fees

Asset Classes

CalPERS wants PE revamp to move quickly

The board of CalPERS is still wrestling with issues such as pay and level of control over its new private-equity entity. Meanwhile, opportunities could slip away if the launch is delayed.

Sarah RundellJuly 18, 2018

Organisational Design

GPIF fee structure aligns interests

The world’s largest investor restructured how it pays its active mandates to get more certainty from managers. Its actions, which were taken after self-reflection, will affect the entire sector.

Amanda WhiteJune 25, 2018

Asset Classes

A spotlight on hedge funds

A roundup of recent institutional investors' hedge fund activity.

Amanda WhiteJune 18, 2018

Asset Classes

Fees kill alpha from hedge funds

Many hedge fund portfolios perform well before costs but fall into negative alpha after charges are levied, Canadian firm CEM Benchmarking's analysis of nearly 400 large investors has found.

Amanda WhiteJune 14, 2018

Asset Classes

Thirst for data serves Mass PRIM

The $71.9 billion Mass PRIM pores over the numbers to be sure it pays active managers only for skill. That's just one way it uses intense analysis to deliver.

Sarah RundellMay 30, 2018

Industry events

GPIF insists on paying only for alpha

Hiro Mizuno, CIO of the world's largest investor, told the CFA conference that in exchange for multi-year commitments its mandates would now claw back fees when firms don't reach alpha targets.

Amanda WhiteMay 21, 2018

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Asset Classes

CalPERS wants PE revamp to move quickly

Organisational Design

GPIF fee structure aligns interests

Asset Classes

A spotlight on hedge funds

Asset Classes

Fees kill alpha from hedge funds

Asset Classes

Thirst for data serves Mass PRIM

Industry events

GPIF insists on paying only for alpha

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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