Almost half of US institutional investors are turning their back on securities lending programs, with cash collateral reinvestment losses the leading concern among three quarters of those who participated in a recent survey by Callan Associates, and for a lot of funds the next decision is what course to take in the recovery and mitigation of losses.
Feeling investment highs – before seeing snakes and spiders
Neuroeconomics provides a scientific explanation of why the vast majority of investors fall prey to the market cycle- and can’t resist it. Simon Mumme talks to director of UBS Wealth Management Research, Joachim Klement about the limits of active investing.
Does ‘2 and 20’ still exist?
New research of hedge funds managers by Preqin shows it is clear the idea of a ‘2 and 20’ fee structure is outdated and, although less succinct, a more accurate reflection would be a “1.63
and 17.21” formula.
KIA to divest big stake in Kuwait telco
The $202 billion Kuwait Investment Authority (KIA) is ready to sell its 24.6 per cent stake in domestic telecommunications company Zain and is awaiting attractive offers from bidders as it seeks liquidity to finance the nation’s budget.
CalPERS’ CEO and CIO performance on offsite agenda
The full board of administration and the executives of CalPERS are conducting a three-day
offsite, entitled Defining Our Future Now, which includes a number of closed sessions regarding chief executive and chief investment officer performance and employment matters, in addition to open forums on a number of strategic investment decisions.
Clash of the titans: investors and managers at odds over alternatives regulation
A battle has broken out between investors and suppliers over the regulation of hedge fund and private equity managers, with opposing testimony given to the US Senate by the country’s largest pension fund, the $180.9 billion CalPERS, and a US-based venture capital firm. In this “Have Your Say” column we ask you whether you agree with CalPERS that all hedge fund managers raising capital in the US should be forced to register with the Securities and Exchange Commission (SEC), or whether you think the current regulations are sufficient.
