Checklist for De-Risking
Before starting to derisk a portfolio, there are a number of factors to consider; Schroders has outlined the most important.
News
Study: CalPERS, CalSTRS vs. California's Local Pensions
California's local pension systems have over $130 billion in unfunded liabilities, a number that has been largely ignored as the state's unfunded liability has historically stolen the spotlight.
Paper on Equities Asks: If Not Now, When?
The stage is set for investors who pursue US equities to deliver active returns, a paper by UBS Global Asset Management asserts.
Denmark to Issue First Inflation-Linkers
Investor demand has led Denmark to issue its first inflation-linked bonds, which solve some major pension scheme problems.
Western Australia to Create SWF, Following Leads of Norway, Middle East
Following on the heels of Norway and oil-rich states in the Middle East, Western Australia's Premier Colin Barnett has expressed plans to form its own sovereign-wealth fund to better harness its natural resources.
Tough Times Ahead for Money Market Funds
Money market funds look set for a torrid time in 2012 as regulatory pressures hit at the same time investors are demanding performance and liquidity.
Paper Explores Value of Tail-Risk Hedging in a Volatile Market
Investors need to better understand how tail risk hedging works, the tradeoffs involved, and how the costs are determined, according to a whitepaper by BNY Mellon.
Value Equities No Answer to Stressed Markets
Investors looking to tap global growth in stressed markets should look outside their usual value-focused remit, Mercer Investment Consulting says.
Dutch Funds Reveal Shortfall Solutions
Dutch pension funds announce the extent of their benefit cuts as the regulator demands coverage ratio is met.
Why Does Sun Chemical Outsource Its Pension? Because It’s a Chemical Company.
If there are two overriding trends amongst corporate pensions, they are investment outsourcing and liability-driven investing (LDI). Sun Chemical, choosing to focus on its core competency, is doing both.
Is Hedging the New Diversification?
The global financial crisis of 2008/2009 has led to disillusionment with traditional approaches to diversification and has resulted in the growing popularity of hedging as a tool for lowering risk, a recent paper by BNY Asset Management claims.
Paper: For Public Plans, Are Accounting Rules Distorting Asset Allocation?
A recently posted academic paper suggests that while
equities have a place in public plan portfolios, the high holdings percentage
may be a result of regulatory misalignment.
Ireland Asks OECD for Pension Review
The Organisation for Economic Co-operation and Development has been called in to review the Irish pension system as the Eurozone nation flounders in recession.
Russian SWF Picks up North American Advisers
Harvard and Caisse de Dépôts executives join new Russian SWF for investment and corporate governance advice.
What Keeps Wyoming's Pension CIO Up at Night?
John Johnson, the interim chief investment officer of the $6.5 billion Wyoming Retirement System, says thoughts of market volatility cause him many a restless night's sleep.