Private equity has produced higher returns for public pension funds than other investment options over the past decade.
Corporate defined benefit plans are seen accelerating the trend to heavier fixed-income allocations.
Some of the 10 largest U.S. institutional tax-exempt money managers have made major changes to allocations over the past five years.
The Federal Reserve holds almost 25% of the on-the-run U.S. 10-year note, overshadowing others.
Pension risk transfer activity is already at a record pace in 2020 led by a large amount of buy-in activity.
Money managers' stocks languish even though markets have mostly recovered in 2020. The largest managers continue to outperform.
The U.S. economy fell precipitously in the second quarter driven by slowdowns in consumer and business expenditures.
The push for low-cost, index investment options and competition have driven expense ratios lower as fewer can justify high-fee funds.
Endowments and foundations with larger private and alternative allocations protected assets better in the first quarter.
Private equity added 14% to U.S. public pensions over the past decade, beating out other asset classes while allocations varied widely.
Pension plans are looking to shift their passive investment approach to ESG and focused strategies from a broad market view.
Funds of the 10 largest active managers topped their benchmarks by an average 0.13 percentage points year-to-date as 48% outperform.
Private equity's seemingly low volatility makes it particularly attractive, but valuations can mask volatility.
Low-ESG risk companies have outperformed their high-risk counterparts.
Many defined contribution plans holding their sponsor company's stock got an extra shot of volatility during a rough ride so far in 2020.
The spread between high-grade corporate debt and its 10-year Treasury counterpart rose to its highest levels since 2015.