Risk management’s next level

We believe the standard tools of economics, and th
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Allocation changes are optional

Allocation changes are optional

The $12.5 billion School Employees Retirement System of Ohio decided realigning its portfolio was a better path to its goals than new asset allocation, CIO Farouki Majeed writes.

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Nationwide ignores disruptions, succeeds

The Nationwide Pension Fund restructured its C&D section with a strategy that slowly cut risk over time and ignored the many recent disruptions to global markets. The results were impressive.

Looking for illiquidity

National Employment Savings Trust CIO Mark Fawcett says the fund is leveraging its growth to pursue illiquid assets for premium returns, greater diversification and reduced volatility.

The trust effect

Successful investment management comes from a culture that supports and nurtures talent. This requires functional governance built on trust between the board and the investment team.

Relatively simple

Family dynamics are complex enough. Without simple, straightforward discussions and clarity of mission that resist the allure of complexity, the family office will struggle to achieve its goals.

Active? Only when necessary

High management margins and low returns will continue to push owners towards passive investments. But active managers can add value in asset classes that require special expertise or access.

Playing a game to learn what works

Chief investment officer of the Public Employees Retirement Association of New Mexico, Jon Grabel, discusses the camaraderie and insights his team gains from a virtual portfolio competition.