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Investor Profile

APG opts for status quo in allocations

Conservatism will reign in the Netherlands in 2011, as a well-diversified, relatively liquid portfolio drives the asset allocation of APG Asset Management. But while caution rules, head of strategy, Ronald Wuijster is also well-aware of the need for an open mind around the measurement of risk.
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Mercer buyout of Hammond augurs boutiques’ demise

Mercer’s acquisition of US-based Hammond Associates marks the continued trend of a new consulting environment that raises the question of whether boutique firms can survive. Amanda White spoke to Mercer’s US investment consulting leader, Jeff Schutes, about why clients’ demand for deeper resources and knowledge is driving the consolidation, and why large firms are rejecting […]
Research

Stock exchange merger and liquidity

This paper by Columbia University’s Ulf Nielsson, empricially investigates the effects of stock exchange consolidation, specifically measuring how it affects stock liquidity and how the effect varies with firm type.
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Russell Axioma launches factor-based indexes

Institutional investors’ increasing use of factor-based models to understand their portfolio risk exposures is the conduit for Russell Investments’ collaboration with Axioma to launch a series of factor-based indexes to rival MSCI/Barra, according to Rolf Agather, managing director of research and innovation at Russell.
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