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No discount for alpha

Just because the BlackRock/Barclays Global Investors merger will create a global funds management behemoth – with $3 trillion under management and 9,000 employees in 24 countries – does not mean alpha will come more cheaply. Amanda White spoke to vice chair of BlackRock, Robert Fairbairn, about what the merger means for products, clients and the […]
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In defence of optimisation

Sebastien Page, senior managing director of the portfolio and risk management group at State Street Associates is excited about his upcoming paper “In Defense of Optimization: The Fallacy of 1/N”, which responds to the increasingly popular notion that equal weighted portfolios outperform. He spoke with Amanda White about the “1/N paper”, and how he advises […]
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NYSTRS reallocates to international passive

The executive director of the $72 billion New York State Teachers’ Retirement System (NYSTRS), Thomas Lee, has been given the discretion to reallocate actively managed international equity assets into passive funds, in line with a board decision to use a blended international equity benchmark, as the fund appoints new consultants to begin from January.
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OMERS targets airports in strategic partnership

OMERS Strategic Investments, the investment entity of the $43 billion Ontario Municipal Employees Retirement System (OMERS) focused on co-investment opportunities in private markets, has formed a long-term strategic partnership with HAS Development Corporation (HASDC) and Airport Development Corporation (ADC) to pursue airport acquisitions.
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