Home bias in corporate engagement revealed
Investors should take care in selecting corporate engagement firms to ensure the engagement reflects their portfolio holdings, warn academics at Oxford and Maastricht Universities following a new study which reveals a home bias in such activity. As the investment portfolios of large institutional investors become increasingly global, it is particularly important that they carefully select engagement provider so it mirrors their…

Cost shifting and the freezing of corporate pension plans
This paper, which examines the impact of the trend in the US of corporate funds freezing their defined benefit funds and offering defined contribution plans, shows that net of the increase in total DC contributions, firms save 2.7-3.6 per cent of payroll per year, and over a 10-year horizon they save 3.1 per cent of total firm assets. However the authors…

The power of benchmarking: GRESB comes of age
Now in its fifth year GRESB, the benchmark that measures the sustainability performance of real estate portfolios, has been influential in changing the sector’s performance and environmental impact. Now Nils Kok, executive director of GRESB and associate professor in finance at Maastricht University, says that infrastructure and private equity assets are ripe for a benchmark as well. The real estate sector…

Better beta bets pay off for UTAM
The $6.6 billion University of Toronto Asset Management made some significant active tilts last year resulting in the return on the university’s main portfolio exceeding target return by about 10 per cent. Amanda White spoke to president and chief executive, Bill Moriarty.   Last year was a reasonably easy environment in which to make better beta bets, says University of Toronto Asset…

Are there enough credit opportunities to go around?
Investors are all talking about the same thing –that alpha will come from selective opportunities and implementation techniques within sectors, and the next year will be less about strategic or beta bets. Specifically credit opportunities remain front and centre of the collective investors’ radar. Managers, it turns out, are all also talking about the same thing – unconstrained fixed income –…

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Now in its fifth year GRESB, the benchmark that measures the sustainability performance of real estate portfolios, has been influential in [more]
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This paper, which examines the impact of the trend in the US of corporate funds freezing their defined benefit funds and [more]
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Investors are all talking about the same thing –that alpha will come from selective opportunities and implementation techniques within sectors, and the next year will be less about strategic or [more]
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Home bias in corporate engagement revealed

Investors should take care in selecting corporate engagement firms to ensure the engagement reflects their ... [more]

Cost shifting and the freezing of corporate pension plans

This paper, which examines the impact of the trend in the US of corporate funds ... [more]

The arithmetic of “all-in” investment expenses

In the January/February issue of the Financial Analysts Journal, Jack Bogle, founder and former chief ... [more]

The power of benchmarking: GRESB comes of age

Now in its fifth year GRESB, the benchmark that measures the sustainability performance of real ... [more]

How to estimate the equity risk premium

Given the importance of equity risk premium, it is surprising how haphazard the estimation of ... [more]

Better beta bets pay off for UTAM

The $6.6 billion University of Toronto Asset Management made some significant active tilts last year ... [more]

Are there enough credit opportunities to go around?

Investors are all talking about the same thing –that alpha will come from selective opportunities ... [more]

Integrating ESG in private equity

The PRI has launched a guide for ESG integration among general partners in private equity,  ... [more]

UPS pension fund’s opportunistic future

The United Parcel Service corporate pension fund is finalising an asset liability study this year ... [more]