Tag Archives: Asset Allocation
New Mexico boosts opportunistic credit allocation
While active management has been the biggest contributor to the outperformance of the New Mexico Educational Retirement Board in the past year, the fund has a firm focus on the value of asset allocation. With this in mind it recently changed its long-term policy allocation, dramatically increasing the allocation to credit opportunities from 5 per cent to 20 per cent.
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US endowments interested in outsourcing to multi-managers
A significant proportion of US endowments and other non-profit funds are at least “moderately interested” in outsourcing their investment management to a multi-manager model in the wake of the global financial crisis, according to a new survey by SEI Investments Company.
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Architect of Future Fund investment strategy resigns
A chief architect of the A$68 billion ($60 billion) Australian Future Fund‘s investment strategy will leave in two weeks to form a new business offering asset allocation and macroeconomic strategy advice to large fiduciary investors globally. Tony Day, who joined the Future Fund in its early days of 2007, said that at 44 years of age and a career entirely in the public service, it was time to “chance his arm” in the free markets in which he so passionately believed. He said he hopes he will continue to generate [...]
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APG’s Asian strategy
As part of an increasing focus on emerging markets, APG Asset Management, has an increasing interest in emerging markets. As part of that strategy an office in Hong Kong employs 28 staff to cover the Asian region. Amanda White spoke to the president of APG Asset Management Asia, Fer Amkreutz, about the perils and profits of a life in Asia. The Hong Kong office of APG Asset Management, one of only two offices outside of The Netherlands, is part of a wider strategy to manage the move away from developed [...]
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Study accounts for TIPS, alternatives
The effects of adding TIPS and alternatives to the existing asset mix are being explored in an asset liability analysis conducted for the $53 billion Oregon Public Employees Retirement System by Strategic Investment Solutions. A presentation from SIS, which looked at five new asset allocation scenarios adding a 5 per cent alternatives allocation, and between a 0.1 per cent and 11.4 per cent allocation to TIPS, showed all except the most conservative mix achieved the actuarial return without accounting for alpha. Further, reducing the total equities allocation by nearly 10 [...]
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CalPERS’ search for a new asset allocation strategy
The year 2010 will go down in history as one of reformation for the $205 billion CalPERS. In this, consultant and enterprise risk management reviews seem small in comparison to the overhaul of the fund’s asset allocation. Amanda White spoke with chief investment officer Joe Dear about the pension giant’s year-long asset allocation study.
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North Carolina in need of ALM study, staff
The North Carolina Retirement System is in need of a formal asset liability study and is fundamentally understaffed, according to an independent review by Ennis Knupp commissioned by the State Treasurer.
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Found: the “missing link” in the equity risk premium puzzle
As pension funds look at new ways to assess their asset allocation, including the adoption of a risk-premia approach, Simon Mumme delves into the latest thinking on whether markets reward investors for the big swings and roundabouts.
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Beta management comes out of the shadows
There are new and improved ways of enhancing the beta in portfolios. Greg Bright looks at some of the enhancements, or tilts, which have been researched by State Street Global Advisors.
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The new AA: funds hedging for “tail whippings”
The shock of asset class correlations going to one during the global crisis has prompted new ways to look at asset allocation among institutional investors and managers, which have started to drill down into the risk factors driving markets.
For me, it makes perfect sense to have a asia footprint given Asia will be the biggest bank in just 15 years time.