‘Majority’ of Dutch Pensions Breach Solvency Levels
Funds have less than four months to finalize deficit recovery plans.
News
Capturing the January to Halloween Premia—on the Cheap
Trend-following strategies can be a cost-efficient means of capitalizing on seasonal market movements, a leading quant argues.
Blackstone Fortune Teller Sees a Clinton Win, Equities Loss
Byron Wien, vice-chair of multi-asset investing, paints a grim year ahead (for US investors, at least).
Hedge Fund Flows Collapse in 2015
Demand for credit strategies “evaporated” in the second half the year—but asset owners are still forecast to put new money to work in the sector.
Value, Size… & Groupthink?
Executive teams’ résumés link dramatically to stock performance, even more so than momentum, market cap, and book-to-market ratio.
Hedge Fund Herding, and How to End It
Too much focus on outperforming peers is causing misalignment between hedge funds and investors, argues Novus Partners.
Morningstar: Smart Beta Is Active Management
Investors should determine smart beta’s source of outperformance, how long the source persists, and how to implement the beta, a columnist has argued.
Fear Not the Bubble, Academic Says
Market values crashed only one out of ten times following a major boom over the last 115 years, research has found.
More DC Menu Options, More Problems
Research shows participants save nearly $10,000 more per person when offered fewer fund choices.
European Pensions Refocus on Property
Continental institutions’ interest in real assets shows no signs of abating.
‘Another Lackluster Year’: Market Predictions for 2016
Advisors and asset managers polish their crystal balls and forecast the performance of stocks, commodities, and other asset classes in the coming year.
Moody’s: CalPERS’ De-Risking Plan Is Still Risky
It would take the $300 billion fund nearly 20 years to cut the discount rate to 6.5%, during which asset performance could fall drastically, the ratings agency said.
Pensions Strike $150M London Whale Settlement
The cash deal ends a three-year legal battle with JP Morgan following the bank’s $6.2 billion loss.
Does Your Benchmark Choice Matter?
Market capitalization, equal weighted, dividend weighted—one study claims this is not an important decision.
Aon Hewitt: Why Investors Should Keep Hedge Funds
Cyclical drags on hedge funds could lift, but smooth returns are down to manager skill and the right mix of strategies, Aon Hewitt has argued.