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Tail risk insurance a long-term cost blow-out

Insuring against tail risk is too costly and a drag on long-term performance, with AQR Capital Management research revealing investors should instead make changes to their portfolio construction and risk management policies to better protect against unexpectedly large losses.
SAM RILEYNovember 23, 2011
Uncategorised posts

NYSTRS has stellar year

The $89.9 billion New York State Teachers Retirement System (NYSTRS) has achieved its best result for 25 years, returning 23.2 per cent for the year to June 30, 2011, with the strong performance driven mainly by its equity portfolio. NYSTRS, which claims to be one of the few fully-funded public pension funds in the country, […]
SAM RILEYNovember 23, 2011
Uncategorised posts

NY funding controversy spurs pension reforms

The arrest of a fundraiser for New York city comptroller John Liu and the ongoing federal investigation into his finances confirms the need for the governance reform planned for the city’s five public pension funds, Columbia Business School Professor Andrew Ang says.
SAM RILEYNovember 23, 2011
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