Pension Plan Investments & Retirement Planning
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Small-cap growth strategies again dominated Morningstar's ranking of equity investments, while high-yield bond strategies led the list of top fixed-income performers.... read more »
Boeing Co., Mexico's CONSAR, Canada's CAAT and the U.K.'s Royal Mail Group were honored for innovation in retirement plans.... read more »
The EU should abolish the unanimity rule, which gives each member state the right to veto new laws, the former Belgian prime minister.... read more »
Jay Fewel, who formerly was responsible for the Oregon Public Employees Retirement Fund's private equity portfolio, has died.... read more »
Global DC plan experts discussed the central role of regulators in achieving effective retirement plan design for flexible economy workers.... read more »
High-yield fixed income dominated Morningstar's list for a third consecutive quarter.... read more »
Small-cap growth strategies again dominated Morningstar's separate account/collective investment trust database.... read more »
Innovations in the secondary markets are also driving increased secondary market transactions.... read more »
Danielle Walker and Margarida Correia joined Pensions & Investments as reporters.... read more »
Enforcement actions at the Department of Labor have remained steady, though calls for additional guidance persist.... read more »
Asset owners are tapping the alternative investment secondary markets to sell pre-recession funds.... read more »
Institutional investors should be looking ahead to 2019 as consolidation audit trail implementation begins.... read more »
The success of MSCI's initial small-scale A-shares inclusion in its indexes sets the stage for more substantial follow-up.... read more »
Investment portfolios are swelling for private foundations, which are continuing to embrace alternatives.... read more »
The promise of alpha and inflows lures asset managers to launch China A-share strategies.... read more »
Third-quarter assets under management rose, but publicly traded financial service firms' shares still were hammered in October.... read more »
Investors are calling time on unequal voting structures of companies.... read more »
Newly listed companies that don't offer one share, one vote should be encouraged to implement a sunset clause.... read more »
The shifting balance of power in Congress means it will take bipartisanship to get anything done.... read more »
Gubernatorial candidates who proposed big changes to state pension systems lost on Nov. 6.... read more »
California voters defeated a controversial rent control proposition opposed by some of Blackstone's portfolio companies.... read more »
Despite issuers' best efforts to build an ESG niche in ETFs, it's possible that asset growth might never come to these specific products.... read more »
Foundations are going strong in impact investing, an area that is only expected to grow in the years ahead.... read more »
Investment portfolios are swelling for private foundations, which are continuing to embrace alternatives and impact investing.... read more »
Fine print and refined data took center stage at the Pensions & Investments West Coast Defined Contribution conference.... read more »
George Weintz, former vice president, investments, at Lockheed Martin Corp., died Oct. 20 at age 85 in Las Vegas.... read more »
For the fourth year in a row, Vanguard Group is the largest manager of mutual funds for U.S. DC plans, P&I's latest survey shows.... read more »
Money managers say investors increasingly recognize that traditional stock return prediction techniques must be upgraded.... read more »
U.S. endowments performed well in the most recent fiscal year, particularly those with healthy exposures to U.S. equities and alternatives.... read more »
Gubernatorial races across the country will have lasting impacts on state pension systems.... read more »
The SEC's first high-profile rejection of some Nasdaq and NYSE fee increases could lead to more oversight of market fees and practices.... read more »
Despite Fidelity's new custody service, institutional asset owners still on sidelines in cryptocurrency investing...... read more »
Real estate investors that are diversified and tilted toward core properties should see less downside risk from the Sears bankruptcy.... read more »
DC plans give some employees a first chance at retirement savings and others provide a better chance for savings...... read more »
The new DOL proposed rule on open multiple employer plans is a step in the right direction, but more work is needed, sources say.... read more »
Tight election races and a potential power shift in the House are raising hopes retirement-related bills could be passed by early 2019.... read more »
Culture within money management firms is becoming a bigger part of investment consultants' work in manager research.... read more »
Journalist Jamal Khashoggi's death is hitting investor sentiment and equity markets in Saudi Arabia over the country's alleged involvement.... read more »
The University of California cut fees by about 25% in its defined contribution plans and, among other things, simplified investment lineups.... read more »
Financial wellness boot camps have helped employees at two national laboratories improve savings and reduce financial stress.... read more »
More than a dozen judges worked together to evaluate entries in the 2018 Excellence & Innovation Awards...... read more »
Synopsys launched an eight-question interactive quiz to increase participant engagement with the company's 401(k) plan.... read more »
International Paper Co. added a long-bond option and an annuity option to its 401(k) plans to ensure post-retirement income.... read more »
Annual financial education sessions are mandatory for employees at Package Pavement Inc.... read more »
Oregon Treasurer Tobias Reed led the implementation of the first state-based auto-IRA program.... read more »
Hilton used record-keeper data to pinpoint communications to groups of employees to boost their savings rates.... read more »
Global money managers running both passive and active strategies saw passive assets grow faster than active strategies in 2017.... read more »
For a fourth consecutive year, Vanguard is the largest manager of mutual funds for defined contribution plans, according to P&I'''s latest survey.... read more »
For the seventh year, P&I and the Defined Contribution Institutional Investment Association recognizes innovation and excellence by plan sponsors to improve the retirement security of...... read more »
Passive managers saw greater growth, 19.5%, than the total universe of the world's largest 500 managers in 2017. Overall assets rose 15.6%.... read more »
Harris Corp. and L3 Technologies agreed to merge; the two companies have a combined $19 billion in retirement assets.... read more »
OPTrust works to balance its climate-change efforts with its investment strategy.... read more »
Investors want the SEC to standardize ESG reporting to allow for uniform comparisons of long-term risk, but firms resist more reporting.... read more »
Pension plan sponsors are keeping an eye on Nov. 1, when new actuarial standards on pension obligation risk assessment begin.... read more »
Four facets of tech advancement enhance and improve the DC experience from plan sponsors to record keepers to participants.... read more »
Difficult investment conditions for hedge fund managers are pushing even seasoned firms to get out of the business.... read more »
Riskier asset allocations since the financial crisis has institutional investors jittery about last week's equity market plunge.... read more »
The Trump administration's approach to ERISA fiduciary litigation court contrasts with that of the Obama administration.... read more »
Indexed assets under management rose 12.9% to $13.36 trillion in the year ended June 30, P&I's annual survey shows.... read more »
Differences of opinion in ESG ratings are not necessarily a bad thing.... read more »
As ESG strategies move more into mainstream investing, the role and use of third-party ratings is under review.... read more »
Value Partners is adding private markets exposures in pursuit of more stable earnings streams in a fast-growing China market.... read more »
In addition to a best-interest standard, the SEC is exploring other difficult issues in the world of financial services.... read more »
SEC Chairman Jay Clayton seems motivated to pass a standards of conduct rule-making package.... read more »
Global economist Dambisa Moyo talks politics, infrastructure requirements and the need to reset ideals.... read more »
Data scientists and tech experts are in high demand by real estate managers, which are working to adapt to a new way of doing business.... read more »
Real estate portfolios will look very different than they do today, thanks in large part to technology and data innovators, investors say.... read more »
Participant data as well as assets are targets of cybercriminals, industry officials say.... read more »
Northern Trust had the highest concentration of ESG-specific assets under passive management among index managers.... read more »
Indexed assets under management rose 12.9% to $13.36 trillion in the year ended June 30, P&I's annual survey shows.... read more »
Four facets of tech advancement enhance and improve the DC experience from plan sponsors to record keepers to participants.... read more »
Recent transaction pricing tiers filed by the New York Stock Exchange with the SEC were challenged by Healthy Markets.... read more »
Increasing pressure on the SEC to take a more critical look at market exchanges has investors and money managers hopeful for change.... read more »
The CMA's long-awaited provisional report into the investment consulting and OCIO markets has raised a number of concerns for the industry.... read more »
Kevin Olsen was promoted to managing editor of Pensions & Investments; David Schepp will become news editor.... read more »
Blockchain could do for small-cap trading what the SEC's tick-size pilot couldn't, ledger technology proponents say.... read more »
Emerging hedge fund managers are facing one of the most difficult fundraising environments since the global financial crisis.... read more »
The legal fight over two NYU 403(b) plans expands to calls for firing fiduciaries and for sanctioning the plaintiffs' law firm.... read more »
The deadline for Pensions & Investments' 2019 Eddy Awards is only days away.... read more »
CDPQ stresses local hires in markets such as China and India in building its private equity capabilities in the Asia-Pacific region.... read more »
CDPQ is expanding its Asia-Pacific infrastructure team, as it bids for a big greenfield project with construction, patronage risks.... read more »
The proxy voting system is in need of an update. The SEC and industry stakeholders are discussing what needs to be done.... read more »
CalPERS' new CIO, Yu Ben Meng, is returning to the giant pension fund at a turbulent time.... read more »
Property appreciation and a swell of commitments helped to buoy managers' worldwide real estate assets under management to $1.5 trillion.... read more »
New markets are opening up in Europe for managers looking to increase defined contribution business.... read more »
Money managers in Europe expect to take some defined contribution business away from insurers thanks to new regulations.... read more »
A robust corner of the ETF business is drawing fresh scrutiny that cuts to the core of its value proposition: Do indexes matter?... read more »
A derivatives-trade clearing requirement is forcing European pension funds to boost cash holdings in their portfolios.... read more »
New markets are opening up in Europe for managers looking to increase defined contribution business.... read more »
Executives of the New Jersey Pension Fund are wrestling with the role that divestiture plays in investment management.... read more »
Norges Bank Investment Management called on companies to integrate ocean risks into business policies in efforts to induce sustainable ocean use.... read more »
Investors tired of poor returns are getting out of timberland at what some say is the wrong time.... read more »
Money manager websites are getting a dust off, with firms hoping they will open new windows of opportunity with institutional investors.... read more »
A World Bank executive said Canada's retirement future is linked to growth in defined contribution assets despite its defined benefit strength.... read more »
Corporations are allocating more capital to pension plans not only to improve funded status but also to reduce pension expense.... read more »
Infrastructure project design and development is typically a long-term endeavor, but in Africa, it is an endurance activity.... read more »
Active managers are benefiting from European initiatives aimed at increasing institutional investors' role in financing of the real economy.... read more »
Pensions & Investments has moved to a new address in Washington, located in the Homer Building.... read more »
South Korea's Public Officials Benefit Association is adding active and liquid exposures to prepare for the eventual end of the bull market.... read more »
Retirement plans across Europe are working to minimize the effects of portfolios overly focused on domestic markets.... read more »
Public plans with heavy allocations to U.S. equities and alternatives tended to post strong returns for the fiscal year ended June 30.... read more »
Nine Kenyan pension funds formed a group to invest in local infrastructure and hope to attract international investors, too.... read more »
Asset owners are starting to venture to Africa to make infrastructure and private equity investments.... read more »
The expiration of a tax deduction for increased pension contributions likely means a shift in strategy for many DB plan sponsors.... read more »
Retirement experts are encouraged that officials in Washington increasingly are looking at ways to expand workplace retirement savings.... read more »
South Korea's move to ease equity caps in target-date funds is cheered by industry, but winning default option status is the dream.... read more »
Better investment returns and funding improvements didn't make much of a dent in funding ratios of public pension plans.... read more »
Replacing LIBOR as a benchmark rate for derivatives and fixed income won't be easy, sources said.... read more »
Northern Trust CIO says U.S. tax cuts have "elongated" the equities growth cycle, while low inflation will continue.... read more »
William Blair's investment chief has her sights set on expanding investments and clients in Asia.... read more »
Hedge funds and funds of funds show strong growth in worldwide assets in the year ended June 30.... read more »
The largest financial services firms look to make a splashy market entry or press their advantages on both brand and reach in the ETF market.... read more »
Hedge funds with an institutional orientation produced exceptionally strong net asset growth of 18.4% in the year ended June 30.... read more »
An Australian royal commission inquiry into financial-sector misconduct turned up more in retail super funds than in industry funds.... read more »
Transaction-cost reports could have U.K. defined contribution plans re-examining their allocations.... read more »
Money managers and DC plan sponsors in the U.K. are being challenged by regulations requiring disclosure of transaction costs.... read more »
Financial wellness programs are on the rise, but concerns over participation and measurement of value persist.... read more »
Expanding health savings account allocations won't automatically improve participation, research shows.... read more »
An IRS ruling could give a boost to employers trying to help workers deal with student loan debt without derailing retirement savings.... read more »
Summit Strategies' exit creates a time crunch for public pension plans seeking a replacement for the investment consultant.... read more »
The deadline for entering Pensions & Investments' 2019 Eddy Awards is coming up fast.... read more »
P&I's design work in 2017 has been recognized by the Trade, Association and Business Publications International organization.... read more »
Retirement savings advocates welcomed President Trump's executive order to expand savings options but said legislation still is necessary.... read more »
The #MeToo movement is changing asset owners' due diligence practices for money managers.... read more »
Some money managers are unsure that markets are as late cycle as other investors might think.... read more »
Despite their optimism, money managers are watching several factors that might indicate the end is closing in on markets.... read more »
Fidelity's tie-ups with Ant Financial and ChinaAMC could position the firm to compete when China's target-date fund market opens up.... read more »
The world's 300 largest retirement funds recorded double-digit growth last year, with equity markets bolstering returns.... read more »
Geopolitics, longevity and interest rates were among the concerns for retirement plan executives in 2017.... read more »
The nation's largest pension fund, CalPERS, is expanding its research on ESG issues.... read more »
ESG integration is on the rise in the U.S., with climate change, gender diversity and weapons capturing significant investor attention.... read more »
Fixed-income ETF flows indicate investors increasingly prefer shorter-duration products.... read more »
ESG integration is on the rise in the U.S., with climate change, gender diversity and weapons capturing significant investor attention.... read more »
The world's 300 largest retirement funds recorded double-digit growth last year, with equity markets bolstering returns.... read more »
Executives at Legal & General Investment Management America are looking to expand its business in ESG and defined contribution investments.... read more »
Small-cap growth strategies dominated for the year ended June 30, making up eight of the top 10 domestic equity strategies.... read more »
High-yield fixed income dominated Morningstar's list for a second consecutive quarter.... read more »
The current state of the financial services regulations in the U.S. is described as a patchwork. Agencies are trying to change that.... read more »
The current state of the financial services regulations in the U.S. is described as a patchwork. Agencies are trying to change that.... read more »
Key-person risk is an increased concern among money managers when it comes to the impact of MiFID II.... read more »
Executives at startups like Long Game and MindBlown Labs see value in using games to drive positive savings behavior.... read more »
Turkey's fast-changing situation has money managers concerned about the country's future.... read more »
Credit analysts, who helped firms like MFS and T. Rowe weather the GFC, could play a key role in coping with a liquidity-challenged market.... read more »
P&I reached out to industry leaders to collect their thoughts on the global financial crisis and its ongoing influence on institutional investing.... read more »
As memories of the global financial crisis fade, there are calls for revisiting some of the regulatory measures put in place.... read more »
Lenders in private equity and real estate are wheeling and dealing again, driven by competition to offer borrower-friendly loans.... read more »
DC participants rebounded after the global financial crisis and plans made changes, but more preparation is needed for the next downturn.... read more »
Eight months after the MiFID II rules were implemented, money managers are taking a step back and reflecting on regulations.... read more »
Money managers in Europe are seeing signs that alternatives soon will become a more important part of DC plan default options.... read more »
DC plan executives and record keepers view "gamification" as way to drive employee engagement and financial literacy.... read more »
Managers are alerting investors that they're in M&A mode, but more for smaller fish than bigger game.... read more »
A growing number of legislative ideas for improving or expanding access to retirement savings have some chance for success, experts say.... read more »
Fidelity's new low-cost pricing for indexed mutual funds could be a game changer for small defined contribution plans...... read more »
As emerging markets again face testing times, some investors are taking risk off the table by broadening their exposure to these countries.... read more »
The global financial crisis sparked a fundamental shift in how Caisse de Depot et Placement du Quebec invests for its clients.... read more »
Some money managers and asset owners say the financial crisis' disruption spurred organizational improvements that made them stronger.... read more »
Some investors and money managers made it through the global financial crisis relatively unscathed.... read more »
To gauge the impact of the global financial crisis, Pensions & Investments reached out to sources around the world.... read more »
When banks pulled back after the global financial crisis, private capital swooped in to fill the void.... read more »
Money managers and asset owners hope — against hope — that quantitative tightening proves uneventful.... read more »
Money managers and asset owners say they have emerged from the financial crisis better able to cope with risk and liquidity challenges.... read more »
Pensions & Investments'' looks back at the global financial crisis and how the 10 years since have changed money management, investing, saving for retirement, regulation and more.... read more »
High-yield fixed income and small-cap growth strategies dominated Morningstar's list in quarter ending June 30.... read more »
Sun Life Investment Management wants to expand its U.S. business with more real estate, private credit and infrastructure offerings.... read more »
The Pension Protection Fund has been through an important five years under CIO Barry Kenneth.... read more »
The Pension Protection Fund has been through an important five years under CIO Barry Kenneth.... read more »
Democrats have yet to nominate an SEC commissioner even as a Republican nominee makes his way through Senate hearings.... read more »
Trade connectivity costs could be the latest fee to come out in the open.... read more »
An update to foreign investment review rules has private equity and venture capital funds and investors awaiting details.... read more »
U.S. corporations need to think long-term about how to manage their portfolios if they anticipate a pension risk transfer transaction.... read more »
U.S. corporations need to think long-term about how to manage their portfolios if they anticipate a pension risk transfer transaction.... read more »
Leveraging participant data to create meaningful insights comes with its share of challenges, record keepers said.... read more »
DC providers are adding and refining data tools to help plan executives and consultants access and analyze participant data.... read more »
China's increasingly sophisticated management of its economy may help support markets hit by trade war fears.... read more »
Risk-free discount rates stir up a debate for the actuarial standards board and congressional multiemployer committee.... read more »
Alternative money managers are working to reach a new client channel.... read more »
Alternative managers led in terms of AUM growth in the year ended June 30.... read more »
Data are driving the push for different kinds of artificial intelligence in operations.... read more »
AI and blockchain developments could open the door to more standardization in the asset-servicing industry.... read more »
Not everyone is in agreement that pension risk transfers leave a plan sponsor with less risk.... read more »
The pension buyout trend shows no signs of slowing down, although how many more jumbo deals are in the offing is unclear.... read more »
Once a key way to attract and retain employees, companies today are increasingly keen on finding ways to get out from under the burden of maintaining defined benefit plans.... read more »
Advances in artificial intelligence and blockchain technologies offer the promise of increased efficiency and security in back and middle office operations, but adopting an industrywide protocol...... read more »
A federal appeals court upheld a dismissal of an ERISA breach claim against Wells Fargo by a participant in the company's 401(k) plan.... read more »
Dyal Capital Partners took a minority stake in private credit manager Golub Capital.... read more »
Textron seeks incremental alpha from regional mandates even as it moves to make its portfolio more resilient should sentiment flag.... read more »
As interest rates rise globally, cash managers say they are seeing an uptick in interest in their services.... read more »
More than a year after a move to the countryside, pension giant NPS is still looking to fill key positions in Seoul-centric South Korea.... read more »
As cryptocurrencies continue to grow, investors favor increased regulation, but what that regulation might look like remains to be seen.... read more »
More employees in DC plans are meeting or exceeding employer matches, but there's still more work to encourage greater participation.... read more »
Research shows there's a lot of work to be done regarding employees' knowledge of the employer match in their defined contribution retirement plan.... read more »
Hedge funds of funds are experiencing a bit of a resurgence among institutional clients, but with a number of new demands and structures.... read more »
P&I is seeking entries for the 2019 Eddy Awards, which recognize best practices in providing investment education to DC participants.... read more »
Suggestions to improve competition in the U.K. advisory and OCIO sectors are getting a cautious welcome by industry participants.... read more »
Supreme Court nominee Brett Kavanaugh's strong views on what federal regulations has regulators eyeing the process.... read more »
Rising volatility is motivating asset owners to take a close look at investment strategies that mitigate risk or seek to find alpha.... read more »
A number of public pension funds are rethinking CIO pay to hold onto talent and attract new blood.... read more »
DC managers see another year of double-digit gains in target-date assets under management.... read more »
For nearly three decades, ETFs in the U.S. have lived in regulatory limbo. The SEC is looking to correct that condition.... read more »
Defined contribution money managers reported a large jump in target-date assets under management, according to Pensions & Investments' annual survey.... read more »
Investors are looking beyond growth in portfolio construction as market conditions suggest it might be time to focus on other factors.... read more »
DC plan executives should make greater use of variable-rate debt to minimize losses in life-cycle or target-date strategies, experts say.... read more »
Japanese and Asian asset owners add European, global flavors to U.S.-dominated credit portfolios amid rise in hedging costs, trade tensions.... read more »
Toronto-based trend of creating defined benefit plans runs counter to the norm.... read more »
Bridgewater Associates' conversion to a partnership is welcomed by clients and its China All Weather fund is open to existing investors.... read more »
Building off momentum from 2017, environmental and social proposals again dominate the 2018 proxy season among U.S. corporations.... read more »
Following the White House's proposal to merge the departments of Labor and Education, questions, concerns and hope surround the plan.... read more »
Making Fannie Mae and Freddie Mac private entities would affect institutions' real estate portfolios, but how much is an open question.... read more »
Two U.S. senators introduced legislation in late June that would expand executive authority to reorganize federal agencies.... read more »
With Saudi Arabia set to be admitted to the MSCI Emerging Markets index, money managers are preparing for bigger exposure to the country.... read more »
Following news that Saudi Arabia will be admitted to a major emerging markets index, money managers eye a future IPO for opportunities.... read more »
With many U.S. workers doing temporary, contract or on-demand work, the pressure is on to help them better prepared for retirement.... read more »
Some employers offers student debt repayment assistance as a way to attract and retain employees, but the benefit remains quite rare.... read more »
Large custodians' lack of cryptocurrency capabilities means hands off for institutional investors.... read more »
Optimizing its $350 billion credit portfolio with more floating-rate and European exposure is a priority, JP Bank's co-CIO says.... read more »
One measure pending in Washington seeks to move the needle on the portability of retirement benefits.... read more »
Automatic enrollment and escalation might not be the right solutions for the defined contribution arrangements of flexible workers.... read more »
Workers in the gig economy need more help preparing for retirement, and companies, policymakers, the retirement industry and workers themselves are busy finding solutions.... read more »
Private equity was a big theme at CalPERS' investment committee meeting, as it updated its benchmark and discussed further proposals to the portfolio.... read more »
The Supreme Court ruled that the SEC's in-house judges are not just employees but officers subject to the Constitution's appointments clause.... read more »
See the 10 largest managers and other statistics at a glance.... read more »
Discretionary outsourcing assets jumped 23% in year, 85% over five years.... read more »
Requests for political and lobbying spending disclosure are the most common shareholder proposal issues in 2018.... read more »
Japan Post Bank and GPIF have driven manager AUM growth in recent years, but the pickings in terms of fees are set to diminish.... read more »
Pensions & Investments and research and selection platform Global Fund Search have teamed up to create a company providing asset owners, consultants and money managers with expanded data and...... read more »
Increased flows into passive strategies add pressure to index managers trading around reconstitutions.... read more »
Four years after launching a strategic opportunities program, Virginia Retirement System is taking it to the next level.... read more »
A record number of stock buybacks is driving calls for the SEC and companies to disclose more and consider limits.... read more »
Hunting season on REITs is wide open this year as privatizations and acquisitions of the trusts increase.... read more »
Limited plan committee time and resources as well as litigation concerns are increasing appetites for OCIO services from DC plan sponsors.... read more »
Asset allocation isn't the solution to becoming fully funded, but it can help bridge the funding gap at least a little bit.... read more »
Multiasset-class and OCIO strategies are a priority for large managers.... read more »
Colorado, Illinois and Minnesota are taking steps to address their pension crises, with some states increasing contributions.... read more »
DCIO assets under management are growing rapidly thanks to sponsors' embrace of target-date funds, index investing and open architecture.... read more »
Some observers expect commodity-based ETFs to surge.... read more »
DCIO assets under management are growing rapidly thanks to sponsors' embrace of target-date funds, index investing and open architecture.... read more »
Discretionary outsourcing assets jumped 23% in year, 85% over five years.... read more »
Pension funds, money managers show strong support for SEC's proposed maker-taker pilot.... read more »
P&I has extended the deadlines for its 2018 Excellence and Innovation awards and Best Places to Work in Money Management program.... read more »
Impact investing in emerging markets might be poised for a major growth spurt.... read more »
Sean Healey is leaving Affiliated Managers Group in a strong position.... read more »
Brian Croce has joined Pensions & Investments as a reporter in the newspaper's Washington office.... read more »
Money managers are watching the political drama in Italy, with some seeing investment opportunity.... read more »
DC plan executives in Europe are putting greater emphasis on derivatives to help protect returns.... read more »
Markets have reacted cautiously to Malaysia's first change of government in 60 years, but many observers see long-term promise.... read more »
New investment priorities at UTIMCO mirror those of the Texas Teachers pension fund.... read more »
The strategy of private equity firms taking minority stakes in alternative managers is only a few years old, but it already is evolving.... read more »
Nearly two-thirds of limited partners do not now invest in funds that take GP stakes and say they have no interest in doing so.... read more »
Millennial hiring requires money managers and pension funds to change office culture and also bring their Gen X managers on board.... read more »
Data privacy, board diversity and independence, and content-management enforcement were in the spotlight at large tech companies' meetings.... read more »
A series of recent departures by large public plan CIOs represents cyclical turnover, experts say.... read more »
Investors continue to move more capital into infrastructure and other real asset categories for diversification and cash yields.... read more »
Infrastructure and energy are attracting much of the capital flowing to real assets now, but the broader asset class has been growing.... read more »
Cash yields are driving investors into infrastructure and other real asset categories, despite lower expected returns powered by all that capital moving into the sector.... read more »
The deadline is nearing for registration for the 2018 Best Places to Work in Money Management program.... read more »
Defined contribution money managers' AUM rose 17.4% in 2017 to a record $7.09 trillion in assets under management.... read more »
For plan sponsors looking to improve employees' retirement readiness, personal debt is an area of special concern.... read more »
DC sponsors are defending capital preservation strategies amidt a flurry of ERISA lawsuits.... read more »
DC sponsors are defending capital preservation strategies amidt a flurry of ERISA lawsuits.... read more »
Money managers report an incremental rise in allocations but a far-reaching pickup in investor interest, promising much more to come.... read more »
GPIF will seek alignment with managers over a five-year cycle, but some managers say seven or eight years is more appropriate.... read more »
GPIF will seek alignment with managers over a five-year cycle, but some managers say seven or eight years is more appropriate.... read more »
Vanguard could surpass BlackRock by 2022 should compound growth rates of the past eight years continue.... read more »
BlackRock and Vanguard still rule institutional AUM, while four more managers joined the trillion-dollar club.... read more »
CalPERS and CalSTRS are taking different paths to achieve a similar goal: lower costs and better alignment of interests in private equity.... read more »
CalPERS and CalSTRS are taking different paths to achieve a similar goal: lower costs and better alignment of interests in private equity.... read more »
When CIO Theodore Eliopoulos leaves the CalPERS at the end of this year, a huge project awaits his successor.... read more »
A strong dollar and challenges within emerging market countries has money managers split on whether now is the time to invest.... read more »
The late stage of the U.S. credit cycle is causing concern for investors and money managers.... read more »
A strong dollar is forcing asset owners and money managers with non-dollar base currencies to reconsider allocations to credit.... read more »
Money managers are increasingly having to compete with consultants over U.K. defined contribution assets.... read more »
Worldwide AUM growth was strong for money managers in the decade ended Dec. 31.... read more »
Passively managed strategies continue to outpace active strategies domestically, but for international investments it's a different story.... read more »
A heady brew of returns and fundraising success boosted alts managers' assets, but only three sectors saw double-digit growth in 2017.... read more »
This is the 45th year P&I has profiled the largest managers of U.S. institutional tax-exempt assets. Here's how it's done.... read more »
Exchange-traded product gains in 2017 were fueled by the overall push into passive investing.... read more »
Pensions & Investments profiled more than 580 investment management firms to compile its 45th annual largest money managers special report.... read more »
FedEx signed an agreement to purchase a group annuity contract with MetLife to transfer about $6 billion in U.S. pension plan obligations.... read more »
Investment Management Corp. of Ontario is a different kind of manager startup.... read more »
Small-cap strategies dominate the top 10, taking up five spots in the year ended March 31.... read more »
High-yield bonds dominated the list of top performers in fixed income for the year ended March 31, according to Morningstar.... read more »
Some ESG investors feel like they are stuck in a game of pingpong on ESG guidance, building trades union pension fund officials welcome it.... read more »
Pensions & Investments and DCIIA are seeking entries for the Excellence and Innovation Awards program.... read more »
New Zealand Super, a member of Focusing Capital on the Long Term, seeks to do just that with a consortium to build and run a rail line.... read more »
New regulations are changing the DC landscape in the U.K., prompting money managers and others to take a new look at opportunities.... read more »
Private equity investors are taking a shine to the retirement services industry.... read more »
Multiasset managers, consultants are starting to work together on broad investment mandates.... read more »
Faced with increased competition and a changing market environment, multiasset fund managers are working to differentiate themselves.... read more »
P&I's editorial team was recognized by the American Society of Business Publication Editors with six awards for news coverage.... read more »
Money management has seen a number of transformative and bolt-on M&A deals, but sources think a catalyst is needed before more happen.... read more »
International Property Funds Management must prove itself, but alignment with its owners should speed the process, analysts say.... read more »
The threat of trade wars and rhetoric around protectionism have hit pension funds in the first quarter of 2018.... read more »
U.S. tax law changes could make LDI investing tougher by crimping issuance of long-duration corporate bonds.... read more »
The Labor Department's recent attempt at clarifying guidance on ESG investing has some industry stakeholders scratching their heads.... read more »
The Labor Department's recent attempt at clarifying guidance on ESG investing has some industry stakeholders scratching their heads.... read more »
A new transparency law and a seller's market for private equity investments are putting California public pension funds at a disadvantage.... read more »
Exploiting the illiquidity premium is not always an option for multiasset managers.... read more »
In the trend toward tactical or thematic exchange-traded funds, do institutional investors need to go wider and sponsor an ETF?... read more »
Faced with increased competition and a changing market environment, multiasset fund managers are working to differentiate themselves.... read more »
Small-cap strategies dominated the top 10 equity managers, while high-yield bonds led the list of top performers in fixed income for the year ended March 31.... read more »
The Employee Benefits Security Administration issued new guidance on shareholder engagement and economically targeted investments.... read more »
The biggest buyout portfolios aren't always the best when it comes to risk and returns, a study shows.... read more »
Los Angeles Fire & Police Pensions traveled a bumpy road to lead the risk-return rankings of U.S. pension fund buyout programs.... read more »
The average funding ratio of the 100 largest U.S. corporate pension plans rose 4.7 percentage points in 2017, P&I's annual analysis shows.... read more »
A U.K. government proposal could push DC plan sponsors to embrace drawdown strategies in default options and spur product innovation.... read more »
Location-based data are helping some fundamental managers pinpoint ways to help active equity and fixed-income management.... read more »
Boots on the ground can provide a variety of new ways to look at how to act on stocks, bonds.... read more »
Some unions are flexing their financial muscle to make a direct connection between union jobs and infrastructure investments.... read more »
Employers are providing monetary contributions and other incentives to encourage greater HSA balances.... read more »
Registration is now open for P&I's seventh-annual Best Places to Work in Money Management survey and recognition program.... read more »
A strong January was a tailwind for publicly traded money managers, but market volatility ultimately led to lackluster Q1 earnings.... read more »
Some managers took Russian risk completely off the table after sanctions were announced, but acted quickly when they saw opportunities.... read more »
Recent sanctions on Russia by the U.S. has money managers and investors split as to whether now is the time to buy into the country.... read more »
Some sponsors and service providers are refining their practices for locating participants with stale addresses.... read more »
Some sponsors and service providers are refining their practices for locating participants with stale addresses.... read more »
Auto portability is another way officials at Retirement Clearinghouse are trying to combat the issue of missing, terminated participants.... read more »
Money managers are creating or expanding programs to increase the number of women in the industry.... read more »
Fixed income had the largest share of assets in 2017 among the 100 largest corporate pension plans, at 41.2%.... read more »
The CFA Institute and other groups are sponsoring efforts to encourage more women to enter the money management industry.... read more »
Alternatives powerhouses KKR and Carlyle are taking steps to increase the number of women in their workforces.... read more »
Asset owners are starting to press their money managers on gender diversity...... read more »
New rules by the U.K. government are shining a bright light on the gender pay gap across a range of industries, including asset management.... read more »
The average funding ratio of the 100 largest U.S. corporate pension plans rose 4.7 percentage points in 2017, P&I's annual analysis shows.... read more »
Managers and asset owners are creating or expanding programs to increase the number of women in the money management industry.... read more »
Impact investing and the application of artificial intelligence to portfolio management are on Nuveen's CEO's to-do list.... read more »
Stacy Schaus, executive vice president and defined contribution practice leader of PIMCO, has sued her employer of 12 years, citing age and sex discrimination affecting her pay and thwarted promotion.... read more »
Large institutional investors are ramping up their calls for governance reforms at Facebook following the Cambridge Analytica controversy.... read more »
Defined contribution plan consultants see continued growth in custom target-date and white-label strategies.... read more »
The recent bankruptcies of big-name private equity-backed companies confirm some investors' shift away from LBO investments.... read more »
Money managers are boosting CEO compensation via stock awards to target long-term company performance.... read more »
Direct-lending money managers face formidable competition from peers as well resurgent banks.... read more »
Direct lending managers are facing increased competition in certain parts of the market as bank lending resurges.... read more »
A fiscal recovery plan for Puerto Rico is expected to bring pension cuts, reduced payments to bondholders and even more legal skirmishing.... read more »
It's still early for the broader asset management industry's embrace of big data, but the pressure to do so is expected to build.... read more »
Incoming European regulation and the threat of stricter rules in the U.S. are on investors' minds focused on the technology sector.... read more »
The debut of Chinese bonds on benchmark indexes might result in a safe-haven for yield-hungry investors around the world.... read more »
Money managers are seeking alpha and efficiency from machine learning.... read more »
When it comes to machine learning and money managers, a bona fide data lab is a requirement.... read more »
When big data analytical tools become standard money manager fare, equity markets could become less volatile and more efficient.... read more »
With exponential growth of data being generated worldwide, the advantages managers with cutting edge capabilities in analyzing big data will enjoy is expected to grow.... read more »
With baby boomers reaching retirement age, conversations on how to guide participants through the drawdown stage of retirement are picking up.... read more »
CalSTRS is taking a watch position on a bill that restricts public plans from making alternative investments with managers that have not adopted a race and gender pay policy.... read more »
Brian Collins, the new executive director of the $41 billion Illinois Municipal Retirement Fund, isn't looking to rest on the plan's investment and operations laurels.... read more »
Parametric Portfolio Associates LLC is planning its first use of artificial intelligence and is looking at a machine learning application to help the $240 billion Seattle-based firm better manage its...... read more »
Emergency funds have catapulted to the top of employers' agendas in efforts to lower participant withdrawals from DC plans.... read more »
Plan executives are working hard to educate participants on the impact that plan loans and hardship withdrawals have on retirement savings.... read more »
The DOL fiduciary rule was knocked down, and possibly out, in court, but the SEC and some states are getting ready to fill the void.... read more »
Various strategies characterized some of the winners of the 24th annual Pension & Investments Eddy Awards.... read more »
P&I and the Defined Contribution Institutional Investment Association are seeking nominations for the 2018 Excellence and Innovation Awards.... read more »
University of California investment staff have ambitious plans to continue revamping the investments of the $78 billion it oversees.... read more »
In the long term, the University of California pension fund and endowment will be moving out of fossil fuel investments.... read more »
Equity manager fee structures are stagnant for now, but expected declines in managers' margins could speed up a revamp.... read more »
The increased use of credit lines by private equity managers is making life harder for the limited partners and consultants that track the managers.... read more »
Private equity managers are using credit lines for longer periods and return-boosting purposes, causing concern in the industry.... read more »
The giant fund's new performance fee arrangements include carrots and sticks to get managers to take more risk.... read more »
Market-cap-weighted index funds are once again the bright, shiny objects of the ETF world after years of being overlooked.... read more »
DC plan record keepers emphasize employee engagement and financial wellness as total assets climb nearly 15% during the year.... read more »
Defined contribution plan record-keeper assets hit $6.9 trillion for the year ended Sept. 30, according to the latest Pensions & Investments'' survey of the largest record keepers.... read more »
Read highlights and watch videos from Pensions & Investments''' 2018 East Coast Defined Contribution Conference in Miami.... read more »
Read about this year's winners and view a complete list of Eddy Award winners from the last nine years.... read more »
Regulatory changes to money market funds in Europe are expected to carry fewer implications for investors and managers than similar reforms did for their U.S.... read more »
Many 401(k) plans are moving away from revenue sharing as executives cite the need for greater transparency, simplicity and democracy in how fees are assessed to participants.... read more »
Asia, a region that's relied on exports to turbocharge its growth in the postwar era, has as much at stake as any corner of the world in ensuring President Donald Trump's decision this month to...... read more »
Traders say SEC proposal a good idea, although it doesn't address off-exchange, trade-at issues...... read more »
China has set lockup periods of one, three and five years for private retirement funds of funds to boost long-term saving.... read more »
Canadian banks and money managers are looking for acquisitions outside the country to expand their investment strategies and client base.... read more »
Some money managers took the chance afforded by February's market dip to add risk to portfolios.... read more »
February's market dip might be a sign of opportunities to come, money management executives say.... read more »
Carried interest was supposed to be addressed in 2017's tax-reform law, but the realities of what didn't change are starting to sink in now.... read more »
Asset owners are looking to microcap equity for alpha production in their portfolios.... read more »
ESG factors are gaining an integral role in European DC plans' default strategies ahead of a regulatory update expected in May.... read more »
Venture capital executives differ on whether the industry is headed for another shakeout, or has become self-sustaining.... read more »
Huge funds, higher valuations and companies staying private longer could add up to disappointment for venture capital investors.... read more »
An eclectic package of retirement savings initiatives is working its way through Congress, raising hopes that new ideas are within reach.... read more »
U.S. corporations expect to contribute more than $32 billion to their defined benefit plans in 2018.... read more »
A volatile regulatory environment in Europe continues to drive opportunities for target-date fund providers.... read more »
Target-date funds providers see the profiling of plan participants as the next opportunity in the growing European market.... read more »
U.S. target-date fund managers continue to find ways to cut costs amid heightened fee scrutiny and increased competition.... read more »
The popularity of target-date funds in the U.S. is pushing money managers to find ways to cut costs to remain competitive, while changing regulations in Europe continue to drive opportunities.... read more »
ETFs worked as they were supposed to during February's market gyrations.... read more »
ETF providers are moving into more niche strategies to attract business from institutional money managers.... read more »
Institutions are taking a different approach to investing in alternatives, focusing on advantages aside from capital.... read more »
Acquisition activity for alternative managers is the highest since the financial crisis.... read more »
The SEC's recent guidance on cybersecurity disclosure doesn't ease pressure on investors to seek more transparency, sources said...... read more »
DOL auditors' tough stance on how hard plan sponsors should try to find missing participants is raising a call for more formal guidance.... read more »
Divestment is not the only course available to institutional owners of gun-makers' stocks.... read more »
Rising hedging costs for Japanese investors in U.S. bonds could benefit European credit as well as emerging markets debt and private debt.... read more »
More work is needed on the definitions and standards for green bonds to become mainstream institutional investments.... read more »
The growing market for green bonds still has a way to go before institutional investors increase allocations.... read more »
Shifting billions of dollars in assets on behalf of local government pension funds into eight pools presents a boon to service providers.... read more »
P&I's Research Center now includes data, including performance, on U.K. pension plans.... read more »
With the first pooling deadline approaching, U.K. pension fund executives are carefully considering their transition management options.... read more »
Legalization of marijuana is boosting warehouse prices and rents in some areas.... read more »
Conversations about what role, if any, investors should play in stemming gun violence are heating up since the shootings in Parkland, Fla.... read more »
Some institutional investors are re-embracing active asset allocation within their portfolios.... read more »
Active investing is making a comeback as asset owners broaden their view from fundamental to a variety of investments that target outcomes.... read more »
Active investing is making a comeback as asset owners broaden their view from fundamental to a variety of investments that target outcomes.... read more »
Long-duration strategies were the top performers in fixed income for the year ended Dec. 31, according to Morningstar data.... read more »
Technology and large-cap strategies led Morningstar's domestic equity separate account/collective investment trust database.... read more »
U.K. defined contribution plans are beginning to mine more participant information in plan design and education efforts.... read more »
Increased demand for leveraged loans has resulted in weaker structures, and money managers are beginning to get worried.... read more »
Mezzanine managers are facing an onslaught of competition from other private credit managers.... read more »
The "synchronized" drop in equity and bond prices is seen as temporary but could prompt investors to consider more derivative-heavy options.... read more »
MiFID II's focus on transparency likely will intensify fee competition among money managers, and that might benefit ETF providers.... read more »
New trading and transparency rules in Europe are set to bring ETFs into the limelight for institutional investors.... read more »
Stock market volatility produces more calls and some more trades, but defined contribution plan participants remain relatively calm.... read more »
Trump's $1.5 trillion infrastructure plan relies heavily on private investors and state and local governments to pay up to $1.3 trillion.... read more »
Institutional investors splurged on private credit last year, making more than $10 billion in new commitments, a 57% increase from 2016.... read more »
Asset owners are looking to private credit to meet assumed return rates amid prospects of a low-return environment over the next decade.... read more »
Faced with a complex array of credit investments and a need to drive returns, asset owners are turning to multiasset credit strategies.... read more »
After five consecutive quarters of small-cap strategies dominating Morningstar Inc.'...... read more »
Some U.S. plans are honing investment portfolios to ride out a decade of expected bad returns.... read more »
MiFID II compliance has overshadowed adherence to the voluntary FX Code of Conduct.... read more »
New firms are joining established money managers in an effort to serve the growing defined contribution market in Europe.... read more »
Rising demand for apartments is pulling institutional investors back into the multifamily market.... read more »
Money managers are eyeing the imminent launch of 'third pillar' private pensions by Chinese regulators.... read more »
Natixis' ESG target-date fund family aims for performance as well as sustainability.... read more »
ESG investing is getting a closer look as a way to increase engagement, diversify lineups, achieve higher returns and manage risks.... read more »
Market appreciation and the newly approved tax cuts have positively affected public managers' bottom lines in the fourth quarter.... read more »
Insurer capacity, patience, could be issue in U.K. pension risk transfers.... read more »
Pension risk transfers are expected to spike in 2018 in both the U.K. and U.S.... read more »
Too many DC plan executives don't know or understand their fiduciary duties, research shows.... read more »
Strong markets powered the P&I 1,000 to $10.33 trillion assets in 2017.... read more »
The ongoing expansion of the ETF market has spurred insurers to finally put stakes in the ground through a mix of acquisition and launches.... read more »
Pension fund investments in hedge funds and hedge fund-of-funds rise 5.6%, P&I survey data show.... read more »
Defined benefit plans among the largest U.S. retirement plans boosted investments in alternatives in the year ended Sept. 30.... read more »
Custom target-date funds continue to dominate among large retirement plans.... read more »
Pension funds held the line on overall active U.S. fixed-income allocations for the year ended Sept. 30, rising 0.4% for the top 200 plans.... read more »
Each year P&I collects data on the largest 1,000 U.S. retirement plans. With data animation, viewers can easily compare size, scope and changes in allocations.... read more »
The total assets of the largest 1,000 U.S. retirement plans reached a record $10.326 trillion as of Sept.... read more »
Asian investors that built up cash positions last year are finding it increasingly painful to keep those low-risk, low-return allocations.... read more »
GWL Realty Advisors announced it had acquired U.S.-based real estate investment manager EverWest Real Estate Partners.... read more »
Technology firms could be the next U.S. money managers, since they have the size, brand recognition and distribution capabilities.... read more »
The SEC's move to pursue more cases in-house instead of through the courts could come to an abrupt end this spring.... read more »
Private equity founders are not as good at smoothly relinquishing control of their firms as they are at making investments.... read more »
Pension funds in the world's largest retirement markets showed strong gains in 2017.... read more »
Pension funds in the world's largest retirement markets will have a year of changes to deal with in 2018.... read more »
Non-bank lenders are seeking European institutional money to close the funding gap left by Basel III regulation.... read more »
An unusual coalition, old-fashioned lobbying and a presidential tweet might have saved retirement savings tax advantages.... read more »
Money management firms looking to grow in China are finding many roads now lead through internet giant Alibaba.... read more »
Investors are concerned that equity market data collected by exchanges could expose trading strategies and volume.... read more »
Generational change at the big alternative investment firms is finally starting to happen. What should investors expect?... read more »
The lure of garnering alpha in an inefficient market is attracting a vanguard of U.S. pension funds to invest in China's A-shares market.... read more »
Central and Eastern European economies are getting a new boost from stronger consumer trends.... read more »
Much like the impact of the Fed's moves on emerging market countries, executives said there is little need to fear moves by other domestic central banks.... read more »
Central bank policies might have less impact on emerging market economies than in the past.... read more »
Several Pensions & Investments' reporters are taking on new assignments.... read more »
Investors shouldn't fear the impact of central bank moves on emerging markets since these economies are in a better place than in recent years to deal with changing monetary policies.... read more »
The new tax law played a role in several companies' decisions to enhance their 401(k) plans.... read more »
In just 18 months, assets at GQG Partners jumped to $10 billion, from $100 million in seed money.... read more »
Building off momentum from 2017, boardroom diversity and climate change reporting are expected to dominate conversations this proxy season.... read more »
Funding relief in Ontario and Quebec could mean less derisking and more investment in alternatives in the new year.... read more »
Integrating ESG factors into investment decisions might help money managers gain assets under management.... read more »
Many public pension plans have reduced their assumed rates of return.... read more »
As the New Jersey Pension Plan's assumed rate of return goes down, the political financing battle heats up.... read more »
European institutional investors are preparing for a rate hike in the new year as the European Central Bank slows quantitative easing.... read more »
2018 is shaping up to be an interesting year on Capitol Hill.... read more »
Investors are closely watching Congress as it races to pass spending bills to avoid a Jan. 19 shutdown.... read more »
Consolidation, the trend to passive, bank divestitures and a spike in appetite among Asia-based buyers drove money management M&A activity.... read more »
Proxy access, director elections, gender pay equity and executive compensations are also expected to play a prominent role this proxy season.... read more »
California Gov. Edmund Brown is taking a stand in several closely watched court cases regarding pension benefits.... read more »
Investment in funds taking stakes in alternative investment managers is growing, but how will the funds ultimately exit their investments?... read more »
Big changes are ahead for two major systems that many index providers and asset managers use for classifying businesses.... read more »
The industrial real estate sector still has a sunny outlook but there are signs that rosy picture might be changing.... read more »
The P&I Defined Contribution Digest is taking a holiday break and will not be published Monday, Dec. 25. Publication will resume Monday, Jan. 8.... read more »
U.S. tax reform is expected to reduce debt issuance in the new year, rocking the boat for high-yield strategies.... read more »
Industry participants are assessing ambitious plans to strengthen Europe's economy and stimulate investment, particularly after Brexit.... read more »
Money managers expect more opportunities for active managers and for technology to play a bigger role in the investment industry in 2018.... read more »
The initial "gang of eight" is bringing out first offerings for high-net-worth and institutional investors on mainland China.... read more »
Retirement plan sponsors and investors will spend the first months of the new year figuring out whether they came out ahead in tax overhaul legislation, or at least untouched.... read more »
Economists and CIOs say 2018 looks like a year for worldwide growth and manageable inflation.... read more »
The ambitious tax overhaul leaves plenty of unanswered questions and fears of glitches due to the speed of its passage.... read more »
The ripple effects of the Trump presidency spread throughout P&I's top 10 stories, from tax reform to private-sector retirement initiatives and more.... read more »
Gregory William Smith, executive director of Colorado PERA, died Dec. 12. He was 56.... read more »
New institutional hedge fund inflows slow, but so do redemptions.... read more »
Hedge fund managers are entering 2018 with a craving for volatility.... read more »
Hedge fund managers are entering 2018 with a craving for volatility.... read more »
Expectations for a Trump administration infrastructure plan has managers hopeful, but many remain cautious.... read more »
Amid accelerating global growth, relatively attractive valuations should lure investors to Asian investment opportunities.... read more »
A growing middle class and economic recovery in Latin America are providing opportunities for money managers.... read more »
For real estate as well as private equity, the wild card in 2018 is whether a recession looms.... read more »
Custody providers look forward to devoting more time to technology in the new year as the regulatory agenda declines.... read more »
DC plan executives will build on best practices in 2018 while exploring new ideas to help participants.... read more »
Infrastructure managers are expecting returns to fall in 2018, but that's not expected to dampen fundraising.... read more »
P&I turns to the experts for their views on what to expect in 2018.... read more »
GPIF hired Sony Computer Science Laboratories to help explore how to incorporate artificial intelligence technologies into long-term management of the plan.... read more »
FirstGroup is the first U.K. private-sector employer to consolidate its pension fund assets within a local government pension schemes pool.... read more »
Revolution Ventures closed a venture capital fund with commitments from a who's who list of money managers and entrepreneurs.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Experts in Ontario are focusing on creating defined benefit income for non-full-time workers.... read more »
Regulations for other securities are spurring the spot FX market to accelerate trading transparency.... read more »
Cryptocurrency investment is not ready for prime time institutional investment, at least for now.... read more »
More European countries are considering collective defined contribution plans as employers deem defined benefit funds unaffordable.... read more »
Money managers are expecting a Santa Claus rally this month, on top of an already good year. But there are hints the Grinch may be hanging around.... read more »
The imminent insolvency of 100 or more multiemployer pension funds is getting attention in Washington, where ideas for a new loan program are forming.... read more »
A whistleblower complaint alleging questionable sales practices at TIAA has raised concerns for some of the firm's clients.... read more »
Nomura has added ETF and institutional muscle, but it sees hope for Japan retail as well.... read more »
Pending tax proposals could end up deciding winners, losers in private equity industry.... read more »
Money management executives increasingly believe a diverse workforce can help in solving problems while allowing employees to do their best work.... read more »
Pensions & Investments has named 61 firms as Best Places to Work in Money Management.... read more »
Second place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
First place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Fifth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Fifth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Second place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Fifth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Fourth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Fourth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
Second place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey.... read more »
The competitive pressure on ETF fees climbed (or dropped) to a new plateau this fall.... read more »
Fourth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey. ...... read more »
Aided by technology, companies are taking a variety of steps to keep employees in the loop and engaged.... read more »
Fifth place winner in Pensions & Investments' Best Places to Work in Money Management 2017 survey of money managers with 100 to 499 employees.... read more »
Pensions & Investments worked closely with Best Companies Group to produce its list of 61 honorees.... read more »
Winners for the 2017 awards for Best Places to Work in Money Management will be announced Dec. 11. Please check back then for P&I's special report and rankings.... read more »
Asset owners could dip toes in cryptocurrency investing through proposed bitcoin futures contracts.... read more »
House and Senate Democrats launched an ambitious idea Thursday to help struggling multiemployer pension funds.... read more »
Despite increased attention to AI and robo-advisers, investment consultants don't see technology as a disruptor.... read more »
SEC maker-taker pilot program seen as more likely as rebate opponents grow.... read more »
The impact of MiFID II on fixed-income trading is a subject of debate.... read more »
Asset owner demands of their investment consultants are becoming more complex and disparate, presenting both a challenge and an opportunity.... read more »
Average state pension plan hedge fund performance jumps more than 1,200 basis points in fiscal year.... read more »
A new paper provides ratios to determine the optimal number of managers an investor should have in a single asset class.... read more »
Capital Group hires a veteran liability-driven investment executive to spearhead the expansion of its own LDI business.... read more »
JP Post Bank's chief investment officer believes global credit valuations are now "reasonably stretched."...... read more »
Some DC plans use Roth auto enrollment to boost participation among younger, lower-paid workers.... read more »
Alternative investment managers are stepping up their pursuit of permanent capital to ensure reliable streams of fee income.... read more »
Japan's giant GPIF emphasizes enhancing beta rather than expending time and resources on eking out benchmark-beating gains.... read more »
As Congressional Republicans rush to pass tax reform, public pension plan officials are determined to see one new idea not make it into law.... read more »
Bid-ask spreads of some of the biggest ETFs are lower than the underlying securities, largely because they are a more favorable investment.... read more »
The list of top-performing managers for the year ended Sept. 30 remains largely unchanged from the previous quarter, with high-yield strategies still on top.... read more »
Small-cap equity strategies dominated Morningstar's domestic equity separate account/collective investment trust database, for the year ended Sept. 30.... read more »
House and Senate lawmakers are taking diverging paths when it comes to how carried interest is treated.... read more »
Colchester Global Investors, focused entirely on sovereign bonds, is enjoying strong inflows from Asian institutional investors this year.... read more »
Several real estate-related firms are making early investments in real estate analytics and technology.... read more »
State Street Global Advisors' new CEO has taken over a company whose institutional business has been plagued with outflows.... read more »
A Treasury report is recommending more protection for sponsors regarding in-plan annuities.... read more »
Money managers are split on the effect of the MiFID II rules on fixed-income research, its quality and availability.... read more »
DC plans across Europe increasingly consider actively managed allocations as low-cost diversification is harder to achieve.... read more »
Money managers around the globe are upping exposure to Japanese equities following strong earnings growth and the outcome of recent elections.... read more »
After a dismal 2016, U.S. endowments had a good year, thanks to strong markets and smart asset allocation.... read more »
After a dismal 2016, U.S. endowments had a good year, thanks to strong markets and smart asset allocation.... read more »
Pensions & Investments is seeking responses to its annual survey of the largest U.S. retirement funds.... read more »
More U.S. corporations than ever are offloading pension fund liabilities, and doing so more strategically.... read more »
Real estate managers are in the early stages of using data collected at their properties — gleaned from such diverse sources as facial recognition software to social media programs — to...... read more »
The opening positions of House and Senate tax reformers spell mostly good news for retirement plans, but hold some unwelcome changes.... read more »
The growth of investing in green bonds and fixed-income strategies weighted by ESG factors is an emerging trend among money managers.... read more »
International Paper Co.'s journey to an annuity buyout began in 2004.... read more »
For the fifth consecutive quarter, small-cap equity strategies dominated Morningstar's domestic equity separate account/collective investment trust database, occupying six of the top 10 spots for the...... read more »
For a third straight year, Vanguard is the largest manager of mutual funds for defined contribution plans, according to P&I's latest survey.... read more »
New risk-parity indexes catch attention of institutional investors.... read more »
Money managers are becoming increasingly cautious and preparing for the next phase in the global economic cycle.... read more »
New compensation laws across the U.S. banning employers from asking an applicant's salary history will change how money managers recruit.... read more »
Strong markets and a high demand for alternatives and fixed income are leading to strong inflows among publicly traded money managers.... read more »
Money managers remain interested in retail as the sector goes through massive changes, hoping they have correctly predicted where retail will land.... read more »
Asset owners are seeing a growing number of strategies designed to take the sting out of a market correction.... read more »
Once burned but confident that more control, oversight and transparency can make it work this time around...... read more »
Plaintiffs are encountering a high bar for challenging the use of company stock as an investment option.... read more »
Northern Trust Asset Management's new chief is aiming to expand the firm's ETF and factor-based assets under management.... read more »
A recent performance rebound at INTECH has company officials hoping it will help reverse outflows that have plagued the firm.... read more »
The CPP's enhancements could lead to plan design and benefit formula changes at other public and corporate retirement plans in Canada.... read more »
Assets run by leading passive money managers grew 9.9% in 2016 to $16.7 trillion, a faster rate than growth across the world's largest 500 managers.... read more »
For a third straight year, Vanguard is the largest manager of mutual funds for defined contribution plans, according to P&I's latest survey.... read more »
Digging through data makes the use of artificial intelligence in derivatives trading a work in progress, say speakers at an FIA conference.... read more »
Plan executives and regulators must engage more with participants to encourage increased employee contributions, conference panelists say.... read more »
The lack of political will to address a looming Social Security funding crisis is prompting others to get creative.... read more »
President Donald Trump intends to nominate Preston Rutledge to serve as assistant secretary of labor for the Employee Benefits Security Administration.... read more »
Partners Group's Peter Wuffli said his firm's relative-value, multiasset-class capabilities will be key to meeting Asia's growing appetite for private markets.... read more »
More investors are showing an interest in factor-based fixed-income investing, but a number of important considerations must be heeded.... read more »
Venture capital's old guard is under pressure by smaller, specialized competitors that are creating the first institutional relationships with entrepreneurs.... read more »
Fintech firms are playing a growing role in helping large pension funds assess risk across their portfolios.... read more »
Pensions & Investments is seeking responses to its annual survey of the largest U.S. retirement funds.... read more »
A potential delay in the SEC's launch of the consolidated audit trail over cybersecurity concerns could could stall another regulatory initiative.... read more »
European pension funds again are grappling with foreign-exchange risk, given the euro's rise against other major currencies.... read more »
The 2017 Excellence & Innovation Awards demonstrate diversity of style and substance but with common goals.... read more »
Texas Teacher Retirement System overhauls its global equity portfolio to produce more alpha.... read more »
Texas Teacher Retirement System overhauls its global equity portfolio to produce more alpha.... read more »
Money managers are seeing some interest picking up for portfolios aligned with the United Nations' sustainable development goals.... read more »
Asset owners are working to determine how the United Nations' 17 sustainable development goals fit into their investment portfolios.... read more »
New mortality tables from the IRS are expected to raise premiums paid by plan sponsors to the Pension Benefit Guaranty Corp.... read more »
The largest real estate managers' AUM showed steady growth in the year, with mezzanine and loan strategies showing the largest increases.... read more »
P&I and the Defined Contribution Institutional Investment Association had some great help when it came to evaluating entries in the 2017 Excellence and Innovation Awards.... read more »
Deborah Goldberg received an Innovation Award for her work setting up a state-run multiemployer plan for non-profits in Massachusetts.... read more »
Employees Retirement System of Texas worked to highlight the many advantages of staying in its plans after retirement.... read more »
Movement Mortgage's Aimee Dodson says helping employees get out of debt can lead to better outcomes in retirement savings.... read more »
Kathleen Long made sure she was at every employee session to explain design changes to the plan.... read more »
Sandy Blair sees the redesign as taking the mystery out of the complex 403(b) marketplace.... read more »
Katie Archer is working her way around the globe to serve participants in each country.... read more »
Farmland and certain sectors of real estate debt exhibited the fastest growth in the year ended June 30.... read more »
Quest for steady income helps push worldwide assets up 8.7% in the year ended June 30.... read more »
For the sixth year, P&I and the Defined Contribution Institutional Investment Association recognizes innovation and excellence by plan sponsors to improve the retirement security of...... read more »
The Securities and Exchange Commission's announcement this month that its EDGAR corporate filing system was hacked a year ago is sparking concern that the agency is pushing others on cybersecurity...... read more »
Transaction cost analysis providers are moving into more complex derivatives asset classes, in part to meet MiFID II requirements.... read more »
Manning & Napier is losing clients, staff and assets. But the firm is refocusing its priorities, which its president hopes could pay off.... read more »
Structured credit hedge funds are losing their luster and assets.... read more »
Deadline to enter Pensions & Investments 2018 Eddy Awards is Oct. 13.... read more »
Real estate managers and investors are boosting investments in workforce and affordable multifamily buildings.... read more »
Defined benefit plan sponsors are facing some tough decisions.... read more »
Pension funds and money managers would face additional paperwork from the ECB under a proposed regulation that would compel them to report assets and liabilities.... read more »
DC plans act to educate participants, reduce red tape in response to natural disasters...... read more »
Corporate litigation finance investments are attracting assets from endowments as well as attention from pension funds.... read more »
Republicans launch what promises to be a lively debate over tax reform with a framework calling for lower tax rates.... read more »
Cybersecurity is moving up institutional investors' agenda as a responsible investment consideration.... read more »
Investors know they need to ask cybersecurity-related questions of portfolio companies, but getting started isn't easy.... read more »
Companies – not just investors and their managers – are increasingly viewing cybersecurity as a business and operational risk.... read more »
With ETF inflows smashing records and passive gaining assets at the expense of active, more managers are seeking a slice of the pie.... read more »
Active mutual fund and exchange-traded fund managers are holding out hope that the ETF marketplace and asset management industry still have a place for them.... read more »
The rise of passive investing has resulted in a major boon for index providers.... read more »
Tepid market returns combined with rising liabilities to push down the average funding ratio of the 100 largest U.S. public pension plans.... read more »
Even with an increase in contributions, ever-rising liabilities paint picture of a dismal future for the 100 largest U.S. public pension plans.... read more »
Firms continue wading into the market for exchange-traded products despite crowds.... read more »
Blueprint Capital raises $800 million for credit hedge fund solutions platform.... read more »
Hurricane Irma has created some headaches for pension plans and money managers in South Florida, but emergency preparedness has prevented too much disruption.... read more »
New York State Teamsters Conference Pension and Retirement Fund, Syracuse, will implement a benefit reduction plan on Oct.... read more »
Institutional investors play a prominent role in "Principles," Raymond T.... read more »
The reduction of the trade settlement cycle to trade plus two days, or T+2, in Canada went as smoothly as it did in the U.S.... read more »
Canadian pension plans have a leg up on U.S. counterparts when it comes to compensating private equity direct investments staff.... read more »
The giant California Public Employees' Retirement System is mulling new approaches to private equity investing.... read more »
Money managers fret about valuations, but agree they need to remain risk-on in order to satisfy investors' thirst for returns.... read more »
Aon's pending acquisition of The Townsend Group highlights the pressures facing specialty consultants.... read more »
The success of reducing the settlement cycle in the U.S. to T+2 has some people wondering if there could be a further reduction.... read more »
A new Nevada law increases fiduciary responsibilities, bringing praise and criticism.... read more »
Westpac's delay in finding a suitable owner for its Hastings' infrastructure unit has prompted one big client's defection and raised fears of another.... read more »
The private equity secondary market has become a white-hot investment sector, with managers raising record amounts of capital.... read more »
Hedge fund assets grew 3% for the year, Pensions & Investments' survey shows.... read more »
Hedge fund assets grew 3% for the year, Pensions & Investments' survey shows.... read more »
Though somewhat lagging in the fight for cybersecurity, institutional investors are waking up to the importance of keeping data safe against hackers.... read more »
U.K. corporate retirement plans are turning to target-date funds in the wake of pension freedoms adopted in 2015.... read more »
An investment manager speaks – sparingly – of his firm's cybersecurity efforts.... read more »
Hedge fund managers are responding to asset owners' requests for new or customized versions of flagship hedge funds.... read more »
Faced with a rising number of cyberattacks retirement plan executives are beefing up security and working with providers to create better ways to keep assets and data safe.... read more »
Canadian private pension plans can learn from their public plan counterparts, conference participants told...... read more »
Illinois Teachers sets its fiscal year 2018 alternative investment plans, approving up to $2.1 billion for private equity and real estate.... read more »
Executives at Ontario-based public pension plans are enlisting their participants to talk up defined benefit plans to friends and neighbors.... read more »
Private credit firms are on a hiring spree in search of those with experience in direct lending, loan origination, structured credit and more.... read more »
Strong public equity markets helped public pension funds get double-digit returns in fiscal year 2017, after two years of weak numbers.... read more »
Hurricane Harvey left Houston plan sponsors and money managers scrambling to implement closures and disaster recovery plans.... read more »
Vanguard Group Inc. has topped $3 trillion in worldwide institutional assets under management, less than two years after reaching $2 trillion.... read more »
Many retirement savers aren't taking advantage of a Roth feature in DC plans, even though more sponsors are offering one.... read more »
Venture capital and private equity managers love subscriptions, but there are pitfalls investing in companies with recurring-fee models.... read more »
Some firms are breaking from the SaaS-hungry pack and investing in companies that don't yet have a subscription model.... read more »
Plan sponsors and service providers have until Oct. 6 to submit entries for Pensions & Investments' 2018 Eddy Awards.... read more »
The first multiemployer fund approved for a two-pronged rescue plan of benefit cuts and partitioning offers a map for other struggling funds.... read more »
Positive earnings surprises, relatively low valuations and stellar GDP growth have yet to ignite a Japanese stock market rally this year.... read more »
Hurricane Harvey is helping to shine a light on the risk the increased incidence of extreme weather is posing on investments.... read more »
The latest survey by P&I and Willis Towers Watson shows growth in assets of the 300 largest retirement funds was largely driven by equity gains.... read more »
The U.K.'s Brexit vote is affecting how some institutional investors are thinking through their allocations and investment tenets regarding the region.... read more »
Academics and quant managers have different opinions on whether exchange-traded funds increase or reduce volatility.... read more »
No names change, but world's 20 largest retirement plans gain 7.1%.... read more »
Pensions & Investments' annual look at trends among the world's 300 largest retirement funds.... read more »
Strong public equity markets helped public pension funds get double-digit returns in fiscal year 2017, after two years of weak numbers.... read more »
Proposals to scale back the Volcker rule won't impact the corporate bond market still working under Basel III capital requirements.... read more »
Retirement industry lobbyists are bracing for the worst as Washington prepares for the next big battle over tax reform.... read more »
Overseas investors remain wallflowers at "One Belt, One Road" infrastructure party.... read more »
A growing number of asset owners and money managers are repositioning their portfolios to ride out market turbulence.... read more »
University of California investment lineup restructuring includes rare use of collective trusts in 403(b) plan.... read more »
As the DOL continues to make changes to a fiduciary rule originally expected to be finalized by January, plan sponsors will have to step into the breach.... read more »
Caisse de Depot et Placement du Quebec restructured its portfolio to take advantage of opportunities in private credit and specialty finance.... read more »
Scrapping LIBOR in 2021 could affect the derivatives market, with a knock-on effect for pension funds' LDI portfolios.... read more »
Technology and its potential to disrupt and impact investments is making its way up the agenda for institutional investors.... read more »
The public battle over Uber Technologies has raised concern among venture capitalists about corporate governance.... read more »
American Century Investments expects to finalize in the next few days a private placement debt offering that will give it the funding for planned purchases of two asset managers specializing in...... read more »
Small-cap equity strategies once again made up the bulk of Morningstar's domestic equity separate account/collective investment trust database.... read more »
Investment experts are weighing in on threats to global markets.... read more »
Disappointed by returns, Hawaii Employees' Retirement System reconsiders its investments in venture capital.... read more »
Global money managers are weighing the risks and opportunities presented by China's "One Belt, One Road" program.... read more »
Domestic equity and fixed income spurs overall AUM growth among DC money managers.... read more »
High-yield strategies once again dominated the domestic fixed-income rankings of top-performing managers for the year ended June 30.... read more »
Defined contribution plan money managers saw a surge in passive assets under management last year compared to 2015, according to Pensions & Investments''' latest survey.... read more »
High-yield strategies dominate the list of top-performing fixed-income managers in the second quarter.... read more »
Los Angeles City Employees' Retirement System renewed Portfolio Advisors' private equity consulting contract for a year, but it was not easy.... read more »
Greece reached a milestone in July with a return to the bond markets. But love for Greek paper wasn't universal.... read more »
Ideas for improving retirement security are starting to gain traction in Washington from both sides of the aisle.... read more »
The Snap IPO has inflamed tensions between investors focused on engagement and companies eager to insulate themselves from shareholders.... read more »
When it comes to MiFID II, what does not kill active managers will make them stronger.... read more »
ESMA's principles covering non-EU money managers could add hurdles for those firms in working on the Continent.... read more »
Several European financial regulators welcomed ESMA's opinions on principles regarding relocations to the European Union from the U.K...... read more »
Money managers are not only split when it comes to their views on investors' risk-taking, but also when it comes to their own portfolios.... read more »
Money managers are divided when it comes to whether institutional investors are taking enough risk in their portfolios.... read more »
Defined contribution plans in the U.K. are actively thinking about how to incorporate infrastructure into portfolios...... read more »
Investors wanting high-return assets without paying high prices need to innovate through co-investments or by partnering with emerging managers.... read more »
A quick jump in interest rates could lead some pension plans in LDI programs to use transition managers when moving assets to derisk.... read more »
Rising equity markets helped boost assets under management for publicly traded money managers in the second quarter.... read more »
A shift in lending is making private credit investment more risky, skewing benchmarks and distorting returns of some managers.... read more »
"One share, one vote" remains corporate governance gospel in an age of heretics.... read more »
A building backlash against Snap's extreme departure from the corporate governance "one share, one vote" gold standard looks set to discourage would-be imitators.... read more »
Real assets managers, particularly in timber and agriculture, are entering a rocky period.... read more »
Hybrid DB/DC plans aren't the only solution to fixing pension underfunding troubles.... read more »
Pensions & Investments'' is accepting entries for the 2018 Eddy Awards, recognizing the best in defined contribution education efforts.... read more »
A new Connecticut law aims to increase transparency on fees and potential conflicts of interests covering non-ERISA 403(b) plans.... read more »
Price pressure on managed futures strategies is creating investor opportunities.... read more »
EnerVest situation underscores the perils of leverage in energy funds.... read more »
Money managers are taking a hard look at oil, with some making strategic allocations to energy companies while others are watching for the right opportunities.... read more »
A new DCIIA report urges plan sponsors to step up efforts to enhance employees' retirement security.... read more »
Though some industry observers say Pennsylvania's new hybrid plan is a step in the right direction, others say it doesn't fix the state's underfunding problem.... read more »
European pension funds are finding a welcome stream of returns by lending out high-quality fixed-income assets.... read more »
European pension funds are finding a welcome stream of returns by lending out high-quality fixed-income assets.... read more »
CalPERS has set aside $7 billion to give to smaller managers who are eligible to graduate from its emerging managers program.... read more »
Class-action lawsuits are key legal tools for investors, but a recent Supreme Court decision and government positions could make them harder to pursue.... read more »
GPIF's annual report noted the pension giant's low payouts, and managers say they now are having broad discussions with the fund on fee structures.... read more »
Shundrawn Thomas, the newly named president of Northern Trust Asset Management, played a pivotal role in revitalizing the manager's ETF business.... read more »
Money manager believes it pays to be selective in European stock picks.... read more »
European equities — caught between improving economic data and ECB hints of ending loose monetary policy — have money managers in a quandary.... read more »
CalPERS is examining the role timberland plays in the $323.6 billion pension fund's portfolio.... read more »
Pontifax Global Food and Agriculture Technology Fund is making growth capital investments in agriculture companies with a focus on innovation.... read more »
More deals might be on the horizon for infrastructure managers, but returns are lagging.... read more »
Falling yields and the growing demand for infrastructure have resulted in lower average returns for infrastructure in recent years, but some investors are looking beyond returns.... read more »
President Donald Trump's decision to withdraw from the Paris pact boosts flows to ESG-related investments.... read more »
GFOR conference panelists said the market and economic challenges facing pension plans now will place a premium on governance and innovation.... read more »
Nine states are changing how private-sector workers without access to an employer-sponsored plan can save for retirement.... read more »
Kristi Mitchem's first year as head of Wells Fargo Asset Management included an acquisition, consolidation and dealing with a scandal's fallout.... read more »
Many institutional investors will be seeing returns in the low-double-digit range for the latest fiscal year, a welcoming reprieve from the previous two years.... read more »
Making retirement readiness and financial literacy information simple is hard.... read more »
T. Rowe Price's program to send equity trade order flow to high-frequency trading firm Virtu Financial has been a success, and others are expected to follow suit.... read more »
Some question whether passive investing is dampening volatility.... read more »
Money managers disagree on whether investors and markets are complacent, but they agree that external factors are feeding into the lower levels of the VIX.... read more »
Officials in several states are watching closely as Oregon launches the first program of its kind.... read more »
Peter L. Bain leaving OM Asset Management as CEO surprised many, although slow growth and high costs may have led to the leadership shakeup.... read more »
Investors and tenants are pushing real estate managers to make their properties more environmentally sustainable.... read more »
Incoming benchmarks regulation in Europe could leave investors with fewer indexes to choose from.... read more »
Northstar Commercial Partners has interests that extend beyond environmental concerns, to investments that will have a positive social impact.... read more »
American workers, employers and the government are going to have to get used to a new definition of retirement and retirement plans.... read more »
Money managers, pension fund executives, corporate leaders and other experts share insights and expertise about the challenges facing the retirement industry worldwide, at P&I's annual Global...... read more »
Financial projections for Pennsylvania's new legislation show how long it can take, given the legal and political constraints, to meaningfully reduce the burden on state budgets.... read more »
With many thinking the SEC's tick size pilot hasn't benefited small-cap stocks, what other ways are there to increase liquidity — and potential returns?... read more »
Summer, winter, spring or fall, PSCA's Tobi Davis uses a time-tested strategy to reap an unlimited supply of great reads.... read more »
Market participants foresee mighty oak tree growing from MSCI's China A shares acorn.... read more »
The governance of U.S. public pension boards is under scrutiny — from fees to salaries to investment performance. While every system is unique, common questions must be asked.... read more »
SSGA executives say the integration of GE Asset Management will be completed by year-end.... read more »
Money managers without EU-based portfolio management capabilities might lose the right to service asset owners on the Continent.... read more »
Smarter plan designs help defined contribution sponsors close the auto-enrollment savings gap...... read more »
If you're looking for summer reading, here's a sampling of what is on the lists of P&I readers.... read more »
As the Fed prepares to unwind its massive balance, fixed-income managers are preparing for anything.... read more »
Legislature restricts staff discretion over Texas Employees Retirement System's alternative investments.... read more »
The South Carolina Retirement System Investment Commission has made almost all of the significant changes recommended by a 2014 report.... read more »
Increasingly complex investment portfolios, and the lack of in-house staff, is driving institutional investor appetite for OCIO services.... read more »
At a moment when passive equity managers are gaining ground on active, Willis Towers Watson touts the joys of high-conviction stock picking.... read more »
Business is booming at Dimensional Fund Advisors, which recently crossed the $500 billion under management mark.... read more »
CBRE Global Investors bulks up on infrastructure by acquiring majority interest in Caledon Capital Management...... read more »
Interest in infrastructure is growing, thanks to investor demand and a focus on private investment in infrastructure by President Trump.... read more »
Dimensional's target-date funds, launched in 2015, count $479 million in assets under management.... read more »
British Columbia's real estate investment management unit is looking to boost its international portfolio while hanging on to its Canadian investments.... read more »
After a two-year hiatus, some alternative investment managers are increasing their energy investments.... read more »
Since the 2015 Paris climate accord, top institutional investors have accepted climate change as a risk that must be addressed.... read more »
Transition managers are seeing a spike in moves to passive equities from active strategies among public defined benefit funds since the start of the year.... read more »
Asset owners believe in the downside protection of systematic managed futures strategies, pouring money into the space...... read more »
Some money managers say clients are bullish about investing overseas and willing to take more risks internationally than in the past few years.... read more »
Asset owners are becoming more concerned with geopolitical risks, but they're also more bullish about global investing.... read more »
Amid uncertainty over the Labor Department's fiduciary rule, record keepers offer varied services.... read more »
Plan sponsors' fiduciary rule mantra: Read the fine print.... read more »
Congress is moving forward with efforts to ease regulation of private equity firms.... read more »
Even with a recent Supreme Court ruling, the fight over church-plans exemption from federal pension law expected to continue.... read more »
Private equity firms' portfolio companies are increasingly growing by acquisition rather than increasing earnings organically.... read more »
Supervisory authorities in London and on the Continent are preparing for what comes next for money managers in adopting Brexit.... read more »
A year after U.K. citizens voted to leave the European Union, more questions than answers remain for European pension funds and other asset owners.... read more »
A growing number of insurance companies in Tokyo, Seoul and Taipei are doing their part this year to make American infrastructure great again.... read more »
Like it or not, oil and gas prices have a powerful impact on investors' portfolios — and not just on energy investments.... read more »
The momentum behind investor moves to address climate-related risks and opportunities in institutional portfolios continues to build.... read more »
The effects of fossil-fuel prices on portfolios look set to diminish as investors look to make their portfolios resilient to climate change risks.... read more »
The deadline for entering Pensions & Investments' 2017 Excellence and Innovation awards program has been extended to June 9.... read more »
New Jersey legislators and Gov. Chris Christie need to act quickly to address the annual dilemma of the state budget and the health of the New Jersey Pension.... read more »
New Jersey legislators and Gov. Chris Christie need to act quickly to address the annual dilemma of the state budget and the health of the New Jersey Pension.... read more »
New Jersey legislators are fighting with Gov. Chris Christie over the fate of the Police and Fireman's Retirement System.... read more »
New Jersey legislators are fighting with Gov. Chris Christie over the fate of the Police and Fireman's Retirement System.... read more »
President Donald Trump's fiscal year 2018 budget proposal contains few details about how it would affect retirement savings.... read more »
Eager to prove their worth, active money managers are working in tandem with the long-term investment horizons of institutional investor clients.... read more »
Passively managed domestic fixed-income assets surged in 2016, jumping 16.8% for the year to $639.4 million, P&I'' research shows.... read more »
Defined contribution money managers posted record assets under management last year of $5.95 trillion, up 8.6% from 2015, P&I'' research shows.... read more »
Money managers see opportunities in a number of frontier market countries right now.... read more »
Major barriers to long-term thinking by money managers remain — particularly when it comes to investment processes.... read more »
After a six-year legal battle, a Missouri public school pension plan quietly settles its securities-lending lawsuit against State Street Bank & Trust Co.... read more »
Client demand for more customized and factor-based solutions is driving growth within the subadvisory industry.... read more »
Exchange-traded funds were one of the fastest growing investment vehicles in 2016, jumping 23%, P&I'''s annual survey finds.... read more »
Assets under management in emerging markets equities and debt rebounded in 2016 as managers in more than withstood political challenges.... read more »
Pensions & Investments''' editorial team was recognized by the American Society of Business Press Editors with awards for its news coverage.... read more »
A part of the latest CFTC proposal for speculative position limits on certain physical commodities could make it difficult for asset owners to comply.... read more »
Actively managed strategies are still seeing inflows, but the bulk of that institutional capital is going only to a small number of managers — and strategies.... read more »
Liability-driven investors increasingly are turning to alternative credit to pump up returns, cash flow and diversity in their portfolios.... read more »
China's domestic A shares should gain a toehold in MSCI Inc.'s global emerging markets index when the revised measure is released next month.... read more »
Deadlines are fast approaching to submit entries for P&I'''s Excellence and Innovation awards as well as Best Places to Work in Money Management program.... read more »
Custodians and third-party administrators increasingly are outsourcing valuation functions for private credit as the surge of institutional investor interest in the strategies raises concerns.... read more »
Frontier markets are back in vogue for money managers worldwide, but now the subsector is earning its right to stand alone in institutional investor portfolios.... read more »
An equity market bump after the election of President Donald Trump helped increase money manager assets in 2016.... read more »
The CFA Institute is giving financial technology expanded weight in its curriculum and Chartered Financial Analyst examinations.... read more »
Facing increased PBGC variable premiums and potential corporate tax reform, U.S. corporations are accelerating their pension contribution schedules.... read more »
High-yield strategies dominate the list of top-performing fixed-income managers in the year ended March 31.... read more »
Small-cap managers dominate the ranks of top-performing domestic equity strategies in the year ended March 31.... read more »
Safe harbors for state efforts to launch private-sector retirement savings initiatives are no more, leaving states to figure out their next steps.... read more »
Cash and other defensive assets are creeping up in fixed-income and multiasset credit portfolios.... read more »
Defined contribution plans are nudging participants to expand contributions by upping initial deferrals to as much as 6% or more.... read more »
A dull textbook on pensions started Olivia Mitchell on a career as a retirement educator, researcher, thought leader and award winner.... read more »
Corporate governance is among factors driving shareholder activism among institutional investors in the U.K. and continental Europe.... read more »
Capital markets gave publicly traded money managers a boost in the first quarter, but managers still face difficulties generating organic growth.... read more »
Puerto Rico's fiscal tug-of-war with pensioners, bondholders, other creditors and its own finances starts a new, uncharted chapter this week.... read more »
Janus Capital Group and Henderson Group hope to show that a cross-continent combo can be more successful than either company operating alone.... read more »
An impending code of conduct among FX market participants won't necessarily mean better execution and trading costs for asset owners...... read more »
The abrupt termination of Peter Kraus as chairman and CEO of AllianceBernstein by AB's parent AXA points to possibly more changes.... read more »
The growing ranks of large Asian institutional investors making initial allocations to hedge funds and private markets are boosting global fund-of-funds firms.... read more »
The growing ranks of large Asian institutional investors making initial allocations to hedge funds and private markets are boosting global fund-of-funds firms.... read more »
High-yield strategies once again top the list of outperforming fixed-income managers during the first three months of 2017.... read more »
U.S. corporations are accelerating their schedules of pension plan contributions as they face increasing PBGC variable premiums and imminent corporate tax reform.... read more »
Canadian retirees have an array of investment vehicles at their disposal, but education is key in knowing which defined contribution investment option is best.... read more »
Canadian retirees have an array of investment vehicles at their disposal, but education is key in knowing which defined contribution investment option is best.... read more »
Seeking to improve overall risk and turn combination, JM Family Enterprises has added less liquid investments to its 401(k) and profit-sharing plans.... read more »
To help meet plan executives' daily valuation and liquidity demands on the private equity side, two firms have launched strategies that include a liquid-asset allocation.... read more »
Despite differing investment objectives, a move into alternatives may foster opportunities for money managers to play a role in asset management.... read more »
European pension funds continue to increase allocations to U.S. real estate, seeking to diversify and hunt down yield that remains scarce domestically.... read more »
European pension funds continue to increase allocations to U.S. real estate, seeking to diversify and hunt down yield that remains scarce domestically.... read more »
Many traders think the Order Protection Rule should go, but some see value in directing trades to exchanges based on the best price.... read more »
Alternative investment managers are factoring in a recession — in as few as three years — into their investment calculus.... read more »
The IRS hopes to finalize new mortality tables by 2018. If it stays on track, corporate pension plan sponsors will see a 2.9% jump in liabilities next year.... read more »
Fewer clients, a low-return environment and increased regulatory costs are creating an increasingly challenging environment for mid-sized asset managers.... read more »
While midsized money managers might be struggling with myriad pressures, some say being midsized has many benefits over boutique and larger firms.... read more »
CalSTRS is considering its own activist investment program to improve management, profitability and stock prices of selected companies.... read more »
Pensions & Investments' Best Places to Work in Money Management program is now open.... read more »
With the new administration hitting its first 100 days, P&I goes back to sources to gauge opinions about President Donald Trump's policies.... read more »
Illiquid investments are getting a closer look from some defined contribution executives seeking plan diversification as well as higher potential long-term returns.... read more »
Many industry participants believe fixed-income ETFs represent the greatest opportunity for growth across the ETF ecosystem.... read more »
Individual and group decumulation products broadly available in Canada.... read more »
Canadian defined contribution plan executives are facing the question of what retiring participants should do with their money.... read more »
DC retirement plan executives and service providers in Canada worry that the first wave plan participants are unprepared — and things may only get worse.... read more »
Defined contribution executives like the diversification and return prospects but focus on daily valuation and fees hurts illiquid investments.... read more »
RiskWatch provides recent data on volatility and correlation, the two components of risk, for U.S. and global equity and fixed-income markets.... read more »
ETF providers say they're seeing increased interest and allocations from institutional investors and money managers, driven by several factors, including a move to smart-beta strategies.... read more »
Cambridge Associates anticipates strong business growth in an Asia-Pacific market where endowments and foundations are pretty rare.... read more »
With exchange-traded fund usage on the rise, ETF providers say the growth of smart beta has also been a boon.... read more »
Money managers are betting investors will continue to shift a portion of real estate allocations to credit and that the new money pouring in won't swamp the investment opportunity.... read more »
Constrained by low discount rates, the average funding ratio of the 100 largest U.S. corporate defined benefit plans slid again in 2016, dropping to 84.5% from 85.1% in 2015 and 85.7% in 2014.... read more »
Investors are taking heed of the 'Trump gap' — a measure of President Donald Trump's campaign promises vs. implemented reforms — and are starting to adjust accordingly.... read more »
Uncertainty abounds as alternative investment managers have questions about potential tax reforms, but no answers.... read more »
Global custody firms are engaged in a data analytics "arms race," with the battle likely to favor those that can give clients an edge in managing their investment portfolios.... read more »
The debate over whether county and municipal pension plans should join their state systems is heating up.... read more »
Institutional investors and money managers could become forced sellers of South African bonds, as the reality of the country's downgrade by credit rating agencies sets in.... read more »
Impending European regulations and calls for fee transparency could result in the buying and selling of research on an exchange.... read more »
Fees and lawsuits remain big concerns for defined contribution plan executives and consultants even as plan costs have fallen in recent years.... read more »
Some large institutional investors didn't pay high fees for hedge fund investments in 2016, but the result came at the cost of returns.... read more »
Glen Falls Hospital makes big changes to 403(b) plan to lower costs, increase plan choices and improve the retirement plan's design.... read more »
As a drawn-out battle over a new fiduciary standard comes to an end, for now, plan sponsors see an opportunity to do more for plan participants.... read more »
Credit managers are raising mountains of capital for private credit vehicles just as some industry insiders recommend investor caution as returns falter...... read more »
Eight of 11 publicly traded asset managers or firms with asset manager divisions, reporting so far, cut total CEO compensation in 2016 from the previous year.... read more »
Some credit managers see investment opportunities in helping managers of collateralized loan obligations cope with the new risk retention requirements.... read more »
Demand for alternative credit among asset owners hit a new high in 2016, led by distressed debt commitments.... read more »
Constrained by low discount rates, the average funding ratio of the 100 largest U.S. corporate defined benefit plans fell again in 2016.... read more »
Nikko Asset Management's goal of becoming more relevant to overseas investors remains a work in progress, but the Tokyo-based manager's domestic business has been picking up steam.... read more »
Oregon Investment Council is seeking to bulk up staff to insource more assets and lower costs as it seeks to derisk its portfolio.... read more »
China's fund-of-funds industry is set to play an increasingly important role in shaping its fledgling hedge fund sector, but can China keep it in check.... read more »
As the U.K. government begins Brexit negotiations, investors are split on whether the risks associated with exiting the European Union have yet been priced into equity markets and the currency.... read more »
Real estate managers are moving out of the city center, investing in new areas to escape the crowd of capital looking to invest in the urbanization trend.... read more »
Most traders and market structure analysts foresee a smooth transition to a T+2 settlement cycle in the U.S.... read more »
The new chairwoman of the Oregon Investment Council would like the panel to focus on the big picture, including the complexity and illiquidity in its portfolios.... read more »
New rules in Europe are forcing money management firms to scrutinize the way they pay for investment research.... read more »
The 2017 Excellence and Innovation Awards contest, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Assn., is accepting nominiations.... read more »
Cometa, ERAFP and other European pension funds welcome unrestricted access to investing in more volatile asset classes.... read more »
Sustainable investing, which has long had a foothold in Europe, is growing rapidly in the U.S., driven by women and millennials.... read more »
CCB Principal is looking to lead the way in offering risk-based funds of funds to a quarter-billion cohort — and rising — of Chinese retirees.... read more »
In technology race, BlackRock reorganizes active equity platform, turns to quantitative computer models.... read more »
BlackRock is far from the only asset manager focusing on technology upgrades to adapt to an increasingly evolving investment landscape.... read more »
BlackRock, Vanguard and State Street command 80% of ETF assets under management in the U.S., but smaller institutional investors continue to look beyond the Big 3 for unique products.... read more »
Defined contribution plan record keepers focused on promoting financial wellness in 2016, during a year in which they saw their assets increase more than 9%.... read more »
Defined contribution plan record-keeper assets hit $5.5 trillion for the year ended Sept. 30, according to the latest Pensions & Investments survey of the largest record keepers.... read more »
Demand for U.S. Treasury STRIPS is soaring, fueled by rising interest rates and U.S. pension plans' desire for asset-liability matching, rising to a 17-year high at the end of 2016.... read more »
Canada's 2017 budget includes grand plans for infrastructure but few details on whether its proposed Canada Infrastructure Bank can get non-government investors like pension plans on board.... read more »
Speakers at P&I's East Coast Defined Contribution Conference discussed different strategies to bolster retirement security, but were reminded of the uncertainty in Washington that could affect...... read more »
Speakers at P&I's East Coast Defined Contribution Conference discussed different strategies to bolster retirement security, but were reminded of the uncertainty in Washington that could affect...... read more »
Building and maintaining participants' trust and loyalty were prominent themes at the P&I's East Coast Defined Contribution Conference, with speakers offering strategies and examples of their...... read more »
Holy Cross Hospital has agreed to pay $4 million to participants of a defined benefit plan being terminated to settle a lawsuit challenging its church-plan status and to distribute $5.... read more »
The absence of shareholder voting rights in Snap Inc.'...... read more »
T. Row Price is building its defined contribution investment-only business and multiasset class capabilities in the U.S, while also looking to grow headcount in sales and client service.... read more »
Private equity firms are putting more money into their funds. The average GP commitment to vintage alternative investment funds in 2016 was 7.84%, up from 6.96% in 2015.... read more »
Pension Benefit Guaranty Corp.'s dire financial condition has officials predicting painful cuts for more than 1 million multiemployer plan participants projected to need its help.... read more »
Mercer Investments is reorganizing, as its clients become more focused on keeping plan participants out of poverty in retirement.... read more »
Japan Post Bank will continue to shift trillions of yen from Japanese government bonds to offshore credit, but the Tokyo-based giant's next round of mandates might yield lower fees for money managers.... read more »
Japan Post Insurance Co. Ltd. is a step behind its sister company a $700 billion investment portfolio still largely anchored on Japanese government bonds, but it's moving to catch up.... read more »
Japan Post Insurance Co. Ltd. is a step behind its sister company a $700 billion investment portfolio still largely anchored on Japanese government bonds, but it's moving to catch up.... read more »
Recent hacking attempts have third-party fund administrators on alert to secure the huge volume of investment and other data they hold for alternatives managers.... read more »
Diversity on company boards, trustee boards and within the money management industry has become a focus for institutional investors, and money managers themselves, as the improved decision-making and...... read more »
Passive investments pull ahead of active management for the first time since P&I began tracking data from the 100 biggest corporate defined contribution plans.... read more »
Mercer Investments is only one of several investment consulting firms restructuring its business or consolidating as the investment landscape evolves.... read more »
Aftenthyn L. Person joined Pensions & Investments as digital producer.... read more »
Passive investments pull ahead of active management for the first time since P&I began tracking data from the 100 biggest corporate plans.... read more »
Institutional investors need to alter their thinking when it comes to investment management in the lower-for-longer interest rate and returns environment.... read more »
Institutional investors need to alter their thinking when it comes to investment management in the lower-for-longer interest rate and returns environment.... read more »
Early reviews of the SEC's small-cap equity tick-size pilot program have been generally negative in regard to its impact on trading costs and investment returns.... read more »
Vanguard Group plans to add hundreds of new employees to its institutional staff to accommodate its continued growth — and to mitigate customer service problems.... read more »
Target-date funds have been a difficult sell in the U.K.... read more »
Venture capital executives will be watching the share price of Snap Inc., in coming months to see if unicorns really are magic.... read more »
Efforts to deregulate financial services won't halt changes in fixed-income market structure — particularly the increased use of electronic trading venues.... read more »
U.S. corporations plan to contribute more than $26.8 billion to their pension funds this year, according to an analysis by Pensions & Investments.... read more »
An exodus of investment talent at Seoul-based National Pension Service could hamstring the 545 trillion won ($462 billion) pension fund's near-term efforts to deploy net inflows exceeding $4 billion...... read more »
Hedge fund managers have been put on notice: evolve, deliver or die.... read more »
The Department of Labor's landmark fiduciary rule is being delayed until early June, with the prospect of indefinite limbo increasingly likely.... read more »
Money management executives are working to reconcile opportunities in European equity and debt markets with increasing political risk.... read more »
Government-led initiatives to boost creation of multiemployer, multicountry retirement plans are opening opportunities for money managers across the Continent.... read more »
Real estate investors are continuing to favor core strategies, with some cutting back on opportunistic funds, but their definition of core is expanding.... read more »
Enticed by the prospect of better outcomes from deeper analysis of vast amounts of newly available data, hedge fund managers are turning en masse to artificial intelligence and its subset, machine...... read more »
Despite difficult market conditions in the first half of 2016, average hedge fund returns ended the year in the black, showed data from Hedge Fund Research.... read more »
Many hedge funds have incorporated ETFs into their regular diet of financial instruments for both long and short exposure, but the relationship is complicated.... read more »
Unless hedge fund managers produce alpha, diversify institutional portfolios and protect their downside at a fair price, they risk more of the crippling outflows many experienced in 2016.... read more »
Climate change presents serious physical and financial risks as well as opportunities that should be factored into businesses' and investors' decision-making, presenters say at institutional investor...... read more »
Investors' shift to passive strategies and a range of smart beta, ESG, infrastructure and other passive offerings have RhumbLine Advisers riding high.... read more »
Bridgewater Associates will soon be launching its latest strategy, focused on ready-made combinations of alpha that start with equity and later add other market betas.... read more »
Small-cap equity managers continued to rule Morningstar's domestic equity separate account/collective investment trust database, claiming six of the top 10 spots in 2016.... read more »
High-yield strategies were the top performers in fixed income for the year ended Dec. 31, according to Morningstar's separate account/collective investment trust database.... read more »
Risk-parity strategies are emerging relatively unscathed from the Donald Trump era's initial spike in Treasury yields, a market move some had seen as a potential Achilles' heel for portfolios with...... read more »
Money managers are shaving fees well in excess of 10% in order to secure the business of local government pension schemes that are in the midst of consolidating about $266 billion into eight asset...... read more »
Investors are paying close attention to SoftBank's pending $3.3 billion acquisition of Fortress Investment to see if it sparks a privatization trend among publicly traded alternative investment firms.... read more »
As the April 10 deadline approaches for implementation of the Department of Labor's fiduciary rule, some members of the defined contribution industry are forging ahead with compliance strategies...... read more »
Although cash flows in aggregate are generally moving toward a negative position across the globe, individual markets deal with the issue in different ways.... read more »
Executives at pension funds, money management firms and consultants are increasingly focused on cash flows, as defined benefit plans mature and face the prospect of having to sell assets to satisfy...... read more »
The spate of money managers either launching or buying stakes in robo-advisers over the past few years is a sign that the retail and wealth management industry is becoming more automated and reliant...... read more »
With R. Alexander Acosta nominated to be the next secretary of labor, some industry experts are watching to see how he might affect recent efforts to delay the Department of Labor's fiduciary rule.... read more »
Water is the new carbon for institutional investors and money management firms across the globe, as risks and opportunities arising from water scarcity climb up the risk agenda.... read more »
States and local governments hit a major roadblock, after the U.S.... read more »
Money managers and asset owners won't necessarily be getting a break from complying with a March 1 deadline to post mark-to-market margin on some over-the-counter derivatives.... read more »
The hedge funds-of-funds industry is contracting yet again with a merger of two big institutional players, a move that has some industry observers scratching their heads.... read more »
Companies that once swallowed up DC record keepers and other benefits businesses to diversify, expand and increase shareholder value are now regurgitating them to consolidate — again to...... read more »
As 401(k)s become the standard for private-sector workers, they are slowly adding defined benefit plan-like features.... read more »
While experts point to ERISA and the Pension Protection Act of 2006 as contributing to the demise of private-sector pension plans, public plans are not expected to follow their corporate brethren...... read more »
P&I Daily'' will not be published Monday, Feb. 20, in observance of Presidents Day. Publication will resume Tuesday, Feb. 21.... read more »
The flood of cheap money unleashed by central banks' quantitative easing efforts to combat the global financial crisis has only added to the pressures that corporate, as well as public, plan sponsors...... read more »
High-yield bond strategies took top honors for the year, while small-cap stocks outperformed large-cap and value-oriented strategies.... read more »
Laurence D. Fink, chairman and CEO of BlackRock, called on money managers and the CEOs of major companies to do their part in teaching financial literacy to employees.... read more »
The CFA Institute released the results earlier this week of the Level I exam taken in December. Of the 59,627 candidates who took the exam at various locations around the globe, 43% passed.... read more »
Famed investment guru Charles Ellis has a new gig. Mr. Ellis, the founder of Greenwich Associates, has been working for CalPERS as a consultant.... read more »
New Zealand Super's active investments accounted for more than 300 basis points of the fund's 13.2% gain for calendar year 2016, but future returns look to be more muted.... read more »
Private equity returns might be disappointing, but the asset class still provides a better opportunity than public stocks, observers say.... read more »
Total assets of the largest 1,000 U.S. retirement plans grew more than 6% by the end of the third quarter 2016, Pensions & Investments' annual survey found.... read more »
Consultants and pension fund executives across the globe are putting more emphasis and focus on stress and scenario testing of portfolios following a year of geopolitical surprises and all-time highs...... read more »
Active equity managers who've seen institutional clients move toward more passive investment in recent years have another potential roadblock to navigate in upcoming European regulations requiring...... read more »
Institutional investors are beginning to dramatically restructure their hedge fund portfolios, pairing a core allocation of cheaper alternative beta investment strategies with a satellite portfolio...... read more »
President Donald Trump continued his push to trim federal regulations, signing on Feb.... read more »
Defined contribution plan participants who hold a target-date fund along with other investments in their accounts might not be misusing or misunderstanding this option.... read more »
Private equity returns for many asset owners are failing to outperform their benchmarks over several time periods, and some observers are wondering whether investment in the asset class is worth it.... read more »
Harvard Management Co. is reversing its decades-old investment approach, an acknowledgement of the need to cut costs that also is expected to put the bulk of its $34.5 billion endowment in play.... read more »
Supreme Court nominee Neil Gorsuch's legal positions are reassuring employer groups that they will have a pro-business ally critical of regulators and investor lawsuits if he is confirmed to replace...... read more »
Proponents of better corporate governance in South Korea haven't lost hope that two steps forward may yet follow a big step backward involving a 2015 vote by the country's largest pension fund on a...... read more »
U.S. and Canadian endowments are struggling after producing the worst average annual return since the financial crisis low point resulting in an aggregate asset drop of 2.6%.... read more »
The fourth quarter continued a positive storyline for BlackRock Inc., with $98 billion in net inflows, while many other money managers saw net outflows or tiny net inflows.... read more »
Money management executives and consultants are starting to fall out of love with high-yield bonds following a tumultuous but rewarding 2016, as the outlook wanes for the asset class amid rising U.S.... read more »
Pensions & Investments gathered information for this report on the 1,000 largest plans from questionnaires and data published in regulatory filings.... read more »
Another year, another solid, steady advance for target-date funds as they occupy an increasing allocation among the country's 1,000 largest retirement plans.... read more »
Most alternative investments took a hit in assets in the year ended Sept. 30, as higher distributions than capital calls made their mark on defined benefit plan portfolios.... read more »
Despite the ever-increasing use of ETFs and the seemingly constant flow of new assets, the recent Inside ETFs conference featured a somber undertone. Here's why.... read more »
Total assets of the largest 1,000 U.S. retirement plans grew more than 6% by the end of the third quarter 2016, Pensions & Investments' annual survey found.... read more »
Norwegian occupational pension plans will be forced to reduce equity and alternatives allocations in 2018 should capital requirements under the Solvency II directive be extended to cover their...... read more »
An eventful year filled with geopolitical drama, market volatility and diverging monetary policy gave rise to some impressive returns for pension funds in seven of the world's largest retirement...... read more »
Recent settlements over market makers providing misleading information on equity trades have put institutional investors on notice that they need to take a closer look of how their trades are routed.... read more »
A hotly contested election for a seat on the San Francisco City & County Employees' Retirement System board is drawing attention to the role of pension trustees.... read more »
The sizable learning curve of the likely next chairman of the Securities and Exchange Commission plus vacancies on the commission and in several key agency divisions should add up to an extended...... read more »
Despite a spate of recent store closure announcements, industry experts say retail real estate isn't broken — but it is being remodeled, possibly furthering a convergence of real estate sectors.... read more »
The world's largest pension fund is working toward a new deal for external managers that could provide more upside for those firms capable of delivering strong long-term results.... read more »
The pool of euro-denominated, highly rated U.S. corporate bonds European pension fund managers have been buying over the past year might be about to dry up.... read more »
The dollar's rise is bringing the issue of currency hedging back into some institutional investors' conversations.... read more »
The election of Donald Trump late last year marred the long-awaited rebound in emerging markets, seen early in 2016 after years of underperformance.... read more »
Benefits executives at multinational corporations are seeking more centralized coordination of defined contribution plans due to DC's growing role in corporate retirement policies. a survey says.... read more »
Overlay managers are looking to expand their business by targeting smaller endowments and foundations — not just by managing a portfolio, but also by allowing those funds to use their trading...... read more »
An industry veteran argues that Donald Trump's maverick victory is helping in part to set the stage for great opportunities in emerging markets.... read more »
A proposed national securities regulator in Canada that's targeting a 2018 start to operations is getting support from institutional investors keen of reducing a web of market regulations.... read more »
A proposed national securities regulator in Canada that's targeting a 2018 start to operations is getting support, sources said, from institutional investors interested in reducing the...... read more »
A broader response built on allocations to infrastructure, real estate and private equity will require a continued expansion of Japan's Government Pension Investment Fund's investment team at home...... read more »
In her eight years serving in the Obama administration, Phyllis Borzi says her proudest accomplishment is the conflict-of-interest rule, which many Republicans in Congress now hope to repeal.... read more »
Several large record keepers are expanding their fiduciary duties by providing more advice to defined contribution clients in response to the Department of Labor's conflict-of-interest rule that is...... read more »
Traditional money managers are stepping up the pace when it comes to buying stakes in alternative investment firms, particularly private equity and real estate managers.... read more »
Merger and acquisition deal value in the global money management industry totaled $25.5 billion in 2016, up 18% from 2015, boosted by Amundi Group's $3.74 billion purchase of Pioneer Investments.... read more »
The numbers are in: 2016 was a bad year for poor hedge fund performers as institutional investors expressed dissatisfaction by redeeming and redeploying assets with other managers.... read more »
Fisher Investments isn't typically the first choice among institutional investors, but founder Kenneth Fisher says there still are plenty of opportunities — even as a runner-up.... read more »
Fed watchers trying to predict when and where interest rates will go in 2017 will have plenty of challenges, including a new president with an ambitious agenda.... read more »
The integration of environmental, social and governance factors into fixed-income portfolios is gaining traction with money managers across the globe.... read more »
European pension funds might find it more economical to begin clearing their derivatives trades through central counterparties sooner rather than later, due to incoming bilateral rules.... read more »
Business development companies have become an integral part of most credit managers' capital war chest, giving investors a choice between liquid and illiquid investments.... read more »
Ares Management's business development company closes a deal to buy troubled BDC American Capital, adding $3 billion to Ares' U.S. credit unit's assets under management.... read more »
Alternative investment consultants are being snapped up by general investment consultants, a growing trend that some fear could result in increasing conflicts of interest and an insufficient number...... read more »
An SEC pilot program that would measure the effects of maker-taker rebates on equity trade execution could be in jeopardy because of uncertainty over who will lead the agency — and how he will...... read more »
The reviews are in for the Department of Labor's proposed changes to the Form 5500 annual report — and they're not raves.... read more »
Fund administrators are expanding into infrastructure as asset owners move more money into the asset class.... read more »
Active management goes against the grain for exchange-traded funds (and fund flows in general), which have favored indexed strategies.... read more »
Amundi Group's purchase of Pioneer Investments caps off what was otherwise a quiet year for M&A activity.... read more »
Investors are facing a dilemma over where to place their regional bets for the coming months.... read more »
The Teacher Retirement System of Texas is radically changing how it pays for the alpha produced by the hedge funds in which it invests.... read more »
The first multiemployer pension plan to win approval to reduce benefits offers lessons for other struggling plans facing insolvency.... read more »
The Monetary Authority of Singapore's latest efforts to bolster Singapore's status as a regional money management hub, announced in March, is entering the selection stage, following a Dec.... read more »
The clock is ticking on the Dallas Police & Fire Pension System's solvency where poor investment decisions and plan design have both exacerbated the problem...... read more »
Predicting the U.S. gross domestic product ranging from 2.3% to 2.... read more »
With President-elect Donald Trump promising to spend his first 100 days in office pushing an ambitious agenda that includes tax and regulatory reform — and above all, economic growth —...... read more »
David Schepp joined Pensions & Investments as online editor, based in the Chicago office.... read more »
Executives from investment firms are predicting continued market volatility in 2017, which will lead asset owners to reallocate capital to specialized active strategies and demand even more from...... read more »
Germany is on the verge of introducing a mandatory defined contribution system after the Ministry of Labor and Social Affairs signaled its intention to implement a new law before general elections in...... read more »
Defined contribution plan executives have plenty to do in 2017 without contemplating the impact of the next president, the next Congress or the next set of regulatory agency chiefs.... read more »
Technology executives at large custody banks know the industry's future lies with the development of financial technology, but putting fintech into practice means changing behavior — both by...... read more »
Investors should expect lower returns from their real estate portfolios and, at this late hour in the real estate cycle, should concentrate on defensive investments and portfolio diversification in...... read more »
The forecast for the private equity asset class in 2017 is cloudy with a high probability of uncertainty, and that could slow fundraising, industry executives say.... read more »
Hedge fund managers are singing much the same optimistic refrain for 2017 as they did for 2016, but with much more conviction and a nod to President-elect Donald Trump for setting the stage for the...... read more »
Politics will be key for European markets in 2017 as a series of upcoming high-profile elections begins to shift money management executives' focus away from the monetary policy debate that has...... read more »
Asian markets should do well in 2017, money managers predict, provided Donald Trump delivers on his more constructive campaign pledges and abandons the rest, including potential protectionist...... read more »
The coming year will see regulatory issues once again dominate discussions in institutional trading, although the focus will be less on compliance and more on what regulations ultimately will look...... read more »
P&I turns to the experts for their views on what to expect in 2017.... read more »
Texas County & District Retirement System continues to reduce its number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio.... read more »
In a small town on a windswept prairie in western Saskatchewan sits the home of Canada's only public defined contribution plan accepting participants from across the country.... read more »
Global, multinational corporations are looking closely at their European retirement plans, and increasingly are taking advantage of opportunities to consolidate them.... read more »
Managers continue to be bullish on multiasset class strategies, particularly outcome-oriented and customized solutions, despite tepid institutional investor response of late.... read more »
Economic and political uncertainty sparked by the election of Donald Trump has caused some real estate transactions to stall, and that could ding investors' returns.... read more »
Institutional investors in the Asia-Pacific region aren't trimming their sails yet to catch the tailwind global equity markets have enjoyed since Donald J. Trump's victory in the U.S.... read more »
Fixed-income trading volumes have skyrocketed since the Nov. 8 U.S.... read more »
The U.S. Supreme Court has agreed to resolve whether church-affiliated retirement plan sponsors are covered by the ERISA, a decision that could have wide implications for all benefit plans.... read more »
Russell Investments' second stab at partnering with a Chinese money manager could leave the firm positioned to benefit from anticipated growth of demand on the mainland for local as well as global...... read more »
The California Public Employees' Retirement System is grappling with ways its $26.... read more »
Employing collective investment trusts for the first time, the New York State Deferred Compensation Plan has engineered a significant change in its investment lineup as it seeks to cut costs, reduce...... read more »
This year marks the fifth Best Places survey, with a record number of firms meeting the threshold for inclusion since the survey launched in 2012.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Tortoise Capital Advisors LLC is in search of employees' genius zones.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Employees at Cardinal Investment Advisors are willing to go the distance, literally, for their colleagues and clients.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner of Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
WisdomTree Asset Management offers "a culture of positivity and encouragement," one employee notes about the firm, underscoring comments by other workers on how top managers encourage...... read more »
While many employees say that Pasadena, Calif.-based Western Asset Management Co. feels like a small company, CEO James Hirschman III likes to think about it as a "large boutique."...... read more »
Christine Hurtsellers understands the social mores of Wall Street regarding face time but says that a move toward a more flexible working environment brings more balance and less stress to her...... read more »
A three-time consecutive winner, Standard Life Investments Ltd. outgrew its size category since last year.... read more »
"There's just a great deal of care for employees," said one employee about Resource Consulting Group in Orlando, Fla.... read more »
Principal Global, which employs about 1,500 in asset management in the U.S. and is headed by CEO James P.... read more »
Competition for today's knowledge worker is intense, says Art Steinmetz, who oversees $220 billion in AUM and around 2,000 employees, as chairman and CEO of OppenheimerFunds in New York.... read more »
"Our new headquarters is a space entirely shaped by feedback from employees - the location, design, amenities - and is customized to fit the needs of our diverse teams," says George...... read more »
Pensions & Investments worked closely with a new partner on the 2016 Best Places to Work in Money Management survey.... read more »
Each year, Los Angeles Capital Management and Equity Research Inc. adds a few more employees — seven were added in the last year, which now makes for a staff of 75.... read more »
"We have evolved in our thinking to appreciate that balance is important and tied to performance," says Joseph Sullivan, chairman and CEO of Legg Mason Global Asset Management.... read more »
Employees praise Income Research + Management for its policies at work, away from work and back to work.... read more »
"Undivided loyalty" is more than marketing copy at Cornerstone Advisors Asset Management Inc., says Thomas Scalici, CEO of the $5.1 billion money management firm in Bethlehem, Pa.... read more »
For William Blair Investment Management LLC, the key elements in building a global investment management firm are its people and its corporate culture promoting teamwork that is entrepreneurial,...... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Winner in Pensions & Investments' Best Places to Work in Money Management 2016 survey.... read more »
Money managers who ranked in Pensions & Investments' Best Places to Work in Money Management survey emphasize training and development opportunities to ensure they remain best places to work...... read more »
TCW Group Inc. employees rave about the Los Angeles money manager's benefits, team spirit and friendly colleagues.... read more »
INTECH Investment Management LLC CEO Adrian Banner is rightly proud of his firm's fourth year ranking in Pensions & Investments' Best Places to Work in Money Management.... read more »
Some of the best places to work have created some fun and funky ways to go green and protect the environment while seeking alpha for their clients.... read more »
A recent growth spurt at Fiduciary Investment Advisors LLC in Windsor, Conn., hasn't changed the firm's core strategies for engaging employees, clients and the community.... read more »
Dana Investment Advisors Inc. is no stranger to Pensions & Investments' annual Best Places to Work in Money Management program. The Brookfield, Wis.... read more »
ClearBridge Investments LLC is a five-time Best Places to Work winner, an honor awarded thus far by Pensions & Investments to only four other investment shops.... read more »
At Charles Schwab Investment Management Inc., the firm's culture is its "secret sauce," says Marie Chandoha, president and CEO.... read more »
Caltius Capital Management LP puts its newest employee through a special initiation: He or she is charged with planning the entertainment for the firm's annual overnight retreat to Las Vegas.... read more »
Baird Asset Management's five-time ranking in Pensions & Investments' Best Places to Work in Money Management is a testament to the Milwaukee money manager's culture of employee engagement and...... read more »
An emphasis on teamwork and open communication makes Balentine LLC, Atlanta, a great place to work, employees and executives overwhelmingly agreed.... read more »
50 organizations have been named to Pensions & Investments' fifth annual list of the Best Places to Work in Money Management.... read more »
The winners of the 2016 Pensions & Investments' Best Places to Work in Money Management.... read more »
Investment consultants face challenges as bearers of bad news in assisting asset-owner clients grappling with lower capital market expectations that are pushing them to extend risk exposures to reach...... read more »
The likeliest vehicle for starting the reform conversation is the proposed Financial Choice Act bill introduced in June by House Financial Services Committee Chairman Jeb Hensarling, R-Texas.... read more »
More than the idea that active management seems to be turning a corner, sources say, it might be that passive management has had its day.... read more »
The defined contribution plans sponsored by companies bearing the name of President-elect Donald J. Trump are outliers from the norm when it comes to their largest allocations.... read more »
Defined contribution executives are wrestling with a 401(k) plan strategy whose theme is best described by the band The Clash: "Should I Stay or Should I Go?"...... read more »
Discounts to the alternatives secondary market have disappeared, and prices remain higher in the face of upcoming European elections as well as the aftermath of the election of Donald J.... read more »
Institutional investors are using real estate as yet another proxy to bonds, to effectively manage volatility and protect against rising inflation. In Europe and the U.K.... read more »
Yields on 10-year U.S. Treasuries hit a 2016 high in the days following the U.S. presidential election, but asset owners won't be boosting bond allocations just yet.... read more »
Japan's economy might be treading water, but the country remains a vibrant growth market for global money managers as local banks, insurers and pension funds move to plug holes in their portfolios...... read more »
Event-driven managers are taking it on the chin, racking up net outflows of $38 billion so far this year, the largest among all hedge fund strategy categories.... read more »
Cybersecurity rules for the U.S. banking industry could eventually be extended to money managers, sources said.... read more »
The stakes are high as the CalPERS board debates whether to significantly decrease the nation's largest public pension fund's assumed rate of return, a move that could hamstring the budgets of...... read more »
With the upcoming Dutch general elections in March and increased responsibilities set to land at providers' doors, firms such as APG Group are working hard to prepare for changes at the heart of...... read more »
The tide might be turning for active managers, as dispersion creeps back into global stock markets and investors realize their long-term return assumptions just won't cut it going forward.... read more »
From Brexit to the U.S. election, traders and investors alike turned to single-country ETFs to express their views on how campaign rhetoric might translate into policy.... read more »
Investment consultants face challenges as bearers of bad news in assisting asset-owner clients grappling with lower capital market expectations that are pushing them to extend risk exposures to reach...... read more »
Long-duration bond strategies continued to dominate Morningstar Inc.... read more »
As Republicans gain control of the White House, Senate and House of Representatives for the first time in a decade, they face both the opportunity and challenge of turning their agenda into reality.... read more »
Investors are turning to private credit for the yield that fixed income used to provide, but some observers worry the sector is too risky to be a stand-in for bonds.... read more »
Och-Ziff Capital Management LLC's assets fell a precipitous $11.... read more »
Rising Treasury rates are sparking more interest in liability-driven investment strategies, but those rates might have to go up even more before it's full throttle for money managers.... read more »
Investors around the globe are assessing new opportunities and eyeing potential impacts on their portfolios amid the many uncertainties surrounding Donald J. Trump's win in the U.S.... read more »
Institutional investor demand for logistics assets should prove resilient in the face of a triumphant U.S. presidential campaign by Donald J.... read more »
Patent applications are surfacing for blockchain technology in foreign exchange, but that doesn't mean the technology known for bitcoin transactions will soon be applied to the world's largest...... read more »
Last week's election resulted in three new state treasurers who have oversight of retirement programs in their states and the passage of amendments in four states that will have an effect on state...... read more »
Money managers are preparing for possible portfolio changes if the European Central Bank's monetary policy shifts — as murmurs suggest it might — in coming months.... read more »
Defined benefit funding by corporations is taking on renewed urgency for regulators, pension funds and companies themselves as the potential for deficits to interfere with corporate life becomes more...... read more »
Defined contribution executives at ThyssenKrupp Materials NA Inc., believe the principles of automatic features can help plan participants become more tax-efficient in their retirement savings.... read more »
With the market up and volatility down in the third quarter, a number of public money managers saw their assets under management grow.... read more »
Passive investing and ETFs continued to grow in 2016, benefiting asset managers that have built strong index, factor-based investing and exchange-traded fund franchises.... read more »
Fiera Capital Corp. is taking the next step in its aggressive expansion plans that include adding agriculture and private equity to its current asset class offerings.... read more »
Long-duration bond strategies continued to dominate Morningstar Inc.'...... read more »
Small-cap strategies took five of the top 10 spots in Morningstar Inc.'s domestic equity separate account/collective investment trust database for the year ended Sept. 30.... read more »
Reinvention was the overarching theme of the Pensions and Lifetime Savings Association's annual conference, as delegates and experts came together to discuss the major issues affecting the retirement...... read more »
A prominent theme among the six winners of the 2016 Excellence & Innovation Awards was the use of technology to improve participants' financial education and contributions, and the use of...... read more »
Assets run by the world's 500 largest money managers declined in 2015, for the first time since 2011, as volatility, insourcing and other trends take hold, the latest annual Pensions &...... read more »
In case it wasn't obvious from the presidential debates, where Social Security was at best a passing reference, retirement issues have not rated much attention from candidates Hillary Clinton and...... read more »
As money managers weigh how the election of Hillary Clinton or Donald J. Trump could affect their industry, a handful of key state races are bringing a particular focus on fees and investment classes.... read more »
Pension risk transfer transactions started picking up in the third quarter in the United Kingdom after a slow start to the year, as favorable exchange rates enticed non-U.K.... read more »
Hedge fund and private equity firms are watching and waiting for resolution of a complaint filed by the National Labor Relations Board against Bridgewater Associates LP alleging some confidentiality...... read more »
A prominent theme among the six winners of the 2016 Excellence & Innovation Awards was the use of technology to improve participants' financial education and contributions, and the use of targeting...... read more »
Pension funds and other asset owners increasingly are investing in U.S. infrastructure, often buying the assets from infrastructure money managers.... read more »
William H. Gross is returning to his investment roots at Janus Capital Group, with plans to add a version of the PIMCO Total Return Fund that made him famous.... read more »
The increased use of algorithms in foreign-exchange trading is expected to be a long-term boon for pension fund executives seeking better execution and lower transaction costs, but in the short term...... read more »
Institutional mandates by Chinese banks are buoying local fund management companies, even as a weak domestic stock market has left their core mutual fund businesses treading water this year.... read more »
Assets run by the world's 500 largest money managers declined in 2015, for the first time since 2011, as volatility, insourcing and other trends take hold, the latest annual Pensions &...... read more »
Real estate money managers are looking beyond the four food groups of retail, multifamily, office and industrial to provide investors with returns in a challenging investment environment.... read more »
Credit Suisse Group AG is looking to grow its global asset management business, again.... read more »
The state of the fixed-income market has money management executives split, with some warning that bonds are in bubble territory and others thinking there is less need for concern.... read more »
Shirley Zabiegala, director of savings and retirement for Nestle USA Inc.... read more »
Now in its fifth year, the program that began as the Innovator Awards got a new name for 2016.... read more »
Dana Hammonds won an Excellence & Innovation Award for helping a unique population: young professional athletes who must plan for retirement in their 20s or 30s because their careers can be quite...... read more »
Concerned that employees weren't taking full advantage of retirement savings opportunities at BlackRock Inc.... read more »
Erika Kirchner won an Excellence & Innovation Award for giving 401(k) plan participants a choice. As vice president of human resources for Bertelsmann Inc., Ms.... read more »
Communication, convenience and cost prompted Neil Saxton to take a high-tech approach to encourage greater participation and engagement among participants in the Health Employees Superannuation Trust...... read more »
Reinvention was the overarching theme of the Pensions and Lifetime Savings Association's annual conference, as delegates and experts came together to discuss the major issues affecting the retirement...... read more »
Rhetoric from U.S. presidential candidate Donald Trump is particularly disconcerting to managers because of perceptions of an increased protectionist stance, sources say.... read more »
Jagdeep Singh Bachher, the chief investment officer of the University of California Regents, cited volatile markets for the -3.4% return of the $9.... read more »
University of Oregon Foundation officials tend to take a macro view to investing with an asset allocation flexible enough to allow the five-member staff to pursue investment themes.... read more »
A year after Vanguard took over as the largest manager of mutual funds for defined contribution plans, the manager significantly widened its advantage, according to Pensions & Investments'''...... read more »
As Americans prepare to go to the polls to vote in the 2016 presidential election, money managers across the globe are readying their own portfolios for the outcome.... read more »
Defined contribution plans are decisively reducing their reliance on record keepers' target-date funds, moving to other providers to obtain a more flexible investing approach.... read more »
Pension fund executives will have another fiduciary responsibility starting as early as next year, courtesy of the European Commission.... read more »
Nominations are open for the 2016 Lillywhite Award, the Employee Benefit Research Institute announced last week. The deadline for entries is Dec. 31.... read more »
For Janus Henderson Global Investors to realize its global ambitions, its co-CEOs were clear that London was where they needed to be.... read more »
For Janus Henderson Global Investors to realize its global ambitions, its co-CEOs were clear that London was where they needed to be.... read more »
The merger of Denver-based Janus Capital Group and London-based Henderson Group will create a global money management firm with more than $320 billion in combined assets, but for the new company to...... read more »
The merger of Denver-based Janus Capital Group and London-based Henderson Group will create a global money management firm with more than $320 billion in combined assets, but for the new company to...... read more »
Money management executives are adding inflation protection back into their portfolios, but they are divided as to their motives.... read more »
For the first time in seven years, large U.S. endowments in aggregate produced a negative return after enduring a difficult fiscal year.... read more »
For the first time in seven years, large U.S. endowments in aggregate produced a negative return after enduring a difficult fiscal year.... read more »
As Deutsche Bank AG works out the details of paying a multibillion-dollar U.S.... read more »
A global rise in cybersecurity breaches from targets as broad as Yahoo Inc.... read more »
A global rise in cybersecurity breaches from targets as broad as Yahoo Inc.... read more »
This unprecedented political campaign season could carry over into the 115th Congress that begins in January as a possible shift of power in the Senate and tighter margins in the House of...... read more »
Recent regulatory reforms have opened the door for global managers to set up wholly owned asset management operations in China after more than a decade where being a minority joint venture partner...... read more »
Defined contribution service providers generally have cybersecurity insurance when they take on record keeping and other duties, but defined contribution plan sponsors themselves are more likely to...... read more »
Alaska Permanent Fund Corp., Juneau, unveiled a five-year investment management plan on Sept.... read more »
A year after Vanguard took over as the largest manager of mutual funds for defined contribution plans, the manager significantly widened its advantage, according to Pensions & Investments' latest...... read more »
Bats Global Markets CEO Chris Concannon has been at the forefront of securities product and trading innovation from the start of his career.... read more »
CBOE Holdings Inc.'s agreement to acquire Bats Global Markets Inc. could ultimately lead to savings on trading and data costs for institutional investors, sources said.... read more »
Growth slowed dramatically for the largest real estate investment managers in the year ended June 30, but REIT assets jump.... read more »
Money managers investing in European fixed income are taking shorter duration bets to protect against impending capital losses in the continued low interest rate environment.... read more »
Money managers and institutional investors are unwinding positions held when the U.K. voted to leave the European Union as parts of the market stabilize and investors realize nothing has changed yet.... read more »
Malaysia's largest retirement fund is boosting allocations to alternatives and cash to better navigate a gathering storm of economic and political challenges.... read more »
A potent mixture of public market declines and investor sophistication is starting to eat away at open-end real estate fund managers' lunches.... read more »
Growth slowed dramatically for the largest real estate investment managers in the year ended June 30, with worldwide assets rising only 5.5% vs. the 14.8% of a year earlier.... read more »
Put-write equity options are finding their way into more pension fund allocations to protect against volatility and, in some cases, take the place of fixed income as an income provider.... read more »
This presidential election season is shaping up to be the year of super PACs and megadonors, with hedge fund executives at the top of the list.... read more »
China Investment Corp.'s low-profile participation in the recently announced $7.... read more »
Low interest rates and cheap credit have emboldened several asset owners to add leverage, after years of avoidance.... read more »
More defined contribution plans are moving to an open-architecture investment lineup strategy, seeking greater flexibility and less reliance on proprietary products offered by their record keepers.... read more »
More defined contribution plans are moving to an open-architecture investment lineup strategy, seeking greater flexibility and less reliance on proprietary products offered by their record keepers.... read more »
Nirmal P. "Narv" Narvekar was named president and CEO on Sept. 29 of Boston-based Harvard Management Co., which manages Harvard University's $35.7 billion endowment.... read more »
Institutional capital might be flowing steadily into passively managed strategies, but active managers are refusing to throw in the towel.... read more »
Double-digit returns helped push the growth rate for real estate investment trust assets past that of private real estate assets in the year ended June 30.... read more »
Exchange-traded funds have permeated almost every corner of the financial markets, but insurance companies have primarily kept their distance. That may be changing.... read more »
Indexed assets under management remained largely unchanged during the year ended June 30, falling slightly to $9.86 trillion from $9.87 trillion.... read more »
Lenders are working with different structures to both increase the supply of residential mortgage-backed securities and to relieve concerns of investors who fear that all the problems with...... read more »
Indexed assets under management remained largely unchanged during the year ended June 30, falling slightly to $9.86 trillion from $9.87 trillion the previous year.... read more »
One developed market may have had the push - and opportunity - it needed to begin loosening fiscal policy, said sources.... read more »
Japan looks set to become the beachhead in Asia for environmental, social and governance-focused investment, and the country's huge Government Pension Investment Fund is ready and willing to lead the...... read more »
With more than half of the states considering retirement savings programs for eligible private-sector workers, the next challenge is to build them, from operations to investment menus.... read more »
Institutional money managers are competing with each other for the same piece of a pie that is not growing.... read more »
Hedge funds, money management firms and alternative investment managers are doing their best to revive the non-agency residential mortgage-backed securitization market, which has been almost dead...... read more »
In a sharp reversal of fortune, the majority of hedge fund and hedge funds of funds experienced asset declines ranging from slight to extreme in the year ended June 30.... read more »
In a sharp reversal of fortune, the majority of hedge fund and hedge funds of funds experienced asset declines ranging from slight to extreme in the year ended June 30.... read more »
Money managers and institutional investors have a message for governments in developed markets: It's time to spend some money.... read more »
A handful of money managers have recently launched all-ETF target-date series, hoping to penetrate the fast-growing target-date market that is the most popular qualified default investment...... read more »
Time is running out. The deadline for entering Pensions & Investments' 2017 Eddy Awards is three weeks away.... read more »
Realizing that institutional clients were moving toward fewer managers with broader capabilities, Tom Finke and his colleagues had a vision: consolidate several managers under a globally recognized...... read more »
African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic...... read more »
Consolidating money management for state or provincial public pension plans under one entity is a concept that has been accepted both in Canada and in a few U.S.... read more »
As money managers face growing fee pressure from institutional customers, Voya Investment Management's new CEO, Christine Hurtsellers, is actively shifting her firm's focus to strategies that earn...... read more »
The evolution of the hedge funds-of-funds industry — and ever-more demanding institutional clients — are pushing more managers to access hedge fund strategies via managed accounts.... read more »
In a sharp reversal of fortune, the majority of hedge fund and hedge funds of funds experienced asset declines in the year ended June 30.... read more »
The good times have well and truly stopped rolling for the world's largest retirement funds, despite all-time highs across global stock markets, analysis of data from the annual survey conducted by...... read more »
Infrastructure managers are under pressure to increase their investment in the U.S.... read more »
The Department of Labor's green light for states to set up private-sector retirement savings programs also has raised the prospect that some cities might follow suit.... read more »
Trading analysis for money managers is moving beyond traditional transaction cost analysis — ensuring best execution and cost control — to watching over the entire lifecycle of every...... read more »
Initial moves by Asia-based institutional investors into smart-beta equity strategies have focused on specific factors, but money managers say current and prospective clients are beginning to...... read more »
With major hurricanes, tropical storms and tropical depressions menacing both the northern Atlantic and Pacific oceans, asset owners might be mulling investment in reinsurance and insurance-linked...... read more »
Measures in several states focusing on alternative investment fee disclosure are causing public pension plan executives to worry they could get shut out of the best funds if managers are unhappy with...... read more »
Negative yields have upended non-U.S. and global fixed-income indexes, although they haven't stopped bond markets from rallying.... read more »
Impending reforms to European money market fund regulations will likely spare prime funds from the exodus of assets that the U.S. market has seen following SEC reforms, sources said.... read more »
In a desperate grab for returns, yield-starved fixed-income investors have piled their money back into emerging markets debt — with passive strategies a popular choice for some institutional...... read more »
After years of marketing actively managed exchanged-traded funds to institutional investors to no avail, money managers believe they're finally at a tipping point.... read more »
While the names in the ranking of the 20 largest pension funds in the world were unchanged in 2015 vs. 2014, there was plenty of movement.... read more »
The 20 largest retirement plans in the world increased their holdings of alternatives and cash in 2015, bypassing bonds and, in some cases, equities, in their search for returns.... read more »
Schroder Investment Management North America has recruited two to join its U.S. credit team.... read more »
Private equity fund restructurings in some cases might be a get-out-of-jail-free card for the general partner and a big source of business for alternative investment secondary market players, but for...... read more »
Asian investment-grade credit is catching the attention of investors across the globe.... read more »
Annuities remain a big impediment to simplification and cost-cutting by 403(b) sponsors.... read more »
Many universities sued in a recent string of 403(b) plan lawsuits are responding emphatically to criticism of their retirement plan management.... read more »
Pensions & Investments has hired two new staff members, in London and Chicago.... read more »
On track to beat last year's enforcement record and heading into a new fiscal year with possibly more staff and resources, officials at the Securities and Exchange Commission's enforcement division...... read more »
Nearly a dozen of the nation's largest universities are facing litigation over their 403(b) plans, accused of similar fiduciary-duty breaches that have bedeviled 401(k) plan sponsors.... read more »
Restructuring private equity funds that are close to, or have reached, the end of their fund lives is a growing business for firms that invest on the secondary market — a business that could...... read more »
As public pension plans disclose a second consecutive fiscal year of lackluster returns, amid projections of diminished investment earnings for the next decade, more public asset owners will have...... read more »
Investment-grade credit is having its moment in the spotlight, thanks to a potent combination of central bank action, a search for yield and the recognition that conservatism in investment is key.... read more »
Don't delay! Pensions & Investments is accepting entries for the 2017 Eddy Awards.... read more »
The saying that everybody has a price is beginning to ring true in the commodities sector, with some investors convinced the asset class is, in parts, becoming attractive.... read more »
Foreign distressed debt managers are eyeing the surge of non-performing loans on Chinese bank balance sheets for investment opportunities in a system that's long favored local managers.... read more »
A year after trading halts at the opening of U.S. equity markets resulted in a $1.2 trillion loss in market value on Aug.... read more »
At the request of their institutional clients, hedge funds-of-funds managers are researching ways to combine beta-isolating risk factors and alpha-producing hedge funds to offer cheaper,...... read more »
To get a better feel on where Hillary Clinton and Donald J. Trump stand on the issues, Pensions & Investments and 11 organizations recently sent the candidates some questions.... read more »
David Roeske will destroy your preconceptions of hedge fund managers as alpha dogs with a taste for luxury.... read more »
Endowment and foundation executives are pretty worried about the threat to their portfolios from a slowdown in global growth, but they are just about equally split about the positive impact the...... read more »
•Antonio Riera, a senior adviser of The Boston Consulting Group Inc., is based in the firm's Boston office.... read more »
A misinterpretation of state pension law caused the Chicago Public School Teachers' Pension & Retirement Fund to overpay its retirees by nearly $2.8 million total between 2012 and 2014.... read more »
AJO LP did something a little different when a longtime investor placed the Philadelphia quant manager and hedge fund firm on watch for performance.... read more »
The ETF Deathwatch is no place for an exchange-traded product to live, but at least the neighborhood is crowded with nearly 500 ETPs on the list.... read more »
The law of unintended consequences is once again in evidence 10 years after the passage of the Pension Protection Act of 2006.... read more »
Defined contribution investors were selective in how they pursued passive and active investing strategies — adding to passively managed equity and actively managed fixed income while...... read more »
In the 30 years since 401(k) plans have gained acceptance, the 401(k) has become the most popular savings vehicle to help American workers achieve financial well-being in retirement.... read more »
Your article, "Actuarial leaders disband task force, object to paper on public plan liabilities," (Aug.... read more »
Hear from the law's authors and industry observers discussing: why the law was necessary; what the law actually achieved; and what remains to be done.... read more »
Long-duration strategies accounted for every spot in the top 10 overall domestic fixed-income rankings for the year ended June 30, according to Morningstar Inc.'...... read more »
Real estate securities strategies claimed nine of the top 10 spots in Morningstar Inc.... read more »
The Commodity Futures Trading Commission's effort to more closely monitor the use of algorithms for derivatives trades is sparking warnings that tighter regulations could lead some on the buy side,...... read more »
Like the candidates themselves, the political platforms adopted at the Republican and Democratic conventions have little in common when it comes to retirement security and tax reform — two...... read more »
Japan's Government Pension Investment Fund doubled its allocations to domestic smart beta equity strategies last year, a vote of confidence that could point to mandates for foreign factor-based...... read more »
Bridgewater Associates LLC is the first money manager to have instituted a dual-party valuation process for its complicated suite of hedge fund and long-only portfolios with aggregate assets of $150...... read more »
Rather than grasping for straws in the face of lackluster market conditions, fundamental equity and multistrategy hedge fund managers are grabbing quantitative specialists to help them interpret...... read more »
Private equity investors are watching their capital flip from the distributions side of their ledgers to the capital call side for the same portfolio companies, as close to a third of exits are sales...... read more »
Like many pension-related laws, the Pension Protection Act that passed a decade ago was designed to address a crisis.... read more »
Even before the dramatic decision to significantly reduce its reliance on hedge funds and to cut hedge fund fees, the $71.5 billion New Jersey Pension Fund had been chipping away at those costs.... read more »
The future performance of Harvard's endowment is uncertain now that its management company's third president in 10 years has left.... read more »
Most publicly traded money management firms saw net outflows in the June 30 quarter, as concerns mount on a more clouded future and investors continue their shift from passive equity strategies.... read more »
Faltering valuations of so-called unicorn companies hold a potential double hit for institutional investors' portfolios.... read more »
Without the Pension Protection Act, retirement plan participants would be less equipped for retirement than they are today as the retirement industry makes the transition to defined contribution from...... read more »
The significance of the exchange-traded fund market is not lost on Diana Tidd, global head of equity index products for MSCI Inc. Indeed, Ms.... read more »
Buyout managers might be cutting their management fees some, but they are by and large maintaining 20% carried interest, said speakers at the Pension Bridge Private Equity Exclusive conference in...... read more »
Real estate overthrows large-cap equities as top-performing strategy, while falling rates put long-duration strategies on top.... read more »
The second quarter of 2016 was dominated by Brexit, both before and after the U.K. voted June 23 to leave the European Union.... read more »
Institutional investors are realizing they can do what's good for their assets, their budgets and their consciences all at the same time, as the integration of environmental, social and governance...... read more »
While touted for its passive management, Vanguard manages more than $1 trillion in active assets.... read more »
See charts and tables tracking commodities hires, terminations, returns and more.... read more »
Risk-parity managers have been planting their flags in China this year, and some observers expect volatility-battered investors on the mainland to prove receptive to the strategy's promise of steady,...... read more »
Malaysia's Kumpulan Wang Persaraan pension fund for public officials, the country's second largest retirement fund with 120 billion ringgit ($29.... read more »
Real estate managers are returning to Brazil, albeit cautiously.... read more »
Falling energy prices and sinking stock values in 2015 took a bite out of some 401(k) plans of oil-industry companies that offer company stock, especially those that had heavy concentrations of the...... read more »
Emmanuel Roman's appointment as the new CEO at PIMCO wasn't planned, or that's what officials of the money management firm are saying.... read more »
No matter who wins the White House in November, the next administration will have to do more to advance retirement security, a number of experts said.... read more »
Pensions & Investments is kicking off the 2017 Eddy Awards, putting the spotlight on plan sponsors and service providers that exhibit best practices in offering investment education to defined...... read more »
The stars seem to be realigning for emerging markets in a world where investors are hungry for yield, developed countries are looking altogether more unpredictable, and central banks are becoming...... read more »
The California State Teachers' Retirement System's commitment to invest $2.... read more »
Citadel LLC will hire 17 portfolio managers from hedge fund manager Visium Asset Management for its fourth and newest equity strategy, Aptigon Capital.... read more »
Pensions & Investments' 2015 editorial and design work has been recognized in two business publication contests, with the newspaper taking home nearly a dozen awards.... read more »
The largest institutional investors tend to access separate accounts and commingled trusts for low-cost indexing of stocks and bonds.... read more »
Institutional investors are wondering whether investing in commodities is worth the trouble, as the asset class has suffered an annualized return of -6.46% in the 10 years through June 30.... read more »
Technological advancements are having an impact on commodity investment, which could keep returns relatively low as production increases.... read more »
Money managers' future success will soon depend on significantly increasing their capabilities in advanced data and analytics at a time when market growth is not a given, a report from Boston...... read more »
Backers say commodities misunderstood, but cyclical nature isn't winning many fans.... read more »
As Puerto Rico's investors and residents brace for the start of its financial control board, those previously imposed on the District of Columbia and Detroit might offer some clues to the future.... read more »
European asset owners have been the prime opportunity set for managers of multiasset strategies in the past decade, but increasingly investors based in the Asia-Pacific region are becoming a...... read more »
Small ETF providers might have little market share, but that hasn't stopped them from being acquired by larger active money management firms looking for a quick way to enter or expand their...... read more »
The use of managed accounts is on the rise as institutional investors batten down the hatches on their hedge fund portfolios in the face of widespread criticism of fees, returns and transparency.... read more »
London's standing as the financial center of the globe is potentially under threat as a result of the U.K.'...... read more »
The addition of IEX Group as the 13th U.S.-registered stock exchange could have an impact on how asset owners and other institutional investors trade large blocks of stock.... read more »
The addition of IEX Group as the 13th U.S.-registered stock exchange could have an impact on how asset owners and other institutional investors trade large blocks of stock.... read more »
The impact of the referendum approving a U.K.... read more »
Once a loosely regulated bunch, private equity firms might have to register as broker-dealers or find their ability to charge transaction fees or provide bank-like services impaired.... read more »
Asset owners face the same risk level now as they had in the financial crisis, investment consultants say.... read more »
Multiasset strategies could face growing scrutiny in coming years as the prospect of stingy market gains leaves institutional investors relying more on managers' asset allocation skills to pursue...... read more »
The U.S. Supreme Court hasn't shown interest in revisiting its 2014 stock-drop ruling in Fifth Third Bancorp et al. vs. Dudenhoeffer et al.... read more »
The guidelines in a landmark Supreme Court ruling on stock-drop cases are turning out to be almost as tough on plaintiffs as the standard the court nullified.... read more »
Opportunity for growth exists in the subadvisory market, but the window isn't open to all.... read more »
Smart beta exchange-traded fund strategies reached the institutional investing forefront in 2013 when the Arizona State Retirement System revealed its backing of four new ETFs from BlackRock Inc.... read more »
Canadian public pension plans are seen as leading investors in high-profile asset classes such as private equity and infrastructure.... read more »
Firms that stress cost effectiveness, customized programs moving to front of the line...... read more »
Potential demand for high-quality, long-duration bonds could amount to $600 billion in total over the next few years due to both a shift to more fixed-income allocations and a shift within fixed...... read more »
The first bondholders' class action against Volkswagen AG and its U.S. subsidiaries could provide a new avenue for U.S. investors to sue foreign companies in U.S. courts.... read more »
The breaches of the SWIFT bank messaging system disclosed in late April have shined a spotlight on the security of all institutional transactions, from securities trading to cash transfers and...... read more »
No distress? No problem; capital won't be called until investment cycle improves...... read more »
There's a lot to love about private debt, with its lower expected volatility than bonds and immediate cash flow.... read more »
PIMCO's announcement this month that it is making a 3% cut in its headcount is only the latest, and most public, move in a continuing reduction.... read more »
The elimination of its dividend investment team is the final blow to PIMCO's attempts to build an active equity franchise.... read more »
Corporate defined benefit plan sponsors likely will step up allocations to liability-driven investing and raise pension contributions in coming months, according to pension strategists.... read more »
New Zealand Superannuation Fund is turning to factor-based strategies to squeeze better long-term returns from the roughly 75% of its NZ$30.3 billion ($21.... read more »
MSCI's decision this month to once again delay adding China's A shares to its emerging markets indexes could favor the small vanguard of U.S.... read more »
Too few Americans are adequately saving for retirement, speakers agreed at Pensions & Investments' third-annual Global Future of Retirement conference in Washington.... read more »
Pension fund and money management executives are coming to terms with the U.K.'...... read more »
Tweets about what the Global Future of Retirement Conference speakers said.... read more »
What keeps retirement plan executives up at night? That question was posed at a panel at Pensions & Investments' Global Future of Retirement conference, and a dominant source of insomnia for...... read more »
Retirement and public policy don't always mesh well, said participants on several panels during the Global Future of Retirement conference.... read more »
Thought leaders from around the world came together for the Global Future of Retirement Conference. Learn what they had to share.... read more »
A collection of P&I's coverage of the U.K.'s unprecedented referendum vote to leave the European Union.... read more »
It's never too early to begin educating people about financial literacy, believes Annamaria Lusardi, academic director of the Global Financial Literacy Excellence Center at the George Washington...... read more »
Chinese money managers are becoming both competitors and partners for foreign managers, inside China as well as abroad.... read more »
Herndon Capital Management has been hemorrhaging clients, with several asset owners citing performance as the reason they dropped the Atlanta-based manager that largely focuses on large-cap equities.... read more »
The world's third-largest economy continues to struggle, but labor force reforms could help get growth back on track.... read more »
Waddell & Reed Financial Inc.'s incoming CEO will face big challenges when he takes the top spot, namely reversing a slide in assets under management, net profits and operating margins.... read more »
The ability of retirement plan participants and institutional investors to pursue ERISA and securities class-action lawsuits could be significantly altered, following two Supreme Court actions that...... read more »
With only pockets of competitively priced investment opportunities in the U.S., real estate investors are roaming Europe looking for bargains.... read more »
A number of money managers are taking risk off the table across portfolios, moving to a more cautious approach to investment and focusing on capital preservation as tail risks begin to rise.... read more »
China's capital markets might have opened just enough to win Shanghai- and Shenzhen-listed A shares a toehold this week in MSCI Inc.'...... read more »
Diversified portfolios outperformed all others with less risk over the past 25 years.... read more »
As blockchain use in derivatives develops, handling the legal side of futures and options trading will have to adapt as well.... read more »
An unexpected alignment of factors has made now a very good time for pension funds to insource some or more of their investment portfolios.... read more »
Some big-name financial institutions recently exited the health savings account business despite the market's steady growth.... read more »
How well hedge fund returns have met asset owners' expectations depends on to whom you're talking — or which report you're reading.... read more »
A potential U.K. exit from the European Union is causing foreign real estate investors to hold off on property investments in the country until after its June 23 referendum on the move.... read more »
Investment outsourcers reported the first decline in assets managed worldwide for institutions with full or partial discretion since Pensions & Investments began tracking the industry in 2011.... read more »
Rock-solid support from pension fund boards of trustees, investment committees or whatever entity holds fiduciary responsibility is absolutely essential for internal investment management.... read more »
Outsourcing losing some ground to insourcing.... read more »
Casey Quirk's Justin White says to expect a shake out in the asset management industry as mid-size firms disappear.... read more »
Greenwich Associates' Davis Walmsley explains how in-sourcing is causing asset managers to lose sovereign wealth fund assets.... read more »
The already blurred line between investment consultant and money manager is getting fuzzier as both types of firms aim to serve investors desiring strategic relationships that cut across alternative...... read more »
Long-dated bonds might be attracting attention from institutional investors, but active managers also are taking advantage of the extra yield available.... read more »
Methuselah bonds — so called in reference to the long life of their biblical namesake — are back in vogue in Europe, with eurozone governments spurred to issue amid a thirst for yield.... read more »
Kentucky Retirement Systems has had controversy recently regarding its board following Gov. Matt Bevin's executive order removing Thomas K. Elliott as chairman.... read more »
As Internal Revenue Service officials grapple with how to prevent employers from providing lopsided retirement benefits that discriminate in favor of higher-paid employees, plan sponsor advocates are...... read more »
Lower fees, greater flexibility in investment management and less complexity in plan management are bolstering the growth of collective investment trust-based target-date funds, industry observers...... read more »
"Big data" — the seemingly endless and fast-growing sea of digital blog posts, tweets, texts and pictures — is on every quant firms' radar screen, but it looms larger on some...... read more »
Large institutional money managers undergoing routine examinations from the Securities and Exchange Commission are now being asked to disclose their trade allocation policies.... read more »
Volatile markets, declining oil prices and asset owners re-evaluating where to invest their capital pulled down money manager assets in 2015.... read more »
Volatile markets, declining oil prices and asset owners re-evaluating where to invest their capital pulled down money manager assets in 2015.... read more »
Money managers are bulking up on staff and resources, betting that infrastructure debt will be the next big new thing for investors searching for yield.... read more »
Greece is getting interesting from an investment perspective as the country makes further reforms, its banking sector gets set to access cheaper financing, and a new agreement with the country's...... read more »
Investors are stepping back into energy, but this time they are looking to capitalize on the industry's distress.... read more »
Deadlines for Pensions & Investments' Best Places to Work in Money Management recognition program as well as the Excellence and Innovation Awards have been extended.... read more »
Quantitative equity firms this year are seeing their strongest inflows since the global financial crisis, and some managers predict their growing use of "big data" — or...... read more »
Eighteen months after completing a merger with US Airways, American Airlines Group Inc.... read more »
The decline in oil prices had a trickle-down effect on money managers that run assets for sovereign wealth funds in 2015.... read more »
Real estate managers notched solid overall asset gains during 2015, but at a much slower growth rate than a year earlier.... read more »
Assets in active ETFs grew at more than double the rate of passive ETFs in 2015, Pensions & Investments' annual money manager survey found.... read more »
PIMCO's U.S. defined contribution assets under management fell 32% to $104.1 billion by year-end 2015, according to the latest P&I survey of money managers.... read more »
Fueled by investors' twin desires for returns and fixed-income replacements, money managers' buyout and distressed debt assets under management had the most growth among alternative investment asset...... read more »
Intermediate-term strategies stayed at the top of the list of top-performing domestic fixed-income managers for the year ended March 31, according to Morningstar Inc.'...... read more »
Large-cap value managers made up the majority of the top 10 overall domestic equity strategies for the year ended March 31, according to Morningstar Inc.... read more »
Operational due diligence for long-only equity strategies can fall short when compared with efforts to look under the hoods of private equity or hedge fund operators, industry insiders say.... read more »
The result of the first test of a new multiemployer pension reform law has left trustees of the Central States Teamsters pension fund reeling, other troubled multiemployer pension fund officials...... read more »
Commercial real estate lenders are getting pickier, leaving real estate money managers with the choice between buying core real estate that is overpriced or using less leverage when they buy...... read more »
Foreign money managers are opening sales and client service offices in Japan this year, anticipating growing offshore allocations from local asset owners as hopes for Abenomics fade.... read more »
Even as more companies offer health savings accounts and more people enroll in them, the investment savings component of the accounts remains small, representing 14% of the total $30 billion in HSA...... read more »
Headlines describing an industry teetering on the brink and criticism about poor performance and high fees by the likes of investment legends Warren Buffett and John C.... read more »
Brexit concerns have hit U.S. shores, with investors, investment consultants and global money managers worried about the potential implications of a U.K. exit from the European Union.... read more »
Currency volatility is no longer the best friend of alternative investors, with recent swings biting into investors' international investments.... read more »
European insurers are turning their attention to the U.S. market to make their infrastructure investment plays, with the municipal bond market a particular focus.... read more »
Canadian multiemployer pension funds are expanding into more alternative investments, and that is bringing the C$88 billion ($70.8 billion) market new attention from consultants and money managers.... read more »
The impending fiduciary rule is looming over the money management industry, which experienced a mixed performance in the first quarter.... read more »
As a newcomer to health savings account investing strategies, Dimensional Fund Advisors sees a significant marketing opportunity.... read more »
Vertical integration is the hottest trend in indexing and exchange-traded products, and no area of the business has embraced that more readily than Wall Street itself.... read more »
Managers, consultants hopeful about long-term opportunities...... read more »
Large-cap value ends growth strategies domination in latest quarter; intermediate-term bonds continue to top the list.... read more »
Kamehameha Schools' endowment has grown to be one of the largest with a successful absolute-return portfolio and Hawaiian real estate.... read more »
See the 10 largest institutional investors in infrastructure.... read more »
See the route most institutional investors take to build an infrastructure portfolio.... read more »
Current and target allocations to infrastructure by different groups of institutional investor.... read more »
See the trends in fundraising over the last 10 years.... read more »
For some asset owners, externally managed infrastructure funds clearly have their relative charms.... read more »
Assets under management at Los Angeles-based money manager TCW Group Inc. have reached an all-time high of more than $180 billion as the firm has capitalized on William H.... read more »
A groundbreaking legal decision that could give pension funds and the Pension Benefit Guaranty Corp.... read more »
Private equity investors are getting a dose of the new normal as the hottest fund managers again demand general partner-friendly terms and fees that investors have not seen since the pre-crisis go-go...... read more »
A strong regulatory tailwind is buoying South Korea's nascent hedge fund industry this year, even if the impact on the supply side is outpacing growth in demand just now.... read more »
Institutional investors jostling one another this year for a toehold in existing power plants or toll roads — in search of the steady, reliable yields sovereign bonds used to provide —...... read more »
Global high-yield markets have rallied following a difficult few months, but money management executives are divided over the outlook for the U.S.... read more »
NYCERS' actions notwithstanding, few institutions are dumping hedge funds.... read more »
Seth Glickenhaus, a bond trader turned money manager whose studies of law and medicine failed to lure him away from Wall Street, his professional home for more than eight decades, has died.... read more »
Exxon Mobil Corp. is facing pressure on climate change from asset owners and governmental investigators, as well as challenges affecting the entire oil and gas industry.... read more »
Time is running out to nominate executives for the 2016 Excellence and Innovation Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.... read more »
Aurora Investment Management will close and return money invested in its hedge fund-of-funds strategies after a failed attempt to sell the business.... read more »
Equity trading strategies increasingly are being seen through the lens of investment performance, with some sources referring to savings from reduced trading costs as alpha, not unlike what's...... read more »
Environmental, social and governance issues, already prominent among European investors, are no longer held in niche status with U.S. investors.... read more »
Through legislation and regulation, public pension plans are reforming their cost-of-living-adjustment rules, which often ignites legal clashes with employees and retirees.... read more »
A pending plan to cut benefits to members as part of a rescue plan for the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is facing challenges even before the U.S.... read more »
A pending plan to cut benefits to members as part of a rescue plan for the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is facing challenges even before the U.S.... read more »
Even as infrastructure wins a dedicated allocation from growing numbers of institutional investors around the globe, much about their approaches to the market segment remains idiosyncratic.... read more »
Institutional investors jostling one another this year for a toehold in existing power plants or toll roads — in search of the steady, reliable yields sovereign bonds used to provide —...... read more »
The largest corporate pension plans ranked by funding ratio -- plan assets as a percentage of benefit obligation — as of Dec. 31, 2015, unless otherwise noted.... read more »
RiskWatch provides recent data on volatility and correlation, the two components of risk, for U.S. and global equity and fixed-income markets.... read more »
Assets down, and contributions plummet for the 100 largest corporate pension funds in 2015.... read more »
As trustees of the New York City Employees' Retirement System voted last week to liquidate its hedge fund holdings, the nation's largest public pension fund shared an update of its own exit plans:...... read more »
Pensions & Investments this month won a Jesse H. Neal award for Best Data Technology for the P&I Research Center.... read more »
The retirement industry had plenty to say about the Labor Department's updated fiduciary standard, unveiled April 6, after years in the making.... read more »
Nearly six years after the Obama administration introduced an expansion of who is considered an ERISA fiduciary, the final rule released this month was largely well-received in the defined...... read more »
Several U.S. asset owners are either terminating their investments with Vontobel Asset Management Inc.... read more »
Total compensation among the CEOs of large publicly traded money management firms fell an average of 2% in 2015, a year marked by market volatility and growth — or lack thereof — in...... read more »
A bankruptcy decision put the brakes on private equity firms' blossoming interest in the troubled master limited partnership sector.... read more »
For the world's biggest pension fund, size apparently has its privileges — at least when it comes to retaining external managers.... read more »
More pension funds aren't just talking the talk on private equity fee transparency — they're asking general partners to use a new, standardized disclosure template introduced earlier this year.... read more »
Emerging markets corporate debt is presenting money managers with a dilemma: an expected net-negative supply of hard currency paper this year is driving an improved technical picture, but at the same...... read more »
Money managers running direct lending strategies are turning their attention to Europe in an effort to capture new and developing opportunities.... read more »
Heightened volatility in the equity markets has led some money managers to seek excess return for their passive strategies through executing trades on individual index component shares away from the...... read more »
CalSTRS will move a $16 billion portion of its investment portfolio into a new risk mitigating strategies portfolio and is interviewing 25 managers in coming months to select which firms will manage...... read more »
In a year when the nation's largest corporate defined benefit plans saw a 5.7% aggregate decrease in liabilities, funding levels barely budged.... read more »
Two former State Street executives have been charged by the Department of Justice with scheming to defraud at least six of the bank's clients through secret commissions applied to billions of dollars...... read more »
The funded status of the top 100 corporate pension plans.... read more »
Canadian corporate DB plans continue to be well funded with fixed-income-heavy portfolios.... read more »
Money managers complain it is challenging to compare companies' environmental, social and governance risks, as well as differences in ratings among ESG data providers.... read more »
Pensions & Investments, as part of this special report on ESG investment trends among institutional investors, turned to its archives to trace the initial steps, key changes and trends among large...... read more »
Assets of defined contribution record keepers reached $5.42 trillion for the year ended Sept. 30, according to the latest Pensions & Investments survey of the largest record keepers.... read more »
Oregon Investment Council was a victim of its investment success.... read more »
Money managers and consultants are adding resources, aiming to ensure they'll have the expertise to capture business as nearly £200 billion ($289 billion) in local government pension scheme assets...... read more »
The Canadian government plans on seeking institutional investment to help it make C$120 billion ($92.2 billion) in infrastructure investments across the country over the next 10 years.... read more »
State Street Corp.'s acquisition of GE Asset Management could be the shot in the arm its money management business needs.... read more »
Institutional investors are getting exposure to a new type of residential security, one that securitizes bundles of loans for the large portfolios of single-family homes big managers bought as rental...... read more »
Institutional investors are moving back into residential mortgage-backed securities, even as lawsuit settlements are giving them back some of the money they lost on RMBS investments made before the...... read more »
The perceived loss of faith and confidence in central banks' ability to deliver long-term stimuli to the markets means money managers and investment consultants are addressing these concerns with...... read more »
Investors and the financial markets are questioning the ability of central banks' stimuli to revitalize global economies, despite promises to do whatever it takes and increasingly unconventional and...... read more »
CalPERS has missed out on as much as $3 billion in investment gains since the nation's largest defined benefit plan shed its tobacco holdings, as that industry powered ahead, a recent report from its...... read more »
As Puerto Rico faces upcoming deadlines for paying bondholders and other creditors, all eyes are turning to Washington with hopes that the White House, Congress or even the Supreme Court can work out...... read more »
Customized target-date fund assets surged 40% last year as more defined contribution plans offered the investment option and more participants became comfortable with it, according to the latest...... read more »
Pension funds are focusing more on ways to reduce their foreign-exchange trading costs by negotiating better terms with their custodians — in the case of one public pension fund, bypassing the...... read more »
Does your company offer great benefits? Provide ample opportunities for employee development and a great culture to boot? If so, your organization could be among those selected for recognition in...... read more »
At January's Inside ETFs conference, Vanguard Chairman and CEO F.... read more »
Integration of environmental, social and governance factors is moving toward the mainstream of institutional investment management.... read more »
ESG investment by institutional asset owners has made impressive gains in recent years, and is poised for even more, thanks to new strategies and measurement tools, and a boost from regulators.... read more »
Assets of defined contribution record keepers reached $5.42 trillion for the year ended Sept. 30, according to the latest Pensions & Investments survey of the largest record keepers.... read more »
Integration of environmental, social and governance factors is moving toward the mainstream of institutional investment management.... read more »
Buy-side traders relying only on requests for quotes for interest-rate swaps pricing could be missing out on best execution by not taking order books into account, a report by Greenwich Associates...... read more »
After several years of robust initial public offering activity in the U.S., stock market uncertainty has pinched offerings so far this year.... read more »
Venture capital-fueled innovations are having a dramatic impact on real estate, and historically myopic real estate managers and investors are finding they no longer can afford to consider the asset...... read more »
Venture capital-fueled innovations are having a dramatic impact on real estate, and historically myopic real estate managers and investors are finding they no longer can afford to consider the asset...... read more »
Pressure on defined contribution plan fiduciaries is expected to rise as recent legal filings by the Department of Labor and Securities and Exchange Commission appear to expand their responsibilities...... read more »
Officials at Russell Investments say prospective institutional clients are taking a new look at the firm now that the ownership question has been resolved.... read more »
Tighter Basel III capital requirements are raising the hurdles for hedge fund allocations by Japanese financial institutions, but a bleak outlook for capital market returns this year could leave a...... read more »
Entries are being accepted for the 2016 Excellence and Innovation Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.... read more »
Money managers are taking part in a gold rush - in some cases for the first time in years - as the precious metal regains its shine in a world of negative interest rates and jittery markets.... read more »
PNC Financial Group Inc. opted for posters of sunflowers. McLaren Health Care Corp. provided wildflower seeds.... read more »
Money managers increasingly are buying cybersecurity insurance to supplement their technology security strategies to both combat data breaches and deal with repercussions if hackers do break in.... read more »
Lingering illiquidity in credit markets, especially for high-yield bonds, has pushed hedge fund strategies like leveraged relative value and long/short credit onto the endangered species list.... read more »
The Carlyle Group LP's funds-of-funds and secondaries business has been shedding executives and investment strategies at a fast clip.... read more »
Brazil's troubles over corruption, political instability and volatile markets are creating something of a perfect storm for some money managers.... read more »
Mitchell Harris has taken the reins at Bank of New York Mellon's investment management business, tasked with continuing to grow the company's assets and global reach.... read more »
Top Securities and Exchange Commission officials shared their 2016 priorities and thoughts on controversial issues like third-party compliance reviews and a fiduciary rule with money managers...... read more »
A number of certainties were clear at this year's Pensions and Lifetime Savings Association investment conference: that climate change is a very real risk; that growth is and will remain hard to come...... read more »
The acquisition of London Stock Exchange Group PLC by Deutsche Bourse AG — and the expected bidding war for LSE Group that's expected to include Intercontinental Exchange Inc.... read more »
The Eddy Awards were created to identify and reward the best practices in providing investment education to defined contribution plan participants.... read more »
Central banks continue to push interest rates to new lows, a factor behind U.S. institutional investors' avoidance of international fixed income.... read more »
Ranked by total U.S. defined contribution assets, in millions.... read more »
The retirement savings plans of money managers could offer better automatic enrollment and escalation features, said a survey from the Financial Services Roundtable's Save 10 initiative and...... read more »
Christine Marcks, president of Prudential Retirement, has been named the 2015 winner of the Lillywhite Award, which honors people who have made contributions to Americans' economic security.... read more »
Hedge funds-of-funds managers are experiencing a modest renaissance as institutional investors look for better ways to manage their hedge fund portfolios and increase their allocations.... read more »
Retirement service providers and managers are nervously bracing for a whole new world in the coming weeks when the Department of Labor is expected to release a final conflict-of-interest rule.... read more »
The Department of Labor's process for developing a new fiduciary standard was flawed by interagency conflict, said a report from the Senate Homeland Security and Governmental Affairs Committee.... read more »
Awareness of the impact of low interest rates and volatile markets on pension funds is nothing new, but the results of the first stress test on these investors by a European supervisory authority has...... read more »
Reaching $90 billion in assets under management since its start in 2009, DoubleLine Capital LP is exploring new options for growth, possibly even an acquisition, founder Jeffrey Gundlach said.... read more »
Money managers offering diversified growth strategies saw their dynamism and asset allocation prowess tested in recent times, as volatility last summer and the beginning of this year caused equity...... read more »
While the return of volatility to the markets and increasing monetary policy divergence weigh on the minds of single-strategy investors, these factors might be just what diversified growth strategies...... read more »
A tighter concentration of investment-grade corporate debt this year is forcing institutional investors to become more selective when seeking debt for their portfolios.... read more »
U.S. corporations tracked by Pensions & Investments so far in 2016 revealed plans to contribute a total of $15.... read more »
Reforms announced by Chinese regulators last month have put the country's stock and bond markets on the threshold of gaining entry to global benchmark indexes.... read more »
Market veterans say foreign investors are unlikely to rush through the door China's regulators just opened to the country's huge — and fast-growing — domestic bond market.... read more »
While pension funds remain with passive equity management, a few midsize endowments and foundations are taking advantage of active management, riding the wave of volatility in equity markets and...... read more »
Assets of the 100 largest corporate U.S. defined contribution plans rose 5.1% to $1.12 trillion in 2014 from the prior year, data analysis by Pensions & Investments shows.... read more »
Assets of the 100 largest corporate U.S. defined contribution plans rose 5.1% to $1.12 trillion in 2014 from the prior year, data analysis by Pensions & Investments shows.... read more »
A challenging environment for annual crops is projected to keep returns for agriculture from reaching double digits in 2016.... read more »
While the impact of a U.K. exit from the European Union might not yet be fully priced into the markets, the implications of a so-called Brexit could be huge, money managers warn.... read more »
Large-cap growth strategies dominated the one-year overall domestic equity rankings in Morningstar Inc.... read more »
Short- and intermediate-term strategies were the top performers in fixed income for the year ended Dec.... read more »
Five years ago, Dennis Tito considered selling Wilshire Associates, the consulting and investment firm he co-founded in 1972.... read more »
Risk-parity continues going strong despite the hit it took in 2015, fueled chiefly by a continued investor desire to keep portfolios diversified.... read more »
Delays, clarifications and concerns are putting rules and regulations firmly in the spotlight for the world's largest money managers.... read more »
A 100-basis-point spread in rates between long-term, fixed-rate commercial mortgages offered by life insurance companies and the volatile commercial mortgage-backed securities market is creating a...... read more »
Changes in mortality tables, interest rates and PBGC premiums are giving more U.S.... read more »
Proxy access will stand out in the 2016 proxy season, accounting for the most shareholder proposals ever in a year.... read more »
With three multiemployer pension plans moving to cut benefits, pension advocates are pushing to derail the law that made such steps possible before there are more, while other experts press for new...... read more »
Japanese government bonds could be the lone bright spot for Tokyo-based institutional investors as the March close of a volatile fiscal year looms, with the Bank of Japan's imposition of negative...... read more »
Nancy K. Webman, who retired as editor of Pensions & Investments in 2015, will receive the Lifetime Achievement Award from the Plan Sponsor Council of America.... read more »
An agreement between U.S. and European Union regulators to settle the issue of equivalency between derivatives clearinghouses in the U.S.... read more »
Collective investment trusts within the defined contribution industry have grown 68% since 2008, with assets rising to more than $1.5 trillion by the end of 2014, data show.... read more »
Aurora Investment Management LLC is still on the block since hanging out a “for sale” sign in December.... read more »
Shipping has been a major disappointment for the alternative investment managers that came aboard early, but a new crop of investors expect to reap gains from the industry's and earlier investors'...... read more »
Pension risk transfer in the United Kingdom saw significant transactions completed in 2015, particularly in the area of buy-ins.... read more »
Ethical standards and fee disclosure come above all other concerns when it comes to what institutional investors consider the most important attributes of a money manager, said a new study by the CFA...... read more »
Raymond James Financial Inc. has formed a new company to provide transparency and create efficiencies among its asset management firms.... read more »
According to the LIMRA Secure Retirement Institute, which conducts a quarterly survey of the pension risk transfer market, U.S.... read more »
Shorter duration bond strategies take top honors for year; holdings of popular stocks give long-term growth funds nice push for year.... read more »
P&I each year collects data on the largest 1,000 U.S. retirement plans. With data animation, viewers can easily compare size, scope, location and changes in allocations.... read more »
John Skjervem, CIO at the Oregon State Treasury, compared asset allocation to classic rock bands. He also discussed reasons for the Oregon Public Employees Retirement Fund's increase in alternatives.... read more »
Frank Varano, senior manager of pensions and investments at WestRock Co., explained how the pension fund uses two OCIOs to reduce volatility and risk in its portfolio.... read more »
Super Bowl 50 had the oldest starting quarterback in Super Bowl history facing one of the youngest on Sunday, but there is one statistic that they don't have to worry about: their retirement plan's...... read more »
Rising prices have pushed up the assets of the largest U.S.-based custodian banks to almost $100 trillion.... read more »
Assets of the largest 1,000 U.S. retirement plans totaled $8.84 trillion on Sept. 30, a dip of 2.3% from a year earlier.... read more »
Texas Permanent School Fund's investment department has the go-ahead to manage its first portfolio of hedge funds internally, and the hybrid structure of the new fund means fund operations will be...... read more »
As a group, publicly traded money manager stocks have fallen around 25% since they peaked nearly 10 months ago.... read more »
As politicians search for a resolution over the U.K.'...... read more »
Volatile markets and squeezed profitability within the money management industry likely drew down the compensation pool for senior executives at the end of 2015, according to consultants and...... read more »
Developers are visualizing a brave new world in custody that would apply high-tech gaming techniques like voice activation, hands-free data entry and movement recognition to deliver asset servicing...... read more »
South Carolina Retirement System Investment Commission made major changes to the asset allocation of the $28.2 billion South Carolina Retirement Systems.... read more »
Public employee unions in New Jersey — thwarted by Gov. Chris Christie's actions and rebuffed by several state court rulings — are asking the U.S.... read more »
Proposed SEC regulations that would require mutual funds to have a minimum cash cushion and liquidity risk management programs in place could have a broad impact on retirement plans, sources said.... read more »
Investors withdrew close to $50 billion in the past six months from the funds and strategies of money management firm Franklin Resources Inc.... read more »
Venture capital has, for many endowments, been the best performing asset class in recent years.... read more »
Money management firms that would otherwise be going loco for CoCos — contingent convertible capital instruments — are cautious because of new capital rules and a regulatory spat related...... read more »
In a year when high-yield indexes were down, high-yield assets held by the largest U.S.... read more »
Hedge fund investments among the 200 largest U.S. retirement plans totaled $162.1 billion as of Sept. 30, up 2.5% from a year earlier.... read more »
The surge into target-date funds continues, with assets allocated to those funds occupying an ever bigger share of defined contribution plans.... read more »
Alternative investment asset growth slowed, stalled and in some asset classes reversed in the year ended Sept. 30, Pensions & Investments' annual survey of the largest U.S.... read more »
Assets of the largest 1,000 U.S. retirement plans totaled $8.84 trillion on Sept. 30, a dip of 2.3% from a year earlier.... read more »
An interactive infographic of the P&I 1000 largest retirement plans.... read more »
See a map showing where the assets of the largest retirement plans are across the U.S.... read more »
The newest must-have skill for pension consultants seems to be succession planning as industry leaders and company founders approach retirement age or prepare to move on.... read more »
While energy is a key driver of commodity investments, gold is a large component and key diversifier of passive commodity portfolios.... read more »
Global money managers are losing some of their most reliable client assets as the stubbornly low oil price continues to take a toll on the world's largest sovereign wealth funds.... read more »
As the Department of Labor sifts through comments on a proposal to allow states to set up their own retirement savings programs for some private-sector workers, the action now shifts to the states...... read more »
The decision by two major stock index providers to break out real estate securities into a separate sector could, in the long term, benefit investors by dampening real estate stock volatility and...... read more »
Last year's busy regulatory agenda for money managers is likely to be eclipsed in 2016, as multiple regulators focus on shared priorities including cybersecurity and money laundering.... read more »
In a year of exciting macroeconomic and market situations — with unprecedented monetary policy, the return of volatility, and the bottoming out of the commodities supercycle — one would...... read more »
Pensions & Investments acquired the WorldPensionSummit and WorldPensionSummit Africa Special platforms, in an expansion of its existing global conference business.... read more »
How did multistrategy managers make money in their hedge funds in 2015, widely considered one of the most difficult of recent years in which to produce positive returns?... read more »
Multistrategy hedge funds were the industry's darling in 2015, accounting for about 84% of net inflows across all strategies, supported by rising investment by institutional investors.... read more »
The growth in participants using managed accounts in defined contribution plans and the amount of assets being invested in them hasn't matched the growth of sponsors' adding these services.... read more »
Proposed SEC regulations to require more transparency for dark pools and other alternative trading systems, if approved, could lead to contraction in the now-fragmented equity trading landscape.... read more »
Policymakers in Asia are moving to shore up their countries' retirement systems, but not necessarily quickly enough to get in front of the demographic tidal wave threatening much of the region.... read more »
The New Jersey Legislature has taken the first step to place before voters in November a proposed constitutional amendment that would provide consistent state payments each year to the $79 billion...... read more »
Strengthening pension systems - an end in itself for many countries in Asia - could support another crucial policy goal: making domestic demand the principal dynamo for economic growth in the region,...... read more »
Countries face challenges to meet growth of over-65 demographic.... read more »
Legg Mason Inc. agreed to deals involving three firms spanning real estate, hedge funds and exchange-traded funds.... read more »
In a year that proved tough for many managers to produce high returns, institutional investor investment in hedge funds and hedge funds of funds rose 5.5% to $11.6 billion in 2015.... read more »
Real estate investors' decisions to invest more capital with fewer managers is putting pressure on managers to show clients something special or face a long, slow demise.... read more »
Now that many investors, large and small, are moving to prune their list of real estate managers and commit more capital to the ones left standing, some industry executives wonder whether they are...... read more »
SEC officials say nothing has changed about the way they view chief compliance officers at money management firms, but CCO groups say members are feeling vulnerable and are bracing for more scrutiny...... read more »
Master limited partnerships - and the institutions invested in them - have been taking it on the chin lately.... read more »
In a year in which global mergers-and-acquisitions volume hit record highs, up 37% from 2014, M&A activity within the money management industry dropped, both globally and within the U.S.... read more »
Asia's largest pension funds might be moving to adopt more dynamic currency strategies in response to growing overseas allocations and greater foreign-exchange market volatility.... read more »
Consultants expect many defined contribution plans to move away from prime money market funds in the face of a looming October deadline for new SEC regulations that might create complications for...... read more »
The decline in the Canadian dollar in 2015, particularly against the U.S.... read more »
Global money managers are seeing constant — and in some cases increased — demand for buy-and-maintain credit strategies from across the globe, as lower liquidity, cost concerns and the...... read more »
Baird Asset Management is on a growth spurt, doubling its assets under management to almost $40 billion in just two years, thanks in part to William H. Gross' departure from PIMCO.... read more »
U.S. retirement assets totaled $23.5 trillion for the quarter ended Sept. 30, down 4.3% from the end of the previous quarter, said the Investment Company Institute's recent quarterly report.... read more »
New book teaches consumers how to select the right adviser.... read more »
Implementing the standard on retirement accounts could reduce annual revenues by more than twice current estimates, according to a Morningstar report.... read more »
Few have planned for such care, but 70% of 65-year-olds will require it in their future.... read more »
High-yield fixed income remains on the plates of institutional asset owners despite the recent shuttering of two high-yield mutual funds that capped a difficult year for the asset class.... read more »
AMG stock took a hit in the days after affiliate Third Avenue Management announced it was liquidating its Focused Credit Fund.... read more »
New technology is bringing more deals to private equity firms than ever before, but it is not helping private equity managers close more transactions.... read more »
Hedge fund managers likely will have an easier time recruiting experienced analysts in 2016 than they did during the past few years.... read more »
The spread of the "sharing economy" is creating opportunities for real estate investment, said Robert O'Brien, global and U.S.... read more »
Among the gloom and doom of four years of emerging markets relative underperformance vs. the developed world, money management executives have found several bright spots.... read more »
After a tough, volatile 2015, Asian equity and debt markets could begin to recover their balance toward the end of the new year.... read more »
Rules and regulations dominated Pensions & Investments headlines in 2015.... read more »
Multinational corporations, expanding their use of defined contribution plans across the globe, face challenges in balancing the need for control of plans from headquarters with catering to the needs of local populations, a new survey by Pacific Investment Management Co. LLC finds.... read more »
In their predictions for 2016, investment strategists see single-digit returns, either negative or positive, in the equity market and fixed-income returns ranging from a bearish -3% to a bullish 20%.... read more »
Hong Kong's government announced the details of an alternatives-heavy Future Fund it will launch Jan.... read more »
High-yield fixed income remains on the plates of institutional asset owners despite the recent shuttering of two high-yield mutual funds that capped a difficult year for the asset class.... read more »
Nervousness over liquidity — which popular opinion would place in the fixed-income market — is building in the equity markets.... read more »
Active money managers with heavy exposures to emerging markets are bracing for more pain, even as rock-bottom valuations suggest a turnaround may be in store for 2016.... read more »
More staff and more investment offerings for U.S. clients are on Standard Life Investments PLC's to-do list for 2016.... read more »
When it comes to Washington issues affecting plan sponsors and service providers, the working title for 2016 will beThe Year of the Fiduciary Rule.... read more »
If the real estate investment cycle were a football game, 2016 would be a year for asset owners to play defense rather than try for one last touchdown before the next downturn.... read more »
The prospect of continuing increases in U.S. interest rates, credit defaults and volatility has raised the hopes of hedge fund managers for a happier new year than the last.... read more »
Private equity investors, holding piles of cash returned from their managers, will have to figure out how to invest it all in 2016, in the twilight years of this investment cycle.... read more »
The new year is expected to be an uncertain one for regulations in trading because of delays in European market rules and a U.S.... read more »
Investment strategists expressed wide-ranging outlooks in their forecasts for the markets for 2016.... read more »
Money managers will face a wide range of challenges and opportunities in 2016, from a changing interest-rate environment to geopolitics to more-demanding clients to increasing technology needs.... read more »
With the new European Union directive Solvency II set to take hold in just days, insurance companies and their money managers are adjusting investment portfolios to ensure they can continue to reap...... read more »
Defined contribution experts are expecting a stronger effort in 2016 by plan executives to incorporate broad financial and health matters into programs to help participants better prepare for...... read more »
The wide dispersion of glide paths and asset allocations makes evaluation much more complex. And yet, TDF choice is likely the biggest investment decision for a plan.... read more »
Walnut Creek, Calif., is searching for a bundled provider for its three defined contribution plans, said an RFP notice posted on the city's website.... read more »
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department.... read more »
Despite what opponents say, IRA rollovers will likely withstand implementation of the fiduciary rule.... read more »
The Pennsylvania House of Representatives shot down a pension reform bill on Saturday in a 149-52 vote.... read more »
Illinois State Board of Investment plans to issue an RFP in a search for an investment consultant for the $4 billion Illinois State Employees' 457 Deferred Compensation Plan.... read more »
Offering this coaching is one way advisers show they care not only about clients' financial success, but also about their health and well-being...... read more »
Sir Winston Churchill once said, "We make a living by what we get. We make a life by what we give." During their working years, many of your clients may define their success primarily by their career advancement or the size of their bank account, house or paycheck.... read more »
Withdrawals before age 591/2 from plans and IRAs that are used to pay medical bills are generally exempt from the 10% early distribution penalty. But not all medical expenses qualify.... read more »
Salem, Ore., hired Voya Retirement Services as record keeper of its $67 million 457 plan.... read more »
Legislation introduced Friday would quash a Labor Department proposal to strengthen investment advice standards for retirement accounts.... read more »
Fidelity Management Trust Co. has been targeted in a class-action lawsuit for fiduciary breach under the Employee Retirement Income Security Act as a result of its alleged mismanagement of a stable value fund.... read more »
The House of Representatives passed a $622 billion tax package that extends many tax provisions set to expire, including some affecting real estate investment trusts.... read more »
Tennessee Valley Authority proposed freezing its cash balance pension plan and moving current employees to the 401(k) plan.... read more »
Higher yield on bonds and CDs, higher annuity payouts, will provide tailwind to retirees.... read more »
University System of Georgia is searching for a general consultant for its 403(b) and 457 plans.... read more »
The U.K. will establish a secondary annuity market starting in April 2017, as the government continues to extend its pension freedoms.... read more »
Defined contribution plans consistently underperform defined benefit plans, most likely due to higher investment fees, said a new research brief issued Tuesday by the Center for Retirement Research at Boston College.... read more »
The first months of the Supreme Court's 2015 session have brought pension plan executives and other court-watching investors both disappointment and encouragement.... read more »
Critics of the Securities and Exchange Commission's handling of administrative proceedings are welcoming the agency's latest efforts to modernize the rules, but vow to push for more sweeping changes.... read more »
Institutional investors are increasingly keen to invest in renewable energy, deciding that what's good for the planet may be equally good for a portfolio.... read more »