Recent Paper Explores Five Alternatives to the High Cost of Tail-Hedging
New research by AQR Capital Management reveals that insuring against tail risk is too costly and a drag on long-term performance.
News
UK May Turn to Pensions for Infrastructure Help
As Europe battles its deepest budget cuts since World War II, Chancellor of the Exchequer George Osborne is trying to revive the economy, finalizing an agreement with pensions and infrastructure investors to finance projects.
With Europe in a Financial Slump, China Investment Corp Voices Support
Without being a main source of aid for Europe, China's sovereign wealth fund may give "indirect" support to the region through investments.
Echoes of Harvard Endowment Trouble Heard
Harvard University has posted a $130 million operating deficit in the year ending June 30, the partial result of large endowment losses in 2008.
Deutsche Bank Reviewing Asset Management Structure
The German-based bank is conducting a “strategic review” of
its global asset management division; selloff of businesses possible.
Study: Liability Risk Prominent in US and UK
A study by Metlife shows that plan sponsors in both the United Kingdom and the United States are “keenly aware of the challenges their DB pension plans still face.”
Damning Picture of PBGC Emerges
The Pension Benefit Guaranty Corporation used improper outside vendors to calculate benefits, according to an audit.
As SuperCommittee Fails, Counterintuitive Result Likely
American sovereign debt is likely to appreciate in value if the Congressional SuperCommittee cannot reach an agreement on fiscal matters.
KPMG: Fiduciary Management Gains Steam
However, total pension assets outsourced in the United Kingdom are still a relatively paltry 4%, the study shows.
CIO Summit Australia: Risk-Balanced Investing Still in Infancy
aiCIO held an intensive half-day summit to explore how Australian asset owners can better protect themselves in the current market environment and beyond through risk-balanced approaches to investing.
Report Defines the 'Art of Risk Management'
Risk management is the art of using lessons from the past in order to mitigate misfortune and exploit future opportunities, according to a report.
Union Pensions Sue Bulge-Bracket Banks Over MF Global
Goldman Sachs, Citigroup are among those named in a lawsuit alleging misstatements regarding the European debt exposure of failed investment house MF Global.
Eurozone Turbulence Prompts Uptick in US, Emerging Market Equities
A new Bank of America Merrill Lynch study has demonstrated that -- driven by Eurozone turbulence -- money managers are fleeing to US and emerging market equities.
Integrated Markets Thwart Liquidity of China's Sovereign Wealth Fund
President of China Investment Corp. Gao Xiqing has said that as global markets are more integrated, it becomes more difficult to shed sovereign debt investments, Bloomberg reported.
CalPERS Narrows in on Compliance, Risk
Carol Moody was named senior portfolio manager for investment compliance and operational risk at the $229.4 billion California Public Employees' Retirement System (CalPERS).