Research
Hedge fund returns threatened by UCITs structure
Research by EDHEC-Risk Institute reveals fear that structuring hedge funds as UCITS will distort the funds’ strategies and diminish returns.
Amanda WhiteMay 18, 2010
The latest
Investor Profile
New Mexico benefits from capturing emerging markets early
The New Mexico Educational Retirement Board returned a whopping 40.4 per cent for the year to the end of March. Amanda White spoke with chief investment officer, Bob Jacksha, about the contributors to the fund’s performance and the asset allocation review scheduled for later this year.
Amanda WhiteMay 18, 2010
Uncategorised posts
CalPERS to fight lower-return future
Investment staff and four selected consultants expect CalPERS’ returns will be less than the fund’s current 7.75 per cent – a finding on the agenda of a special investment workshop next week, alongside static versus dynamic asset allocation and the use of leveraged bonds.
Amanda WhiteMay 12, 2010
Asset Allocation
Sovereign Wealth Funds look to risk
The International Forum of Sovereign Wealth Funds held its second annual meeting in Sydney last week. conexust1f.flywheelstaging.com reports on the meeting’s outtakes – including asset allocation and risk management implications.
Amanda WhiteMay 12, 2010
Uncategorised posts
Serious investment implications from CalPERS lawsuit
The decision by California Attorney General, Edmund Brown, to charge former CalPERS board member and placement agent, Alfred Villalobos, his company ARVCO Capital, and former CalPERS chief executive, Federico Buenrostro, with fraud could have serious consequences for the future investment direction of the fund.
Amanda WhiteMay 12, 2010
Research
Pension fund performance and costs: small is beautiful
This new paper by Rob Bauer, Martijn Cremers, and Rik Frehen uses the CEM pension fund data set to document the cost structure and performance of a large sample of US pension funds. It finds that small-cap mandates of defined-benefit funds have outperformed their benchmarks by about 3 per cent per year. Concluding that while […]
Amanda WhiteMay 12, 2010