How active management saved the UN
The $32 billion United Nations Joint Staff Pension Fund has outperformed due to a commitment to active management, a willingness to invest away from the trending market, and a realistic target return.
Dutch pension funds face tech reckoning, warns central bank
The Netherlands' Central Bank has warned the country's pension funds that their €150 billion ($177 billion) investments in tech companies, representing almost 43 per cent of their listed equities portfolios and 8 per cent of their total balance sheet, is at risk from a potential AI bubble.
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Found: the “missing link” in the equity risk premium puzzle
As pension funds look at new ways to assess their asset allocation, including the adoption of a risk-premia approach, Simon Mumme delves into the latest thinking on whether markets reward investors for the big swings and roundabouts.
Performance persistence: reverting back to normal
The latest performance persistence study by RogersCasey’s managing director, head of global portfolio solutions, Soonyong Park, which incorporates data from the volatile 2008 period, confirms the lack of persistence of returns in the equity asset management universes, and further, that it is more pronounced when long-term results are evaluated.
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.
…. as green investments/sustainability become a focal point
The Yale endowment has a substantial and growing exposure to green investments with allocations in timberland, emerging markets and venture capital including more than $100 million in cleantech.
Magic of maths: harnessing the excess growth from portfolio volatility
In the aftermath of the global financial crisis, some investors are questioning the true diversification in their global equity portfolios and the appropriateness of standard benchmarks. GREG BRIGHT spoke with Adrian Banner, co-chief investment officer at INTECH Investment Management, about these and other issues.
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