The Multi-Trillion Dollar Impact of Climate Change (and Why ESG Isn’t Enough)
Loading up on renewable energy stocks may not be enough to save your investments in the event of extreme global warming, according to new research.
Risk
How to Evaluate your Hedge Funds like Ontario Teachers'
A paper co-penned by one of the fund's in-house managers assesses hedge funds within individual institutional portfolios.
Beware Crowding in Momentum Funds, Says MSCI
As the popularity of factor investing grows, the risks of overcrowding in some areas are also increasing.
Pensions Should De-Risk with Hedge Funds, Consultants Say
High conviction hedge funds could reduce drawdowns but implementation is not easy, according to Cambridge Associates.
Putting Volatility in the De-Risking Driver’s Seat
A two-fold glide path—targeting both funded status and funding volatility—can improve outcomes over classic LDI, UBS argues.
The Politics of Pensions: When Deficits Buy Votes
An academic study has found a correlation between competitive political campaigns and poorly funded defined benefit pensions.
Risk Parity’s Annus Horribilis
A rare blip for the strategy that has outperformed for 10 years.
Rothesay Life Secures Biggest De-Risking Deal of 2015
The £1.6 billion buy-in of the aviation pension is the second biggest deal of its kind in the UK.
DB Plans Eye Annuity Buyouts Despite Pricing Fears
Total buyouts could reach $500 billion by 2016 if interested plan sponsors annuitize just half of their liabilities, according to Mercer.
How (Not) to Tackle a Negative Cash Flow
Relying on cash buckets or tactical selling won’t help pensions meet a rising level of payouts to pensioners, a report has warned.
Foreign Investment Limits Loosened for Icelandic Pensions
Investors will be able to look offshore for opportunities for the first time this decade.
Dutch Pensions Hit as Regulator Moves Discount Rate
Coverage ratios tumble in the Netherlands, a nation once lauded for its well-funded pension system.
What Are You Hedging?
Three asset owners talk to CIO about protecting their portfolios from the actions of central banks.
Why Pension De-Risking Could Threaten Financial Stability
The IMF has warned of the unknown consequences of pension-risk transfers and the linkages they spawn across financial system sectors.
AXA Dramatically De-Risks Internal Pension
Reinsurance Group of America has helped the French insurer and asset manager de-risk its UK pension.