If investors combine various asset classes, they can create a portfolio that is similar to a global market-cap portfolio, cutting volatility and increasing their Sharpe ratio, says Antti Ilmanen, managing director of AQR Capital Management.
The second largest public pension fund in the United States has sued officers and directors of Wal-Mart over allegations that the retailer bribed officials in Mexico.
Many investors remain underexposed to international small cap stocks -- an underweight that could be increasingly costly, according to a whitepaper by Morgan Stanley Investment Management.
"The threat of a Federal Solution hopefully will deter plans who currently make the full actuarial required contributions payments from going back on this promise," says Chris Tobe, a former trustee of the Kentucky Retirement Systems (KRS).
The New Zealand Superannuation Fund is in discussions with Harvard Management Company over the purchase of Harvard’s majority stake in the Kaingaroa forest estate.