News

The Consultant Corner: What Best-in-Class LDI Consultants Look Like

From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Hit by the unanticipated volatility of plans’ funded status and a swath of regulatory and accounting rule changes, plan sponsors, investment managers, and consultants have been forced to pay greater attention to plan assets in terms of liabilities. 

Increasing Complexity

From aiCIO Magazine's 2011 Liability-Driven Investing Issue: If the world ran out of long bonds, what would plan sponsors do?

Pearls of Wisdom

From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Advice from Jay Vivian, an LDI pioneer with the IBM pension fund.

LDI’s Collateral Damage

From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Does LDI mean trouble for equity long-only managers?

The Other Morgan Stanley

From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Wall Street is under fire for bad risk management. So why is Morgan Stanley’s defined benefit pension, of all things, so good at it?

Academic Paper: Fiduciary Duty Is a Fantasy

The design and governance of investment management institutions is actually more important than honoring the principle of fiduciary duty which, claims Gordon Clark, a professor at Oxford University and author of a new academic paper.  

Texas Public Pension Turns to Private Equity Giants KKR, Apollo

In the latest example of institutional investors turning to large private equity firms for their expertise in more complex investments, Kohlberg Kravis Roberts (KKR) and Apollo Global Management are set to manage $6 billion for the Teacher Retirement System of Texas' (TRS).