Asset Allocation
BofA’s Answer to a Bear Market: Outdex, Don’t Index
The shortcomings of the S&P 500 make this method preferable, says the bank.
Tag: Alpha
Risk
5 Ways to Supercharge a Portfolio Against a Blah Tomorrow, per CAIA
The group assembles an allocation strategy designed to overcome the meager results expected ahead.
Risk
There’s a Better Way to Harness Risk Parity Strategies, Says NISA
Leverage can distort managers’ results, making them look better than they are, its study charges.
Asset Management Culture
How Asset Owners Can Integrate ESG into Fixed Income
Greater data in the asset class will go a long way, says a Willis Towers Watson report.
Market Moves
Surging Stocks Improve Pension Funding Levels, But De-Risking Isn’t at Risk
A hot equities market, plus some accounting help from interest rates, aided the plans.
Alternatives
Credit Investments to Watch: Private Credit, Securitized Credit, and Alpha-Oriented Mandates
Asset owners should dig their heels into renewables financing, bank capital relief trades, and other less ‘vanilla’ strategies, says Willis Towers Watson.
Asset Management Culture
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.
Alternatives
Alts Grow Bigger and Bigger in Institutional Portfolios
Some 86% now invest in alternatives, says Nuveen survey.
Op-Ed: Using the Risk-Free Rate as a Basis to Examine Hedge Fund Costs
Longtime investor Tony Waskiewicz explores why hedge fund investors have experienced much lower absolute returns since the Great Recession.
Op-Ed: Using the Risk-Free Rate as a Basis to Optimize Investment Costs (Part 2)
Longtime investor Tony Waskiewicz explores: How much are you willing to give up for the pursuit of alpha?
Pensions
Worldwide Pension Fund Assets to Rise to $61 Trillion by 2025
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.
Asset Allocation
CalPERS Falling Short of Private Equity Goals
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.