Pensions & Investments

“State pension funds with higher allocations to private markets will underperform their peers with greater exposures to global equities this year, according to a report from the MPI Transparency Lab issued Wednesday,” writes in her article Cheyenne Ligon.

“Since 2007, only half of Ivy League endowments added positive returns to their portfolios through manager and security selection,” writes Pensions & Investments’ Charles McGrath in his latest analysis of the Ivy League endowments’ investment performance, which features a chart from our 2017 Fiscal Year Ivy League endowment research report.

Yale’s endowment ran away from its Ivy League peers during the 2016 fiscal year with a 3.4% total return, according to a report from Markov Process International. Princeton came in second place with an 0.8% return, the only other school with a positive return. Read more about the study on Pensions & Investments.

Pensions & Investments’ Barry Burr covers Daniel Li, Michael Markov and Prof. Russ Wermers’ collaborative paper “Monitoring Daily Hedge Fund Performance When Only Monthly Data is Available” being awarded IMCA’s inaugural Academic Paper Competition Winner. See the press release here and the full article on Pensions & Investments.

Michael Markov interviewed by Pensions & Investments: “There were plenty of red flags at Oppenheimer Core Bond that these states and other investors could have picked up on.” View MPI’s quantitative analysis of the Oppenheimer Core Bond Fund here.

Michael Markov’s opinion piece, “The similarities between Pearl Harbor and Bernie Madoff” is featured in Pensions & Investments.