Kay Review: Busting the Alpha Myth
Equity markets are rife with short-termism, but there are other problems too – relative performance is killing alpha creation, leading economist John Kay claims in a far-reaching review.
News
Swiss Corporate Pension Funding Squeezed
In fiscal year 2011, funding ratios of Swiss corporate pension funds fell back to their 2008 lows, underscoring the universally difficult climate for pension funds.
Russell: Corporate Pensions Are NOT Better Funded With Legislation
Funding relief by Congress is no panacea for corporate plan sponsors and, in the end, could mean muddy waters for investment programs, according to Russell Investments.
‘Goliath’ Leads Giant Canadian Pension Purchases
Canada’s thirst for real assets has seen international purchases this week, including one of the largest since the onset of the financial crisis.
Size of GM’s Pension Deal With Pru Determined Soon
By Friday, 42,000 General Motors retirees must choose whether to take a lump-sum payment or receive an annuity from Prudential Insurance, thereby determining the size and scope of the GM’s watershed pension risk transfer deal with Prudential.
Doubt Cast Over Endowment Commitment to ESG
The rhetorical commitment of endowments to environmental, social and corporate governance investments does not match the reality, a research group has claimed.
Maryland Pension Rejects Lower Return Target
A 7.75% return rate is still the number to aim for in Maryland.
PIMCO Warns Investors to Rethink Asset Allocation
Amid a volatile market environment, PIMCO's Curtis Mewbourne offers some recommendations on how investors should rethink their approach to asset allocation.
Dutch Pension Slams Regulator as Funding Slips Further
Dutch pensions see positive returns in the short and medium term, but they are still suffering the consequences of falling interest rates.
S&P 500 Pension Underfunding Hits Record Levels
In fiscal year 2011, the S&P 500’s pension and other post employment benefit underfunding broke the level reached in 2008.
As Investors Fear Illiquidity, Those Who Stand Strong May Gain
A newly published paper examines how institutional investors respond to a flight to liquidity.
Boost for Infrastructure as UK Government Backs Major Projects
Infrastructure projects are struggling to get off the ground as investors are wary of the risks.
CalPERS Investment Chief Considers Libor Litigation
CalPERS will investigate whether it has been harmed by the alleged Libor rate-fixing scandal and will pursue damages from banks if that is the case.
Investors Turn on ‘Core Europe’
Peripherals nations are not the only concerns to investors looking into Europe, they think the powerhouse economy might be on the ropes too.
Norway Bulks Up on FTSE 100 Companies
Norway's sovereign wealth fund has been buying up holdings in FTSE 100 companies, continuing its liquid-led investment strategy.