GSAM: Opportunities Rise as Market Efficiency Drops

A whitepaper argues that changes in brokers and central banks’ behaviors have reduced fixed-income market efficiency, creating opportunities for alpha returns from relative value strategies.

Inflation Assumptions Under the Spotlight

Getting estimates of inflation wrong can have disastrous effects on your deficit levels, but which pension funds were most off target in the last decade?

A Four-Point Plan for Smart Re-Risking

Artificially depressed rates are hurting liabilities, but the challenge is forcing investors to reassess their views on how to use risk.