Illiquidity Risk Is Poorly Captured by Traditional Models, Research Paper Says
A new research paper explores areas of concern surrounding the effective use of illiquid assets in portfolio management.
Risk
PBGC: American Airlines Has Failed to Prove Reasons for Pension Termination
As American Airlines announces plans to drop its defined benefit pension plans, the Pension Benefit Guaranty Corporation (PBGC) warns of the implications.
Record Contingent Asset Use by UK Pension Funds
Pension funds in the UK are using record levels of contingent assets to plug shortfalls inflicted by the economic crisis.
PBGC: American Airlines Is Misleading Employees Over Pension
"American Airlines is telling their workers and retirees not to worry, but they should," the Pension Benefit Guaranty Corp. said in a recent statement on how the bankruptcy of American Airlines will impact its pension.
Identify, Assess, and Eliminate Pension Risk, Mercer Tells Boardrooms
Risk identification and risk management are the keys to resolving pension issues in the boardroom, investment consultant Mercer has found.
UK Pensions Hit Record Deficit, No Let-Up in Sight
The shortfall in deficit-stricken UK pension schemes hits record levels, and worse could be still to come as the European economic situation stagnates.
Consultant Corner: In Asset Management, Does Size Matter?
From aiCIO Magazine's Winter 2011 Issue: Is the focus—and sometimes obsession—on assets under management when judging and predicting performance often erroneous thinking, reflective of a lack of logic? Many consultants think so.
Poll: Amid Challenges, Private Equity Investors Are Cautious
Private equity investors foresee major challenges for the industry over the next few years and are cautious about investing too heavily in the asset class, according to Coller Capital's latest Global Private Equity Barometer.
Russell: LDI Strategies Becoming the Norm
As Russell Investments continues to see strong interest from its US institutional client base in liability-driven investing (LDI), Martin Jaugietis has been named to the newly created role of director and head of LDI solutions.
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.
KPMG: Fiduciary Management Gains Steam
However, total pension assets outsourced in the United Kingdom are still a relatively paltry 4%, the study shows.
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.
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.
Utter Confusion
From aiCIO Magazine's 2011 Liability-Driven Investing Issue: The first step is understanding the scope of the problem--and the potential solutions.
Troubles in Transition
From aiCIO Magazine's 2011 Liability-Driven Investing Issue: Does the structure of the business benefit transition management providers at the expense of users?