The Local Government Pension Scheme's Access pool has appointed UBS Asset Management to run the consolidated passive mandates for 11 administrating authorities.
<span style="font-size: 13px;">It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.</span>
Endowments and foundations have turned to passive investments after hedge funds disappointed with high fees and poor performance. Now, the plan is to stay put for the next 12 months, according to a survey. More than 40 percent of business officers said they increased passive investment strategies in the past three years, according to the survey released June 5 by NEPC, a Boston-based consulting firm with 109 endowment and foundation clients with assets of $60 billion. More than 50 percent of 74 endowments and foundations questioned said they plan to maintain their strategy in the next year. NEPC polled business...
While many pension funds are switching to passive investments to save money on fees, Yale University’s endowment has staunchly defended its actively managed investing strategy against so-called “fee bashers” in its most recent annual report.
In an era when an increasing number of investors are embracing passive investments such as index funds, the Ontario Teachers’ Pension Plan is putting its faith in its people by allocating more capital to active investment strategies.
The aura of mystery that surrounds hedge funds has allowed them to present their returns solely as a consequence of manager skill, or alpha. Recently, poor aggregate performance has challenged this p...
It turns out that to a great extent hedge fund returns reward risks arising from exposure to known factors. Just as index investing rewards broad market exposure, so alternative beta will reward expo...
The young investment class’ assets under management have increased to $4.3 trillion from a mere $30 billion when I started in this business in 1992. If current trends hold, momentum is about to rev up relative to passive investments like stocks.
Foundry Group, the Colorado-based venture capital firm known for its early investments in Fitbit and Zynga , is in the midst of raising $500 million for a new fund that will back both later-stage tech companies and other venture capital firms.
Family offices represent a monumentally large, extremely savvy and extraordinarily potent investment force. Those specialized wealth management firms, which manage the money of individual families, are investing capital in more active, direct and creative ways. Private equity has become one very important arena.