Table of Contents

Issue Date: Monday, January 23, 2017

News

GPIF sets new path for managers

GPIF sets new path for managers

The world's largest pension fund is working toward a new deal for external managers that could provide more upside for those firms capable of delivering strong long-term results.

Returns strong in 2016 despite scary beginning

Returns strong in 2016 despite scary beginning

An eventful year filled with geopolitical drama, market volatility and diverging monetary policy gave rise to some impressive returns for pension funds in seven of the world's largest retirement markets.

SEC expected to come out of gate slowly

SEC expected to come out of gate slowly

The sizable learning curve of the likely next chairman of the Securities and Exchange Commission plus vacancies on the commission and in several key agency divisions should add up to an extended quiet period, veteran SEC watchers say.

DOL’s Borzi on the fiduciary rule: There is no going back

DOL’s Borzi on the fiduciary rule: There is no going back

Phyllis C. Borzi got the job she “always wanted” when she took over leadership of the Labor Department's Employee Benefits Security Administration in 2009, but she credits her previous roles for preparing her well.

Store closures changing way investors view retail sector

Store closures changing way investors view retail sector

Despite a spate of recent store closure announcements, industry experts say retail real estate isn't broken — but it is being remodeled, possibly furthering a convergence of real estate sectors.

European funds could face scarcity of U.S. bonds for LDI

European funds could face scarcity of U.S. bonds for LDI

The pool of euro-denominated, highly rated U.S. corporate bonds European pension fund managers have been buying over the past year might be about to dry up.

Investors urged to look hard at routing

Investors urged to look hard at routing

Recent settlements over market makers providing misleading information on equity trades have put institutional investors on notice that they need to take a closer look of how their trades are routed.

Contenders turning up heat for spot on S.F. fund board

Contenders turning up heat for spot on S.F. fund board

A hotly contested election for a seat on the San Francisco City & County Employees' Retirement System board is drawing attention to the role of pension trustees.

GPIF plans further boost to investment team

GPIF plans further boost to investment team

Japan's Government Pension Investment Fund is able to respond tactically to current market volatility but a broader response built on allocations to infrastructure, real estate and private equity will require a continued expansion of the fund's investment team at home and abroad, the president of the „132.1 trillion ($1.3 trillion) Tokyo-based pension giant said.

Investors mixed on how markets react to Trump

Investors mixed on how markets react to Trump

The election of Donald Trump late last year marred the long-awaited rebound in emerging markets, seen early in 2016 after years of underperformance.

Dollar's rise puts currency hedging  on the table again

Dollar’s rise puts currency hedging on the table again

The dollar's rise is bringing the issue of currency hedging back into some institutional investors' conversations.

More multinationals have global retirement policy

More multinationals have global retirement policy

Benefits executives at multinational corporations are seeking more centralized coordination of defined contribution plans due to DC's growing role in corporate retirement policies. a survey says.

Overlay managers offer small funds help on external trading

Overlay managers offer small funds help on external trading

Overlay managers are looking to expand their business by targeting smaller endowments and foundations — not just by managing a portfolio, but also by allowing those funds to use their trading desks for daily moves.

Seeing a light where others mostly predict dark clouds

Seeing a light where others mostly predict dark clouds

An industry veteran argues that Donald Trump's maverick victory is helping in part to set the stage for great opportunities in emerging markets.

Proposal for national securities regulator in Canada gains traction

Proposal for national securities regulator in Canada gains traction

A proposed national securities regulator in Canada that's targeting a 2018 start to operations is getting support from institutional investors keen of reducing a web of market regulations.

2016 themes expected to carry over into new year

2016 themes expected to carry over into new year

Experts in a number of pension fund markets around the world expect to have in common this year several themes that drove their investment returns and funded status in 2016.

Online

Frontlines

Editorial

Get real on cybersecurity

Get real on cybersecurity

Cybersecurity represents a high-profile risk management challenge that corporations must address at the level of board of directors as a top priority.

Letters to the Editor

People Moves