Table of Contents

Issue Date: Monday, October 1, 2018

News

Rough seas to greet new CIO of CalPERS

PENSION FUNDS

PENSION FUNDS

CalPERS' new CIO, Yu Ben Meng, is returning to the giant pension fund at a turbulent time.
Drumbeat grows louder for proxy voting reforms

GOVERNANCE

GOVERNANCE

The proxy voting system is in need of an update. The SEC and industry stakeholders are discussing what needs to be done.
CDPQ adds Asia infrastructure muscle with greenfield focus

ALTERNATIVES

ALTERNATIVES

CDPQ is expanding its Asia-Pacific infrastructure team, as it bids for a big greenfield project with construction, patronage risks.
Regulators to take close look at power of exchanges

MARKETS

MARKETS

Increasing pressure on the SEC to take a more critical look at market exchanges has investors and money managers hopeful for change.
Time running short on reprieve for EU derivatives clearing

REGULATION

REGULATION

A derivatives-trade clearing requirement is forcing European pension funds to boost cash holdings in their portfolios.
Both sides digging in on NYU 403(b) lawsuits

COURTS

COURTS

The legal fight over two NYU 403(b) plans expands to calls for firing fiduciaries and for sanctioning the plaintiffs' law firm.
Emerging hedge fund firms facing many roadblocks

ALTERNATIVES

ALTERNATIVES

Emerging hedge fund managers are facing one of the most difficult fundraising environments since the global financial crisis.
Blockchain eyed for small-cap liquidity

TECHNOLOGY

TECHNOLOGY

Blockchain could do for small-cap trading what the SEC's tick-size pilot couldn't, ledger technology proponents say.
U.K. regulators getting blowback over report on investment consulting industry

CONSULTANTS

CONSULTANTS

The CMA's long-awaited provisional report into the investment consulting and OCIO markets has raised a number of concerns for the industry.
ETF providers going in new directions with indexes

ETFS

ETFS

A robust corner of the ETF business is drawing fresh scrutiny that cuts to the core of its value proposition: Do indexes matter?
Asia-Pacific private equity chief plots steady course

ALTERNATIVES

ALTERNATIVES

CDPQ stresses local hires in markets such as China and India in building its private equity capabilities in the Asia-Pacific region.

ECONOMY

ECONOMY

2 promotions announced at P&I: new managing editor, news editor

CHANGES

CHANGES

Kevin Olsen was promoted to managing editor of Pensions & Investments; David Schepp will become news editor.
Deadline imminent to enter 2019 Eddy Awards

Awards

Awards

The deadline for Pensions & Investments' 2019 Eddy Awards is only days away.

Special Report

Real estate investment managers
Property appreciation and a swell of commitments helped to buoy managers' worldwide real estate assets under management to $1.5 trillion.
Growth of European defined contribution plans
New markets are opening up in Europe for managers looking to increase defined contribution business.

Frontlines

Editorial

Asset owners should prepare now for the next recession

EDITORIAL

EDITORIAL

Fund executives should be taking steps to minimize the damage to their portfolios in the event of a recession.
How to overcome public fund risks

EDITORIAL

EDITORIAL

Public pension plans are exposed to several risks, not all of which are fully considered by state and local legislators.

Other Views

Several factors exist that could lead to the end of, or at least the reduction of, the J-curve effect.
Commentary: DC plan customization to drive next wave of innovation

INDUSTRY VOICES

INDUSTRY VOICES

The need for innovative thinking in DC plan is as pressing as ever and sure to grow as DC plans take on an increasingly important role in retirement planning.