Dunatov: Volatility Measure ‘Dangerous’ for Long-Term Investors
The CIO of Coal Pension Trustees has argued that volatility is far too short-term a measure for pension fund investors.
Risk
Oil Giant in ‘Innovative’ £1.6B Pension Buy-In Deal
Total has insured more than half of the liabilities of its UK pension scheme with Pension Insurance Corporation.
Longevity Risk ‘Hugely Underestimated’, Says Bank of America
Bank of America Merrill Lynch has highlighted statistics that throw the global ageing problem into stark relief.
What DC Plans Can Learn from DB
Defined contribution schemes tend to fail on two of three key criteria, a research paper argues, but can look to DB as a role model.
Mercer Sees ‘Parcelling Up’ of Liabilities as Future Derisking Trend
Pensions across North America and Europe are getting more ambitious in their derisking plans, according to the consultancy firm.
LDI, the Second Best Derisking Strategy?
Absolute
return strategies could help corporate pension plans better protect its high
funding ratios in today’s rising rates environment, KKR has found.
New Jersey Faces Further Downgrade over Pensions
A credit rating agency has warned the governor’s actions on pension reform could hit its assessment of the Garden State—again.
Are Corporate Plans Really Close to Being Fully Funded?
Incorporating
future service costs and benefits for future participants into a plan’s
liability metric can significantly bring down the funding ratio.
Is it Time to Drop the ‘ES’ from ESG?
Research from Hermes suggests “governance” is the factor
that creates positive returns.
Infrastructure Deals Fuelled by Record Leverage in 2013
Infrastructure buyers borrowed $256 billion to finance deals last year, although total value of deals remained flat year-on-year.
Mercer's Argument for Lump Sum De-Risking
The imminent of arrival of new mortality tables and popularity of the tactic with participants means it's not a bad time to payout, the firm says.
CalPERS Presses Bank of America to Fire PwC
Accounting errors under PricewaterhouseCoopers’ watch led the pension to vote against its contract renewal.
GSAM on Insurance: Low Yields, Increased Risks
A survey of insurance CIOs revealed a growing
interest in private equity as an answer to a low-yield environment.
Beyond Rational: Investor Sentiment and Risk Perceptions
Investors judge risk and returns on sentiment and behavioral patterns, not just the rationality of prices, research has found.
An SWF Deputy's Guide to the (Risk) Galaxy
A review of new book by David Iverson, head of asset allocation for New Zealand Super, on belief clarity, signs of bad governance, and uniting asset classes with risk factors.