Investment Risk and Its Many Facets

From aiCIO Magazine: Risk management as transportation metaphor: walk (minimal risk), take a car (moderate risk), or fly a plane (riskier)? And remember: wear a seatbelt.

Transition Management's Allocation Trends

 From aiCIO Magazine: For years, there's been a shift toward alternative assets, but much of the recent action in transition management is toward decreasing plans' reliance on U.S. equities—in particular, de-risking pension plans through liability-driven investing (LDI) strategies

Step Into Liquid

From aiCIO Magazine: The solution to the FX issue historically has been the standard three-month forward contract. Some funds execute this strategy internally; others outsource it.

Bond Investor Glamour Is Over, Report Says

New research in the Credit Suisse Global Investment Returns Yearbook 2010 by professors from London Business School has shown that over the long run, equities have outperformed inflation, bonds and cash in every market examined.

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."