McKinsey: Historically Anomalous Period Nears an End
McKinsey & Co. has posted a new report assessing the state and the future of the North American asset management industry, encompassing both active and passive managers and looking at five...
View ArticleOutsourced CIO assets grow to $1.3 Trillion
By Charles Skorina With 74 firms reporting in, total outsourced CIO assets (managed with full discretion) have grown by $240 billion to $1.367 trillion since we published our last list in 2014. Â...
View ArticlePension Funds, Hedge Funds, and Allocations
A new scholarly paper addresses the puzzle: which institutional investors are best informed? Zhe Chen, of the University of New South Wales, David Forsberg, Macquarie Graduate School of Management, and...
View ArticleEnergy Infrastructure: The Midstream Sector
Is it a stream or is it a sea? They seem to have gotten their hydrological imagery mixed up. But no, the âseaâ in question is a literal sea, though the âstreamâ in question is a mere bit of...
View ArticleDakota Access and the Army Corps of Engineers: An Odd Mistake?
On November 7, the U.S. Army Corps of Engineers put out a statement that said that the Dakota Access Pipeline (DAPL) had agreed to halt its controversial ongoing construction in North Dakota. The...
View ArticleMIND THE GAPâLENDERS APPROACHING
By Diane Harrison Itâs been years since investors have been able to get excited about the term “yield” when referencing their investment portfolio. Too many individuals have been hanging onto cash...
View ArticleCommissioner Piwower and Alpha Seekers
With a new administration in the making, thoughts in the world of asset management naturally turn to the issue of appointments to the Securities Exchange Commission and the Commodity Futures Trading...
View ArticlePE Buyout Funds: Finding or Building a Proxy
Alexandre Coupe, associate director, Pacific Alternative Asset Management Company, head of PAAMCOâs asset allocation research, and formerly of Green Street Advisors, has written a fascinating...
View ArticleAftermath of 2008: Reactions to Decreased Liquidity
A new report from State Street Corporation and the Alternative Investment Management Association says that nearly half of the market participants surveyed believe that decreased market liquidity is a...
View ArticleInfrastructure Project Finance: Benchmarking and Definitions
In a new article in The Journal of Alternative Investments, three EDHEC-affiliated scholars, led by Frédéric Blanc-Brude, the director of the EDHEC Infrastructure, Singapore, look at recent...
View ArticleRudin and Marr: A Reformulation of RP Methods of Portfolio Construction
A recent article by Alexander Rudin and William M. Marr, in The Journal of Alternative Investments, seeks to change the terms of discussion of the risk parity method of portfolio construction in a way...
View ArticleLocal and Global VC Need to Work Together for Best Results
Thomas J. Chemmanur of Boston College, Carroll School of Management, and two other scholars looked into the issue whether local venture capitalists âplay well togetherâ with international VCs, and...
View ArticleSelling Growth Stocks at the Right Time: Hedge Funds Are Good At It
Two scholars at Ozyegin University, in Istanbul, make the case that hedge funds have a uniquely good record in one specialized sort of alpha harvesting: they are good at finding overpriced growth stock...
View ArticlePreqin on Ag Funds and Their Managers
Fundraising for agriculture/farmland-focused funds has been remarkably strong recently, according to research by Preqin, the multi-national data and consulting firm. Farmland has been aptly described...
View ArticleGlobal Pension Funds: Process and Best Practices
A new white paper from PwC, sponsored by AMAFORES, La Asociación Mexicana de Administradoras de Fondos para el Retiro (The Mexican Association of Retirement Fund Administrators) , looks at the best...
View ArticleAmy Falls: Meeting Harvardâs plan B
In late July, Stephen Blyth stepped down as head of Harvard Management Company; then things happened fast. By mid-September, a hire seemed imminent and HMC was said to have winnowed the field down to...
View ArticleShedding Light on the ESG/SRI Scene...
The US SIF Foundation has published its latest Trends Report on sustainable, responsible, and impact investing. On the one hand, this is a statistical snapshot of US-domiciled assets in the ESG/SRI...
View ArticlePrivate Equity Placements in China
A new paper by G. Nathan Dong and two other scholars investigates private equity placements in China and their consequences for the issuing firms. The study works from a natural experiment that...
View ArticleTIAA Report On Responsibility and Farmland
Biff Ourso, TIAAâs portfolio manager for agriculture investments, says in a prefatory message to their new report that âconcerns have been raised about whether investment in regions such as Brazil...
View ArticleREITs: The Market Bought on Rumor, Sold on News
Real estate stocks have distinguished themselves from financials to the extent that the former group now has its own Global Industry Classification Standard (GICS) sector. A fair amount of publicity...
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