LDI 3.0
From aiCIO Magazine: If liability-driven investing (LDI) 2.0 is locking in a glide-path, LDI 3.0 is beginning to think about how to rebalance within a complex and constantly-moving portfolio.
Asset Allocation
US Census Bureau: While Still Lagging Below Pre-Crisis Peaks, Public Pensions Continue Their Recovery
Boosted by stock market gains, US state and local government pension-fund assets rose in value by 5.5% in the last three months of 2010, recouping some of 2008's losses.
Study Shows Large US Pensions to Boost Direct Hedge Fund Allocations
Pension underfunding is driving heightened interest in both hedge funds and fund-of-funds, according to a recent white paper.
SSgA Urges Investors to Seize Opportunity in Smaller Emerging Markets
Research conducted by SSgA's Active Emerging Markets investment team found that since January 1997, smaller markets such as Chile, Peru and Hungary outperformed BRIC countries within the emerging market world.
World Economic Forum Cautions on Risks for Long-Term Investors
After a year working on a World Economic Forum report about the future of long-term investing, which was mandated at an annual meeting in Davos in 2010, co-author Max von Bismarck speaks with aiCIO about the implications for institutional investors.
Milliman Funding Report: Large US Pensions Enjoy High Contributions, Increased '10 Corporate Plan Funding
The latest annual report by Milliman shows that record levels of employer contributions have led to a small gain in funded status.
Survey Shows Institutional Investors Allured by Asian Real Estate
The latest analysis by CB Richard Ellis reveals an optimistic outlook for Asian real estate investment markets.
Pension Consortium Buys Half of Wind Project for $1.13 Billion
Danish pension insurance groups PensionDanmark and PKA have agreed to buy a 50% stake in an offshore wind farm project.
Survey Shows Pensions Exert Caution Over Emerging Market Debt
Aberdeen's latest Pensions Intelligence white paper has shown that while trustees acknowledge the diversification potential of emerging market debt, they have not yet fully embraced it.
Placement Agents Threaten to Abandon CA Funds, But CalSTRS Disagrees
A survey by Preqin shows that 67% of placement agents intend to cease working with California-based public pension schemes affected by new legislation, yet CalSTRS says it has experienced no such threats.
Norges Bank Remains Committed to European Bailout Fund
Dag Dyrdal, Chief Strategic Relations Officer at Norges Bank Investment Management (NBIM), which manages Norway's Government Pension Fund Global, says that the fund will continue to play an active role in Europe's bailout fund and sees opportunity in Asian markets as well as real estate.
NJ Pensions Enjoy 15% Gains; Higher Alt Allocations
A report presented to the State Investment Council shows that New Jersey’s pension funds have gained 15% this fiscal year.
Report: Insurance Outsourcing Accelerates
Findings from the Insurance Asset Outsourcing Exchange, which tracks newly outsourced investment mandates by insurance companies and investment managers, show that an increasing number of insurers are outsourcing management to third parties.
Preqin Says PE Funds Face Challenging Environment
"Investors are being very wary about where they are putting their money and want to see a track record," Preqin says.
Moody's Report: With Growing Pension Popularity, Hedge Funds Must Alter Strategies
A report by Moody's Investor Service shows that as pension funds increase their allocation to alternatives, hedge fund managers will have to lower fees, change their business strategies and reduce their risk tolerance.