The $20B Club: Paying In, Even When They Don’t Have To
The 19 corporate pensions Russell tracks with liabilities surpassing $20 billion took pro-active steps to reign in deficits last year.
Risk
ATP Decries Financial Transaction Tax
Hot on the heels of a report warning the Financial Transaction Tax would lead pension schemes to increase their use of derivatives, ATP’s co-CIO Anders Hjaelmse Svennesen confirms he is already considering using more derivatives to keep the fund's tax bill down.
Investors Brace for Volatility Spike with VIX-Fund Spree
Markets are quiet for now – but is this the calm before the storm?
Towers Watson: Smart Beta and the Long-Term Investor
Smart beta can offer an edge for long-term investors over equities via three primary premiums, the firm claims.
Risk-Factor Modeling Your Private Equity Portfolio
Three researchers use risk factors to optimize private equity portfolios, and then wonder, “Why hasn’t this been done before?”
Pension De-Risking: Beyond the Buyout Binary
LDI and annuitization don't tell the whole story on de-risking, and NISA research says it’s worth taking a look at the broader spectrum.
Smart Beta 2.0 – Or How to See Through Biased Marketing
Thought it was only active managers who resorted to spin? Think again.
Target-Date Funds Failed Investors in 2008, Says Study
The majority of target-date funds are still too aggressive in the decade leading up to members’ retirement, according to research into fund performance.
Tail Hedging Leaves DC Plans Poor, Not Protected, Study Finds
Even DC investors approaching retirement in 2008 would have been better to ride out that market than blunt decades of returns by paying to hedge tail risk, according to researchers.
Pension Funds Prefer (to Tackle) Assets
Facing up to obligations is tricky, which may be why pension funds focus on their investment portfolio most of the time.
Record Longevity Deal for Multi-Billion Pension
The largest ever deal is struck to insure against the improving longevity of pensioners in the UK.
Five Questions to Ask of Your Absolute Return Fund
A guide from Morningstar to help you pick the right fund for your portfolio.
NYC Pension Divests From Gun Industry
The New York City Teachers’ Retirement System is the latest pension fund in the United States to divest since the Newtown, Connecticut tragedy.
Mortality Modelling – You’re Doing It Wrong
Longevity has become a real headache for investors with liabilities to consider, but they may be working from the wrong numbers, new research suggests.
US Public Funds are ‘Biggest Risk-Takers’, Global Pension Study Finds
Researchers have condemned lax regulation for allowing US public pension funds to “camouflage” the real cost of benefits and take on potentially “reckless” risk.