This collaborative research examines the relationship between hedge fund managers’ fee structures and the amount of risk taken and among other things finds a “high-powered incentive fee” encourages excessive risk-taking, while management fees have the opposite effect.
Research
The economics of hedge funds
Research
Israel joins European standouts with highest rating in Mercer pension index
For the third consecutive year the retirement income systems of The Netherlands, Iceland and Denmark were given the highest rating in the Mercer CFA Institute Global Pension index, with Israel also joining the top rank this year.
Darcy SongOctober 25, 2023
Uncategorised posts
OECD flags enduring obstacles to illiquid investment
A recent OECD report argues that pension funds have a vital role to play in helping finance the COVID recovery in areas like infrastructure and SME investment. Yet it also warns of pension funds’ limitations when it comes to investing in illiquid assets, and the risks.
Sarah RundellJanuary 5, 2023
Research
Global SWF: GIC leads; oil fuels Gulf funds and hedge funds give refuge
Singapore’s GIC invested more than any other SWF last year and fuelled by buoyant oil revenues, Gulf SWFs have had and are expected to continue their investment rampage. Elsewhere, hedge funds have proved one of the most successful allocations, particularly for ADIA, says Global SWF in its annual report.
Sarah RundellJanuary 3, 2023
Research
Don’t shy away from emerging markets in volatile times
Good quality, holistic research is more important than ever when assessing emerging markets investments with a sustainability lens, argues a portfolio manager at Newton Investment Management.
Ben HurleyDecember 6, 2022
Research
ADIA sets up ADIA Labs in another boost to tech capabilities
ADIA is setting up ADIA Labs in another boost to its tech capabilities. Focussing on data science, AI, machine learning and quantum computing, the research unit will help inform global trends set to drive returns in the future like the transition, blockchain, financial inclusion or space.
Sarah RundellOctober 20, 2022
Sustainability Harvard - September 2022
Kotkin: China bears may have been right about Western resilience
ESG-focussed investors are having a hard time justifying their China exposure to boards. They will need to develop new narratives if they want to stay in the China game, argues historian Stephen Kotkin.
Ben HurleySeptember 30, 2022
Uncategorised posts
Crypto not suitable for fiduciaries, but opportunities in underlying tech
Cryptocurrencies do not live up to the investment hype and offer nothing but enormous volatility to institutional portfolios, according to PGIM’s mega-trend research team.
Ben HurleySeptember 7, 2022
