Japanese corporate pension funds have adjusted their portfolios to respond to the rapidly changing market environment, allocating more heavily to alternatives and emerging markets, according to a survey by JP Morgan Asset Management.
The leaders of the Kodak and San Bernardino County pension systems, along with two others, have won the Edward D. Baker III Journal Award from the Investment Management Consultants Association for their paper on dynamic beta.
Low-volatility equity strategies are a realistic and common sense approach to target a reduction of risk while not necessarily sacrificing long-term returns, says Adrian Banner, Ph.D., Chief Investment Officer at INTECH Investment Management.
Illinois’ largest public employee pension fund paid an inordinate amount in fees to hundreds of financial managers while reaping a measly annual return on its investments, a new investigation claims, but the Illinois Teachers Retirement System says the allegations are misleading.