Table of Contents

Issue Date: Monday, November 27, 2017

News

Permanent capital piques new interest by managers​

Permanent capital piques new interest by managers​

Alternative investment managers are stepping up their pursuit of permanent capital to ensure reliable streams of fee income.

Funds fighting effort to add UBIT measure

Funds fighting effort to add UBIT measure

As Congressional Republicans rush to pass tax reform, public pension plan officials are determined to see one new idea not make it into law.

Two corporations embrace 'Rothification'

Two corporations embrace ‘Rothification’

Some DC plans use Roth auto enrollment to boost participation among younger, lower-paid workers.

GPIF hopes to use size as way to enhance beta

GPIF hopes to use size as way to enhance beta

Japan's giant GPIF emphasizes enhancing beta rather than expending time and resources on eking out benchmark-beating gains.

JP Bank CIO plots a course through 'stretched' valuations

JP Bank CIO plots a course through ‘stretched’ valuations

JP Post Bank's chief investment officer believes global credit valuations are now "reasonably stretched."

Capital Group making a serious play for LDI

Capital Group making a serious play for LDI

Capital Group hires a veteran liability-driven investment executive to spearhead the expansion of its own LDI business.

Overdiversification taking a toll on performance

Overdiversification taking a toll on performance

A new paper provides ratios to determine the optimal number of managers an investor should have in a single asset class.

Public funds seeing hedge fund returns back in the black

Public funds seeing hedge fund returns back in the black

Average state pension plan hedge fund performance jumps more than 1,200 basis points in fiscal year.

Bitcoin futures could open cryptocurrency to institutions

Bitcoin futures could open cryptocurrency to institutions

Asset owners could dip toes in cryptocurrency investing through proposed bitcoin futures contracts.

MiFID II outlook uncertain for bond market liquidity

MiFID II outlook uncertain for bond market liquidity

The impact of MiFID II on fixed-income trading is a subject of debate.

ETFs offer plethora of risk management alternatives

ETFs offer plethora of risk management alternatives

Bid-ask spreads of some of the biggest ETFs are lower than the underlying securities, largely because they are a more favorable investment.

Maker-taker rebates now likely to be put under scrutiny by SEC

SEC maker-taker pilot program seen as more likely as rebate opponents grow.

Congressional Democrats introduce multiemployer loan program bill

Congressional Democrats introduce multiemployer loan program bill

House and Senate Democrats launched an ambitious idea Thursday to help struggling multiemployer pension funds.

Special Report

Consultants directory 2017

Corporate and public pension plans are taking two different paths, which is bifurcating the investment consulting industry.

Online

Frontlines

Editorial

Editorial: As bull market loses steam, investors should rethink expectations

Editorial: As bull market loses steam, investors should rethink expectations

Some institutional investors are warning the next few years are unlikely to be as rewarding, at least in the U.S. markets, and that expectations should be tempered.

SEC must make enforcement a real priority

SEC must make enforcement a real priority

The markets need an attentive and active police force prowling the byways to ensure securities laws are obeyed and investors are protected.

Industry Voices

Commentary: It's too darn hot – investors call time on climate change

Commentary: It’s too darn hot – investors call time on climate change

Global warming is pushing pension funds to explore opportunities for better risk management and portfolio optimization.

People Moves