Table of Contents

Issue Date: Monday, August 7, 2017

News

Equity markets fuel majority of AUM gains

Equity markets fuel majority of AUM gains

Rising equity markets helped boost assets under management for publicly traded money managers in the second quarter.

Private credit grows riskier as leverage, assets climb

Private credit grows riskier as leverage, assets climb

A shift in lending is making private credit investment more risky, skewing benchmarks and distorting returns of some managers.

Interest rate hikes could be boon for transition managers

Interest rate hikes could be boon for transition managers

A quick jump in interest rates could lead some pension plans in LDI programs to use transition managers when moving assets to derisk.

Investors see innovation as way out of limbo

Investors see innovation as way out of limbo

Investors wanting high-return assets without paying high prices need to innovate through co-investments or by partnering with emerging managers.

U.K. plans want ways to add infrastructure to investment mix

U.K. plans want ways to add infrastructure to investment mix

Defined contribution plans in the U.K. are actively thinking about how to incorporate infrastructure into portfolios

Levels of risk for institutions up for debate

Levels of risk for institutions up for debate

Money managers are divided when it comes to whether institutional investors are taking enough risk in their portfolios.

Managers could face new woes in EU because of ESMA 'opinions' regulator burden

Managers could face new woes in EU because of ESMA ‘opinions’ regulator burden

ESMA's principles covering non-EU money managers could add hurdles for those firms in working on the Continent.

MiFID II may end up aiding active management firms

MiFID II may end up aiding active management firms

When it comes to MiFID II, what does not kill active managers will make them stronger.

Washington offers hope over retirement security

Washington offers hope over retirement security

Ideas for improving retirement security are starting to gain traction in Washington from both sides of the aisle.

Greece back in bond market, but investors aren't swarming

Greece back in bond market, but investors aren’t swarming

Greece reached a milestone in July with a return to the bond markets. But love for Greek paper wasn't universal.

European regulators offer support for ESMA’s statement on manager relocation

Several European financial regulators welcomed ESMA's opinions on principles regarding relocations to the European Union from the U.K

Manager split on risk extends to own investments

Manager split on risk extends to own investments

Money managers are not only split when it comes to their views on investors' risk-taking, but also when it comes to their own portfolios.

LACERS' meetings illustrate potholes on the path to private equity investing

LACERS’ meetings illustrate potholes on the path to private equity investing

Los Angeles City Employees' Retirement System renewed Portfolio Advisors' private equity consulting contract for a year, but it was not easy.

Special Report

Corporate governance

Corporate governance

A building backlash against Snap's extreme departure from the corporate governance “one share, one vote” gold standard looks set to discourage would-be imitators.

Frontlines

Editorial

Tax reform is No. 1 priority

Tax reform is No. 1 priority

President Trump must put tax reform and infrastructure spending at the top of his agenda and move health-care reform to the back burner.

Keep this top of mind: You are a fiduciary

Keep this top of mind: You are a fiduciary

Too many executives overseeing defined contribution plans still do not realize they are fiduciaries. This must change.

People Moves