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Factors aid manager selection
Investors, including the $194 billion State Board of Administration of Florida (SBA), are using factor analysis to decompose returns, select active managers and negotiate fees.
Maryland applauds departing CIO
The US$587 million Maryland State Retirement and Pension System (Maryland SRPS) has confirmed the departure of its chief investment officer, Mansco Perry III (pictured), to the position of CIO of the endowment fund of Macalester College in Saint Paul, Minnesota.
Managers perform for Texas Teachers
Manager selection led to nearly three-quarters of outperformance for Texas Teachers in 2017 as the fund beat its benchmark by 168 basis points.
Foundations and endowments flock to long duration
The risk of a US equity market decline and concerns over the future direction of interest rates has been driving US foundations and endowments’ asset allocation decisions in the past year, with a distinct move away from US equity to global allocations and away from US-focused core to longer duration and high yield. The latest
Culture Club: CalPERS puts people first in talent reboot under new CIO
Only two months in and CalPERS’ new CIO Stephen Gilmore has already made his mark, with plans to overhaul talent and culture in the investment office, meeting frequency and the number of strategic initiatives slashed and an increased focus on data and technology to improve efficiency and reduce risk.
SWIB praises tech overhaul
Portfolio-level views of risk and alpha-generating strategies help explain why the State of Wisconsin Investment Board says its technology refresh has already paid for itself.
All aboard the change express as Railpen leaves the station
At the end of a corporate review process that lasted eight months, involved 23 meetings of a steering committee and produced 60 working papers, the UK railways pension fund Railpen was left with 422 action items. “We’ve done 224 of them,” Chris Hitchen, Railpen chief executive, told the Fiduciary Investors Symposium (FIS) at Harvard University.
ABP supports innovation with incubator investment
Over the next few years the €180 billion ABP will invest 2 per cent of capital to innovative assets and strategies under the broad direction of innovation. One such investment has been an allocation to the incubator company, IMQubator, which invests in investment managers with innovative ideas and strategies. Amanda White spoke with chief investment
FIS MIT 2017