Adapt or Die? Investment Biz Braces for Tech Effect

Most investment industry workers expect their job functions to change over the next five to 10 years as a result of technological disruption–with nearly half expecting that change to span from significantly different to job eliminating–according to the findings of a new report released by CFA Institute, titled the Investment Professional of the Future. The report explores how investment industry …

CTPF’s CIO Lays Out Factors in Fund’s GP Selection

The approximately $11 billion Chicago Teachers Pension Fund (CTPF) has a 9% allocation to real estate, 6.9% of which is managed by external asset managers that are general partners (GPs). The fund expends a great deal of time and effort in its selection process for GPs with which to do business. According Angela Miller-May, CTPF’s …

Russell’s CIO Has Three-Step Advice to Handle Market Correction

Russell Investments helps investors manage downside risk in three ways: by diversifying sources of returns, by using a robust dynamic asset allocation process to guide tactical positioning, and by seeking effective implementation capabilities, according to Peter Gunning, the firm’s global chief investment officer and chief executive officer, Asia-Pacific. He added that the firm has been …

Public Pension Plans Lower Assumed Returns with Minimal Rise in Costs

Public pension plans have lowered their investment return assumptions, which generally raises costs, by requiring larger contributions to fund promised benefits. However, the decline in assumed returns is due to lower than expected inflation, which should have no effect on costs (employee contributions) in an inflation-indexed system, according to a recently released report titled: How …

Royal Palm’s Kodsi: Miami is Key City for RE Investors

If there is one thing that Daniel Kodsi, CEO of Royal Palm Companies, a diversified real estate development company, knows, it’s Miami real estate. That’s because he has spent the last 30 years in Florida, raising money for real estate funds and developing real estate projects. Kodsi is bullish on the Miami region in particular and …

CIBC AM’s CEO Says Alts Investing is a Challenge

Liquid alternatives investments represent a wide range of asset classes and strategies giving investors many more moving parts to understand and master than traditional investment solutions, which makes succeeding in the strategy quite a challenge, according to David Scandiffio, president and CEO, CIBC Asset Management. “Given the multifaceted playing field, experience and investment skills are …