While Report Knocks Risk Parity, Vendors Defend Approach as a Philosophy
A research report by Dimensional Fund Advisors claims risk parity fails to outperform over the long-term, but vendors defend the investment approach.
News
Standard Life Sues 11 Insurers for Pension Losses
Hoping to recover its value following the collapse of Lehman Brothers, Standard Life is suing 11 of its insurers who refused to pay a claim related to a cash injection into one of its pension funds.
SEC Subpoenas Kentucky Pension Officials
As part of an inquiry by the US Securities and Exchange Commission to investigate the role of middlemen among pensions, the regulator has subpoenaed officials of Kentucky Retirement Systems to be interviewed.
Fed Survey: Hedge Funds Ward Off Risk
According to a survey by the Federal Reserve of 21 senior credit officers, hedge funds have an increasingly lower demand for risk.
Trustees, CIOs Question Assumptions Behind Risk Parity, Dynamic Asset Allocation
Damon Krytzer, a pension trustee, and Sam Kunz, the chief investment officer of Chicago's Policemen's Annuity and Benefit Fund, speak with aiCIO on misperceptions behind dynamic asset allocation and risk parity strategies.
Hermes' Nusseibeh: Investors Are Guilty of Fueling Dangerous Financial Complexity
Saker Nusseibeh, the head of investments of Hermes and chairman of the new 300 Club, tells aiCIO that institutional investors should avoid following the heard and instead question and scrutinize unnecessary complexity.
PPF Reveals UK Pension Fund Deficits Swell
The UK's pension schemes have experience growing deficits for a second consecutive month, the Pension Protection Fund (PPF) has said.
Alaska Permanent Fund Makes Headway in Tapping New CIO
The Alaska Permanent Fund Corporation is making progress in selecting a new chief investment officer to replace Jeffrey Scott, who departed from the fund in early August to join consulting firm Wurts and Associates.
Study: Hedge Funds Suffer Year of Disappointing Returns
A total of 40% of hedge fund limited partners have received returns below their expectations in the past year, the latest Preqin study reveals.
Mercer Report: Sustainability of US Retirement System Under Pressure
The Melbourne Mercer Global Pension Index -- which includes 16 countries and 50% of the world population -- has found that the Netherlands, Australia, and Switzerland holds the top three spots in the ranking, while the US ranks in 10th place.
Florida's SBA Chief Called to Discuss Investment
The head of Florida's pension fund is being called to discuss a $125 million investment in a public meeting.
Missed Opportunity for Schemes: Dynamic Asset Allocation Could Have Provided 3.5% More in Annual Returns, Report Says
According to new research published by Aviva Investors, UK pensions could have improved their long-term investment performance by up to 3.5% a year if trustees had applied dynamic asset allocation to their portfolios.
Preqin: Private Equity Real Estate Fundraising Slows in Q3
According to researcher Preqin, private-equity firms raised slightly less in Q3 than in the previous quarter.
UN Report Champions Responsible Infrastructure Investment, Citing AustralianSuper as Archetype, Among Others
The United Nations' Principles for Responsible Investment (PRI) has released a compendium to draw attention to how its signatories are implementing responsible investment practices in infrastructure investment.
Survey: Mixed Messages by UK Gov't Makes Pensions Wary Over PFI Investing
Mixed messages from the UK government over the viability of private finance initiatives is making schemes cautious, a new survey shows.