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Pension funds dominate largest asset owners

Willis Towers Watson's Thinking Ahead Institute recently released its research on the world's 100 largest asset owners. The institute reported that the group held about $19 trillion of the estimated $55 trillion held globally by asset owners, defined here as pension funds, sovereign wealth funds, and OCIOs and master trusts.

Hedge funds do their job in chilly October

In a month when global public equities fell 7.5%, hedge funds, as measured by the HFRI Fund-Weighted Composite index, fell 3%. Year-to-date, public equities were down about 4% through Oct. 31, while the hedge fund index was down 1.66%.

Asset managers lag broad market in a rough October

The average return among the publicly traded asset managers was -2.12% between the first earnings report — J.P. Morgan on Oct. 12 — through the end of the month. Over that period, the S&P 500 Asset Management and Custody Banks index fell 4.3%, and the broad market S&P 500 index fell 0.61%.

Per capita net pension liabilities vary widely across the U.S.

South Dakota, Wisconsin and North Carolina had the lowest per capita net pension liabilities at the end of the 2017 fiscal year. South Dakota is the only state in the U.S. with an overfunded pension system; Wisconsin and North Carolina were 99.1% and 90.7% funded, respectively.

U.S. VC deals drop as valuations inch higher

Through Sept. 30, 6,583 venture capital deals closed in the U.S. with a combined valuation of $84.3 billion. Deal values are already up 2.8% from the full year 2017, while the number of deals through the first nine months is currently down almost 30% compared to the 12-month period.

Savings decline amid slow wage growth despite record employment

The U.S. personal saving rate fell year-over-year for the second consecutive quarter to 6.2% on Sept. 30 from 6.7% on June 30. Over that period, the median weekly average earnings rose 0.57% year-over-year after three straight quarters of declines.

Charts

Pension funds dominate largest asset owners

Willis Towers Watson's Thinking Ahead Institute recently released its research on the world's 100 largest asset owners. The institute reported that the group held about $19 trillion of the estimated $55 trillion held globally by asset owners, defined here as pension funds, sovereign wealth funds, and OCIOs and master trusts.

Charts

Hedge funds do their job in chilly October

In a month when global public equities fell 7.5%, hedge funds, as measured by the HFRI Fund-Weighted Composite index, fell 3%. Year-to-date, public equities were down about 4% through Oct. 31, while the hedge fund index was down 1.66%.

Charts

Asset managers lag broad market in a rough October

The average return among the publicly traded asset managers was -2.12% between the first earnings report — J.P. Morgan on Oct. 12 — through the end of the month. Over that period, the S&P 500 Asset Management and Custody Banks index fell 4.3%, and the broad market S&P 500 index fell 0.61%.

Charts

Per capita net pension liabilities vary widely across the U.S.

South Dakota, Wisconsin and North Carolina had the lowest per capita net pension liabilities at the end of the 2017 fiscal year. South Dakota is the only state in the U.S. with an overfunded pension system; Wisconsin and North Carolina were 99.1% and 90.7% funded, respectively.

Charts

U.S. VC deals drop as valuations inch higher

Through Sept. 30, 6,583 venture capital deals closed in the U.S. with a combined valuation of $84.3 billion. Deal values are already up 2.8% from the full year 2017, while the number of deals through the first nine months is currently down almost 30% compared to the 12-month period.