For pension plan sponsors that have a view that interest rates will rise and express this view by having a duration of assets significantly shorter than the duration of liabilities, swaptions can be used to more efficiently express this short duration “hedge later” mindset, according to Legal & General Investment Management America.
Only 9% of more than 5,000 investment strategies achieve the highest environmental, social and governance (ESG) ratings within Mercer’s Global Investment Manager Database (GIMD), and the firm sees both innovation and opportunity for improvement.
China's SWF prefers infrastructure and long-term projects over Eurozone debt.
The Teachers’ Retirement System of Illinois is looking for external expertise in improving its current securities lending program in the wake of market volatility.
JP Morgan Asset Management has added to its strategy group with Roberts Grava.
Portfolio performance can be enhanced across market environments using a dynamic portfolio construction framework, according to a new research paper.
The most difficult part is the design of an effective pay-for-performance scheme in the investment function, writes Keith Ambachtsheer from the University of Toronto.
US pension deficits have eased, but the battle lies ahead for large companies facing economic headwinds.
The CFTC is reviewing oversight in response to MF Global's collapse, yet its Commissioner also claims that because MF Global did not result from a lack of regulation, he is puzzled by the Commission’s attempts to regain public confidence through new regulation.
The Profile: Lars Rohde, CEO of ATP, on the Danish fund's breakout year.