The Profile: Paul Matson, former CIO and now executive
director of the Arizona State Retirement System, discusses what he perceives to
be his biggest investing mistake in 2008 along with current
opportunities.
Pension funds still allowing further member accrual have been thrown the lifeline of ‘buyout’ in a new deal that could see further volume in the already burgeoning sector.
Disposition and over-confidence effects are important factors contributing to the fact that momentum strategies work only in longer
formation and holding periods.
Derivatives and other hedging strategies are logical solutions for corporate pension funds in the United States as they face heightened volatility along with interest rate and market movements amid a constrained bond market, investment consultants say.
Small pension investors are warming to outsourced or fiduciary management approaches, but refusing to relinquish final control; large investors are moving away entirely.
