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Japan Prime Minister Abe joins in call for fast GPIF asset review
trueOdds are falling that a governance overhaul will delay Japan's retirement fund from putting more of its $1.2 trillion into stocks.
Alibaba tops the list of largest U.S. IPOs in history
trueThursday's announcement that Alibaba Group raised $21.8 billion in its initial public offering made it the largest U.S. IPO of all time, topping Visa's $17.9 billion deal in 2008.
Pensions Trust taps Ownership Capital for global equity
trueThe Pensions Trust, Leeds, England, hired Ownership Capital to run £130 million ($211 million) in active global equities.
North Miami Beach pension fund taps 2 for large-cap equities
trueNorth Miami Beach (Fla.) General Employees Retirement Plan hired Sawgrass Asset Management and Wedgewood Partners to run about $8 million each in active domestic large-cap growth equities.
As equity drivers shift, allocations will need to change
trueThe stock market's rise from the depths of the financial crisis has been nothing short of spectacular. Those returns, however, are largely owed to the actions of central banks.
Thornburg's international equity assets drop
trueA portfolio manager realignment at Thornburg Investment Management to shore up performance in the firm's international value equity institutional strategy and mutual fund has fueled a substantial client exodus.
Move to passive likely to build still more steam
trueActive money managers could become victims of their own success at identifying mispriced securities.
Smart beta might not live up to its promises
trueSmart beta strategies can fail to live up to their promised outcomes in performance, diversification and stability, according to some in the investment management industry, challenging perceptions to an increasingly popular alternative to passive market-capitalization-weighted indexes.
SEC rule could push trading costs higher
trueThe Securities and Exchange Commission's latest salvo in the war against market instability could mean higher trading fees for money managers and some smaller equity trading venues curtailing operations or shutting down completely.
Shift to passive may not signal prospects for alpha
trueThe dearth of alpha on tap today — the result of a critical mass of smart, motivated people dedicating their lives to stock picking — should persist even if a wave of passive investing were to sweep a healthy chunk of those people out to sea, two experts say.
DDR Corp. CEO to depart at end of 2015
trueDaniel B. Hurwitz, CEO of DDR Corp., will leave the retail real estate investment trust at the end of 2015.
CalSTRS issues call for international equity managers
trueCalSTRS is searching for three managers to run non-U.S. developed markets equity strategies.
Franklin Regional Retirement System looking for midcap manager
trueFranklin Regional Retirement System is searching for a midcap core equity manager to run $6 million.
Higher yields, without increased risk
trueWith equity markets at a historical peak and interest rates still low, rebalancing a portfolio is a painful proposition. Rather than investing in traditional fixed income, however, institutional investors can allocate to private credit, which offers higher yields without added risk
N.Y. State Common establishes $2 billion strategic partnership with GSAM
trueNew York State Common Retirement Fund and Goldman Sachs Asset Management established a strategic partnership to run $2 billion in active global equity strategies.