Table of Contents

Issue Date: Monday, September 18, 2017

News

Investors seeing big promises from secondary market

Investors seeing big promises from secondary market

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

Lack of guidance putting institutions at end of line

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

Canadian plans answer staff dilemma

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​

Pressure building on Westpac to sell infrastructure unit Hastings​

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

Expanded fiduciary law in Nevada could have wider impact

A new Nevada law increases fiduciary responsibilities, bringing praise and criticism.

Now that T+2 is here, some ready for even shorter cycle

Now that T+2 is here, some ready for even shorter cycle

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 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 Wednesday.

Pension funds, managers avoid large disruptions from Hurricane Irma

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

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 Associates LP.

Townsend sale a tale of the times

Townsend sale a tale of the times

Aon's pending acquisition of The Townsend Group highlights the pressures facing specialty consultants.

High valuations scare investors seeking return

High valuations scare investors seeking return

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

Bumpy ride seen for CalPERS proposal

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

U.K. corporate plans waking up to benefits of target-date funds

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

One manager’s sketch of firm’s cybersecurity effort

An investment manager speaks – sparingly – of his firm's cybersecurity efforts.

T+2 transition went smoothly in Canada

T+2 transition went smoothly in Canada

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

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

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

ESG factors a welcome addition to portfolio management

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 returns, and might add value.

People Moves