment manager speaks – sparingly – of his firm's cybersecurity efforts.
T+2 transition went smoothly in Canada

TRADING

TRADING

The reduction of the trade settlement cycle to trade plus two days, or T+2, in Canada went as smoothly as it did in the U.S.

Special Report

The state of hedge funds and funds of funds 2017
In another reversal of fortune – this time for the better – more hedge funds and hedge fund-of-funds saw a rise in assets than sustained losses for the year ended June 30.
Cybersecurity
Faced with a rising number of cyberattacks retirement plan executives are beefing up security and working with providers to create better ways to keep assets and data safe.

Frontlines

Editorial

ESG factors a welcome addition to portfolio management

EDITORIAL

EDITORIAL

The discussion of the merits of including environmental, social and governance factors in investment decisions seems to be over. Research suggests that correctly used they do not add to risk or hurt...