2011

Uncategorised posts

Managers refine glidepaths for a smoother ride

Managers are continuing to refine their strategies for target date funds, with more than a third of managers incorporating a tactical overlay into their asset allocation, a recent survey has revealed.

SAM RILEYJuly 13, 2011

Uncategorised posts

Nasty surprises on the rise for investors, says ESG expert

Corporate disasters such as the BP Gulf of Mexico oil spill and the Fukushima nuclear disaster will be more prevalent and pose a greater risk to investors unless they act to comprehensively change the way they invest, a sustainability expert has warned.

SAM RILEYJuly 13, 2011

Uncategorised posts

The road to $1 trillion: Alternatives come of age

Pension funds have invested nearly $1 trillion in alternative assets with the world’s largest managers, with total investments in the asset growing by 12 per cent last year, research has revealed.

SAM RILEYJuly 13, 2011

Research

CDS Auctions

This Paul Woolley Centre Working paper, analyses credit default swap settlement auctions, showing the current auction design many not result in the fair bond price, and suggests modifications to the auction design to minimise mispricing. In particular it finds that an auction undervalues bonds by 10 per cent on average, on the day of the […]

Amanda WhiteJuly 13, 2011

Uncategorised posts

Temasek’s gaze fixed on China

China is the largest investment destination for Temasek Holdings, with Bank of China and China Construction Bank two of its most significant holdings. Finding investment opportunities in Asia is also the key focus for the Singaporean investment company.

Amanda WhiteJuly 13, 2011

Uncategorised posts

Short-term focus needed to get long duration exposure

Despite recent volatility in equity markets, pension plans looking to transition to a liability-matched investment portfolio need to be proactive to mitigate the risk associated with the move, a US-based consultant has advised.

SAM RILEYJuly 13, 2011