Jeffrey Straayer, a Senior Investment Officer at the $6.5 billion Wyoming Retirement System (WRS), says that the scheme's embrace of MSCI's risk-weighted index reflects an overall skepticism of active management and a propensity toward passive.
Australia's superannuation funds have moved away from active management toward cheaper access asset classes such as equities amid limited diversification, according to a paper by Round Tower Solutions.
Last year was disappointing for active equity managers and as an overall climate of risk aversion persists, many of the early indicators of a risk recovery are emerging, Wellington concludes.
From aiCIO Magazine's April Issue: Julian Robertson’s Tiger Cubs started some of the aughts’ most impressive hedge funds. Are David Swensen’s Yale Pups, increasingly in control of other foundations and endowments, the current decade’s equivalent?
Low-volatility equity strategies are a realistic and common sense approach to target a reduction of risk while not necessarily sacrificing long-term returns, says Adrian Banner, Ph.D., Chief Investment Officer at INTECH Investment Management.
A huge majority of Japanese public pensions have no investment experience, driving home-country bias in the region, says Sadayuki Horie, senior researcher at the Nomura Research Institute.
Equal-weighted portfolio of stocks in the major US equity indices with monthly rebalancing outperforms value- and price-weighted portfolios, a new report claims.
The Profile: Jeremy Wolfson, Chief Investment Officer who currently manages the $8 billion dollar Los Angeles Water and Power Employees' Retirement Plan, speaks about how he has been able to grow the fund's alternatives allocation with the support of his consultant and the eventual approval of his board.
Acknowledging lower returns and higher costs, the board of the $235 billion California Public Employees' Retirement System has approved reducing its rate to 7.5% from its longstanding rate of 7.75%.
Pension funds still allowing further member accrual have been thrown the lifeline of ‘buyout’ in a new deal that could see further volume in the already burgeoning sector.
Derivatives and other hedging strategies are logical solutions for corporate pension funds in the United States as they face heightened volatility along with interest rate and market movements amid a constrained bond market, investment consultants say.
