2011

Uncategorised posts

De-risking is de rigueur, survey finds

Investors are looking to continue to scale-back their exposure to US equities, increase their allocation to fixed-interest assets and strongly focus on the liability side of their balance sheets, a recent survey of funds in the US and Europe found.

SAM RILEYJune 8, 2011

Uncategorised posts

Bernanke throws the dice as funds look on bemused

Chairman of the Federal Reserve, Ben Bernanke’s speech at the International Monetary Conference this week reveals the delicate balance between the (stagnant) state of the US economy and the enormous growth of the emerging market economies.

Amanda WhiteJune 8, 2011

Uncategorised posts

Avoiding misinterpretation in calculating performance-based fees

Performance-based fee compensation relies on performance fee models that require that specific parameters be clearly stipulated in the investment management agreeement. This case study is one example of the misinterpretation that can occur when the fee model’s parameters are not specifically defined.

June 8, 2011

Uncategorised posts

Commodities demand a fundamentally active approach

Investing in commodities via passive strategies presents some unique challenges due in part to the structure of futures contracts. GE Asset Management which has been managing commodities for the GE pension fund for five years, and opened that expertise to external clients last year, believes a better approach is active management using fundamentals.

Amanda WhiteJune 8, 2011

Research

Dynamic hedging in incomplete markets: a simple solution

Despite much work on hedging in incomplete markets, the literature still lacks tractable dynamic hedges in plausible environments, in this article, Professor Suleyman Basak and Dr Georgy Chabakauri provide a simple solution to this problem.

June 8, 2011

Uncategorised posts

CalPERS’ alternatives SIO has responsibilities reinstated

The newly appointed senior investment officer of the alternative investments management program at CalPERS, Real Desrochers, will have authority and management delegation reinstated after it was withdrawn when the former SIO resigned amid a fraud lawsuit.

Amanda WhiteJune 8, 2011