Asset owners’ next battle
Asset owners are winning the argument to lower private equity manager fees; their next battle will be about the valuation of private assets.
CALPERS’ chief navigates ‘perfect storm’
Outgoing CaIPERS’ CEO, Anne Stausboll, talks to Amanda White in an exclusive interview, about her passionate views on sustainability, simplifying the portfolio, and where improvements are needed.
PSERS CIO drives diversification
James Grossman, chief investment officer of the Pennsylvania Public School Employees Retirement System, talks about driving diversification and the opportunities in corporate debt.
Low-volatility evidence dating back to 1873
As new historical databases are opening up, there are great opportunities for out-of-sample tests of market anomalies. Research shows that the volatility effect also existed in the 19th century. Read more »
Not all fees are created equal
Could investment management fees be different? Nick Sykes at Mercer, suggests that an alternative fee structure that focuses on “idiosyncratic alpha” could benefit asset owners and managers.
No surfing safari for HIERS in Hawaii
CIO of Hawaii’s largest pension fund has his work cut out to return the $14.1 billion Employees’ Retirement System back to the black. Vijoy Chattergy spoke about plans to crisis-proof HIERS.
