The Strange Times of Negative Yields
As asset returns dip into the negatives, it may be wise to take less risk rather than more.
Risk
The Problem with Active Share
Two academics have hit back after their popular measurement for active management was questioned by AQR.
PIMCO: A Two-Style Approach to Outperformance
Combining carry and trend strategies could lead to high risk-adjusted returns in both falling and rising interest rate environments.
Multinational Pensions Push to Centralize Governance
Streamlining resources—and committing more to DC—will be the future for multinational pensions, a survey has found.
Rising Costs to Hit De-Risking Plans in 2015
Any plans for a pension buy-in or buy-out are more likely to be delayed as liabilities rose again last year.
CalSTRS Urged to Up Pressure on PE Manager’s Firearms Stake
Two years after the $190.8 billion pension promised to divest from gun manufacturers, it still has one troublesome holding.
Deficit Denial: Companies ‘Increase R&D Instead of Pension Payments’
Research suggests companies running large pension deficits are avoiding making bigger contributions.
NISA Aims for DC Retirement Income Market with Major Hire
The firm so well known for LDI has brought onboard a leader in lifetime income products for DC plans.
The Facade of Hedge Fund Transparency
Investors are not as satisfied with the level of transparency they receive as managers believe, according to Northern Trust.
The Tension: Complex Investments; Basic Data
Investments are getting more complicated and have begun leaving investors' infrastructures behind, according to State Street.
USS Creates Financial Risk Monitor Role
Guy Coughlan has joined the universities’ pension provider in a newly-created position.
QE Won’t Stop Deflationary Pressures, Say Bond Investors
The ECB’s €1.1 trillion bond-buying project began yesterday, but investors are sceptical of its long-term impact.
Eurozone Policy Leads to Rare German Pension Closure
Ultra-low interest rates have led one company to shut its final salary pension in an ominous sign of the effects of central bank policy.
Sun Life Seals Canada’s Biggest De-Risking Deal
The US$4 billion longevity swap for telecoms company Bell’s pension is “ground-breaking,” says the insurer.
Liabilities Soar for the $20 Billion Club
New
mortality tables added nearly $30 billion in liabilities to the US’ largest
corporate pension plans in 2014, according to Russell Investments.