Pension Pulse

MAY 24, 2023

In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pension funds, he said. That beat the fund’s reference portfolio (an internal benchmark it sets for itself), which had a return of just 0.1

Investing 52

Investing Stakes Pension Funds Assets 52

Pension Pulse

MAY 19, 2023

All this is all happening while people say they are downright miserable about the market. Even those who are active investors reflect sentiment at depressed levels. That’s fine, because the dichotomy in fact implies further market gain, says George Smith, portfolio strategist at LPL Research.

Hedge Funds 52

Hedge Funds Funds Asset Management Assets 52

The Big Picture

MARCH 21, 2023

Antti Ilmanen and I wrote a paper, I forget the exact title, I think one of them was called Sin a Little, where we say, timing the market, and this applies to the bond market as well as the stock market, is an investing sin. We’re active investors. We think we make the market a more efficient place.

Hedge Funds 69

Hedge Funds Finance Financing Funds 69

Pension Pulse

JANUARY 22, 2025

Even the biggest pensions that have long investment time horizons and the benefits of scale have only tended to generate modest total portfolio net value add over the long term. A study by CEM Benchmarking found that the average annual net value add of the largest pension funds was 26bps over 20 years. But this is nothing new.

Pension Funds 59

Pension Funds Liabilities Hedge Funds Assets 59