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Research

Spillover effects of counter-cyclical market regulation

Professor of finance at the EDHEC Business School and member of the EDHEC Risk Institute, Abraham Lioui, looks at the spillover effect that counter-cyclical regulation affecting one part of the market, banning short-selling, has on the broad market. By examining the effect of the ban on short-selling in 2008 on market indices in the US […]
Uncategorised posts

Corporate US plans expect too much

US corporate defined-benefit plans are still severely underfunded, with an artificially high return expectation contributing to the situation, according to a report of the funding status of 308 US corporate defined benefit plans by Wilshire Consulting.
Investor Profile

New Jersey leads flight from equities

The New Jersey Division of Investment, which manages the $67.3 billion in state pension funds and was the best-performing US fund last year, has made some dramatic changes to its asset allocation in line with its objective of relying less on public equities for returns.
Research

Study links executives’ pay and behaviour

This research, commissioned by APG (the investment division of ABP, the €208 billion Dutch pension fund), examines the published literature on the link between remuneration and executive behaivour. It was conducted by the London Business School.
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