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Investors lack understanding of factor exposures — report
trueMany institutional investors lack a clear understanding of the factor exposures across their equity portfolios, a new report says.
Nevada PERS looking to SSgA for passive international equities
trueNevada Public Employees' Retirement System, Carson City, will interview State Street Global Advisors in October, potentially to run about $1.5 billion in passive international equities.
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.
S&P: 60% of U.S., 75% of international active equity mutual funds fail to outperform benchmarks for year
trueData released by S&P Dow Jones Indices on Monday showed 60.2% of U.S. domestic equity mutual funds failed to outperform their benchmark for the year ended June 30. The number jumps even higher over longer time periods, with 85.9% and 73.6% of domestic funds trailing their benchmarks over three- and ...
Northern Trust selects global head of institutional distribution
trueJohn Krieg was named global head of institutional distribution at Northern Trust Asset Management.
Frontier markets equities continue to outpace in 2014
trueFrontier markets equities have extended their gains over developed and emerging markets in 2014. Through Aug. 19, frontier markets returned 21.5% -- more than three times that of developed markets, as measured by the MSCI ACWI index. The MSCI Emerging Markets index was up 10.3%.
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
RWC adds institutional salesman
trueRash Patel joined RWC Partners with responsibility for direct sales to institutional investors in the U.K. and other markets, said Dan Mannix, CEO at the firm.
PIMCO expands global equities team
trueIain McNaught and Simon Peters were named senior vice presidents at Pacific Investment Management Co., in London, spokesman Michael Reid said.
Cambridge Associates: Global developed private equity lags public counterpart, while emerging markets PE outperforms public markets in 2013
truePrivate equity and venture capital firms that invest primarily in developed markets outside the United States returned 16.3% in 2013, as measured by the Cambridge Associates LLC Global ex-U.S. Developed Markets Private Equity and Venture Capital index. The MSCI EAFE index, by comparison, returned ...
Northern Trust hires 2 for hedge funds-of-funds unit
trueTristan Thomas and Greg Jones joined the hedge funds-of-funds unit of Northern Trust Asset Management.
Benefit and future of non-transparent ETFs uncertain
truePressure is building behind the dam to release a new kind of exchange-traded fund into the world, yet many observers continue to ask: “Who benefits?”
Principal chooses ESOP consultant
trueMike Parrett was named a vice president of consulting, effective Aug. 18, at Principal Financial Group.
Fort Lauderdale General Employees goes passive with SSgA
trueFort Lauderdale (Fla.) General Employees’ Retirement System hired State Street Global Advisors to run $40 million in passive domestic large-cap growth equities.
BlackRock adds co-head of global equity
trueGary Clarke was named managing director, portfolio manager and co-head of the global equity team at BlackRock.