McKinsey’s Guide to Building a Better Asset Owner
The consultant highlighted seven areas where the world’s largest pensions and sovereign wealth funds can improve.
Risk
The Risky Business of Liquidity
Investor risk perceptions can heavily influence international stock liquidity, a study has found.
LDI’s De-Risking Dominance
Most North American plan sponsors have already adopted liability-driven investing—but some are beginning to consider pension-risk transfers.
The Cost of Complete Divestment
Return impacts aside, the act of divestment in and of itself can cost funds billions.
Climate Change’s Systemic Risks
Addressing the uncertain and unpredictable effects of climate change is “the essence of risk management,” Wilshire Associates argues.
Legal & General Inks £3B Annuity Deal with Aegon
The UK insurer’s American investment arm meanwhile will dive into risk-premia strategies with a new multi-asset team.
The Hidden Cost of Longevity Swaps
Offloading longevity risk is not a one-way transaction, Redington has warned.
Pension-Risk Transfer Inevitable, Says Russell
Frozen plans will offload their remaining liabilities eventually—it’s just a question of finding the right time, according to Bob Collie.
300 Club: Six Steps to Better Governance
A behavioral and cultural shift is needed for pension funds to create meaningful change, the iconoclastic think tank argues.
Risk Management Lessons from English Football
From talent development to gender equality, what can one of the richest sporting competitions in the world teach other sectors about business culture?
Asset Owners Take Aim at Governance, Climate Risks
Railpen raises “significant concerns” about the Reckitt Benckiser board, as CalPERS brings climate risk reporting to Rio Tinto.
Tell Your Board to Get Real, Managers Warn
It’s hard. Do it anyway, say execs from Prudential, State Street, and Strategic Investment Group, plus Nouriel ‘Dr. Doom’ Roubini.
Half of Largest Investors Ignoring Climate Risks
An index of the world’s 500 largest asset owners shows that many are doing little or nothing to address climate change risks.
Low-Vol Investors: Beware of Rising Rates
Low-volatility investing is “just a bet on falling interest rates,” according to Greenline Partners.
The Accountability Principle
Current performance attribution models can be improved by holding individuals accountable, explains AlphaEngine’s Arun Muralidhar.