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Rebalancing revisited: putting risk back on the table

By adopting a contrarian approach to rebalancing which takes account of both assets and liabilities, pension funds could enhance long-term returns and reduce the volatility within their portfolios, new research reveals. Rebalancing Revisited, a paper by Syd Bone, former chief executive of VFMC, and Andrew Goddard, an ex-Russell investment veteran, advocates super funds rebalance to […]
STAFF WRITERApril 22, 2009
Research

The hedge fund of tomorrow: building an enduring firm

The hedge fund industry faces a transformational crisis, precipitated by external market events and worsened by the industry’s mixed record at meeting investors’ risk and liquidity expectations as well as weaknesses in the hedge fund business model. Here, a full copy of the Casey Quirk/ BNY Mellon Hedge Fund of Tomorrow report, faces and embraces […]
STAFF WRITERApril 22, 2009
Investor Profile

NZ Super seeks opportunities amongst the wreckage

While it may not have liabilities to pay out just yet, the NZ$11.2 billion (US$6.26 billion) New Zealand Superannuation Fund is not immune to the liquidity pressures facing institutional investors across the globe. Kristen Paech talks to chief executive Adrian Orr about the challenges facing the fund, and the potential investment opportunities.
STAFF WRITERApril 22, 2009
Research

The undesirable effects of banning short sales

In his latest paper, professor of finance at EDHEC risk and asset management research centre based in France, Abraham Lioui, conducts an in-depth study of the recent decision to ban short selling, highlighting the quesionable reasons for the ban and the prejudices that weigh on those that short.
STAFF WRITERApril 17, 2009
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