How a Pension Fund Will Fare in a Low-Carbon Economy
Reducing emissions won’t be easy on equity-heavy investors like CalSTRS—but it’s still better than the alternative, Mercer reports.
Risk
How Short-Term Activists Hurt Long-Term Investors
Research shows short-term investors pressure firms to create artificial earnings at the cost of long-term gains.
Playing Risk Management Whack-a-Mole
Eliminating one risk can often mean exacerbating another, argues Wilshire chief Andrew Junkin.
Corporate Pensions Seek Protection Against PBGC Hikes
Increasingly costly insurance premiums are forcing plan sponsors to find ways to get funded, fast.
$20 Billion Club: Funding Up Despite Poor Returns
Deficits fell for the 20 largest corporate pensions in the US in 2015 despite a year of “anemic” returns.
How Sharpe Ratios Can Fail
Risk measures used for Sharpe ratios are not consistent with investors’ long-term time horizon, Aon Hewitt says.
The Death of LDI?
In some locales, the theory of liability-matching is coming up against the reality of markets.
Pensions to Revamp Governance, Ramp Up Alts
Governance, efficiency, funding levels, and talent development were among areas highlighted for improvement by a survey of pension funds.
PwC: Returns Not Enough for Success In Asset Management
Long-term performance, corporate responsibility, and adaptation to technology are just as important for asset managers that want to stay competitive.
Volatility Is at ‘Normal’ Levels, Says CalSTRS
The $186 billion public pension’s risk team has analyzed recent market turbulence and some seldom-discussed tail risks.
Asness Debunks Fama’s Views on Momentum
The debate over whether investors can capture returns from momentum strategies “should be put to bed,” according to the founder of AQR.
The Idiot’s Guide to Portfolio Insurance
Is hedging your equities portfolio against market risks worth it? Experts say it rarely pays off.
Sun Life Seals Dual Fund Buy-In
Canada’s largest ever bulk annuity transaction involves not one, but two separate pension funds.
How Pensions Will Tackle the Next Crisis
Detailed analysis by European regulators indicates investor intentions don’t always translate to action.
'Serious Issues' in NYC Pension Investment Operations
The city’s investment office said it will “re-engineer” every process of operation to bring the pension system into the 21st century.