Risk management news and video from Pensions & Investments
No whimpers in 2014; final quarter goes out with bang
trueAfter a mostly sedate year, risk bubbled to the surface in the final quarter of 2014, according to the Axioma Insight Quarterly Risk Review.
Hawaii Employees moving bond managers to new risk-based allocation
trueHawaii Employees’ Retirement System, Honolulu, is in the process of transitioning its fixed-income managers to two of its four new risk-based categories.
2 professors win Markowitz prize for paper on sovereign wealth risk management
trueZvi Bodie and Marie Briere were named winners of the $10,000 Harry M. Markowitz Award prize.
LACERA issues RFI for consultant to do risk management study
trueLos Angeles County Employees Retirement Association, Pasadena, Calif., launched an RFI for a new consultant to perform an investment best practice and risk management study.
CFA Institute names new president, CEO
truePaul H. Smith was named president and CEO of the CFA Institute, effective Tuesday.
SEC prioritizes market risks for 2015, will continue to review private equity fees
trueSEC compliance officials will spend 2015 focused on protecting retail investors' retirement savings and assessing market risks
MetLife appeals to federal court to overturn SIFI designation
trueMetLife Inc. asked a federal court on Tuesday to overturn its designation as a non-bank systemically important financial institution by the Financial Stability Oversight Council.
State Street: Rising pessimism in Europe drives overall drop in investor confidence
trueInvestors are still confident, although their level of confidence dropped in December, State Street Global Exchange said.
Second suit filed over legality of Chicago pension reform
trueA second lawsuit challenging the legality of a 2014 Chicago pension reform law was filed in Cook County Circuit Court Monday.
Texas Teachers bringing risk parity in-house
trueOfficials at the $129 billion Teacher Retirement System of Texas, Austin, are gearing up to manage about $3.4 billion in a risk-parity approach in-house, making it one of the few pension funds to design and manage its own portfolio to even out risk across asset classes.
CFA Institute names new editor of Financial Analysts Journal
trueBarbara Petitt was named editor of the Financial Analysts Journal, said a statement from the CFA Institute, which owns the publication.
Martin Leibowitz wins IAQF/SunGard Financial award
trueMartin L. Leibowitz was named winner of the 2014 IAQF/SunGard Financial Engineer of the Year Award, said a joint news release from the organizations.
Japan's GPIF embarks on volatile journey
trueJapan's Government Pension Investment Fund has set course to steer its ¥127.3 trillion (US$1.11 trillion) portfolio into more volatile waters, in search of higher returns.
Hedge funds of funds are competing with consultants
trueHedge funds-of-funds managers are turning the tables on investment consulting firms that have been poaching their institutional clients.
Risks of clouding priorities
trueAsset owners, institutional investment management firms and the markets are not immune from crises of confidence.