MassPRIM: Removing FoFs Moves Us Closer to Peers

The Massachusetts Pension Reserves Investment Management Board has decided to embark on a comprehensive asset allocation review in an effort to better fund the $48.7 billion system, highlighting the need to change thinking, strategy, allocation, and management guidelines as circumstances change, the fund's spokesperson tells aiCIO.

Norway SWF Champions Southern European Bonds

Chief Executive of Norway's $513 billion Pension Fund Global Yngve Slyngstad believes measures that were taken during 2010 by European politicians were positive and believes yields on southern European countries' bonds will continue to improve in 2011 as a result.

CERN Revolutionizes Risk Management

Strategy + Tactics from aiCIO Magazine: "We call it a capital preservation philosophy," notes Theodore Economou, the pension head at the European Organization for Nuclear Research (CERN), echoing Benjamin Graham's mantra that to win, the first thing you have to do is not lose. "Losing money is not okay." 

State Pensions Tell Oil Companies to Responsibly Prepare for the Worst

Ceres, a national network of investors, environmental organizations and other public interest groups, has kicked off a campaign among global investors with assets totaling more than $2.5 trillion, urging energy companies to be open and transparent with investors and stakeholders.

From ai5000 Magazine: Playing the Right Game

The active versus passive investment debate has raged within academic circles for decades without resolution. Unfortunately for the world’s asset owners, this has left them wondering what game—Chase alpha? Ride beta?—they should be playing.

From ai5000 Magazine: Risk Parity, or Just Risky?

The consensus: The rise of derivatives and, more recently, extreme equity volatility have driven many asset owners into the arms of risk parity vendors. The debate: Is this a good thing?