Become a member and subscribe Login

Found: the “missing link” in the equity risk premium puzzle

SIMON MUMME

June 09, 2010

As pension funds look at new ways to assess their
Continue Reading

A Top1000funds.com subscription unlocks the full article

Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants.

New here

Create an account

Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced features coming soon).
Register now
Already a member

Sign in

Already activated your account? Sign in to continue reading and access your saved articles, preferences and member-only content.
Asset owners get permanent complimentary access. Learn more about memberships

Leave a Comment

More from this fund

Thank you for your support

Amanda White

August 19, 2026

An announcement from the editor

Amanda White

August 19, 2026

LPPI: Keeping AI risk in check

Sarah Rundell

August 18, 2026

Why ACC investment chief believes CIOs should stay hands-on with portfolios

Darcy Song

August 18, 2026

Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

Darcy Song

August 13, 2026

Texas ERS reallocates to managers to help navigate concentrated equity market

Sarah Rundell

August 10, 2026

COAERS finds rich pickings in PE secondaries; warns of retail risk

Sarah Rundell

July 27, 2026

Why sustainability pays for US timberland manager RMS

Sarah Rundell

July 22, 2026

Why UniSuper CIO thinks the data centre party is over

Lachlan Maddock

July 14, 2026

Sort content by

Threats to equity bond correlation

A full-blown trade war, and changes in monetary policy triggered by a loss of credibility in the Federal Reserve and other global policy institutions, could result in a return of the positive correlation between bonds and stocks, and investors need to be aware of the risk, warned Luis Viceira, George E. Bates Professor in the Finance Unit and Senior Associate Dean for Executive Education at Harvard Business School, at the Fiduciary Investors’ Symposium at Harvard University.

Sarah Rundell

October 14, 2019

Wisconsin’s data solution

David Villa, CIO of the $110 billion State of Wisconsin Investment Board is worried about the outlook for returns. As a result he’s significantly underweight sovereign bonds in favour of cash. But he’s also positioning the organisation to do better analytics for more complicated portfolios, another result of a low return environment. The fund is working on at least five data and technology projects and has hired a chief technology and operations officer.

Amanda White

October 05, 2019

Strategic factor investing

Institutional investors should consider factor investing as a strategic decision, according to a new paper from Dirk Broeders at Maastricht University and Kristy Jansen from Tilburg University.

Amanda White

October 04, 2019

Swiss plump for alternatives

The Swiss pension sector has always been characterised by a balanced investment mix but an important trend is emerging - funds are increasing their allocations to alternatives.

Heinz Rothacher

October 01, 2019

CalPERS benefits from income allocation

CalPERS traded $55 billion in fixed income securites last financial year as it implemented its new internal structure apportioning fixed income assets across three groups: treasuries, spread and high yield. The asset class returned 9.6 per cent for the year.

Amanda White

September 30, 2019

Texas’ ERS eyes hedge fund start-ups

The Employees Retirement System of Texas is looking to allocate more capital to start-up hedge funds and take ownership stakes after backing Cinctive Capital Management in New York.

Sarah Jones

September 26, 2019

Previous
Load more

Fiduciary Investors Podcast Series

Listen to Podcast

Subscribe now to

Become a member and subscribe

Join Now

Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.

The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.

Top1000funds.com is read by investment professionals in more than 40 countries.

Privacy Policy | Terms of Service | Cookie Policy | AI Editorial Policy