UK’s PPF ready for change
The $33 billion PPF has an investment plan that sees it reducing the reliance on inflation and interest rate swaps, and better proof the portfolio from the looming cost of derivative strategies.
Asset owners’ next battle
Asset owners are winning the argument to lower private equity manager fees; their next battle will be about the valuation of private assets.
CALPERS’ chief navigates ‘perfect storm’
Outgoing CaIPERS’ CEO, Anne Stausboll, talks to Amanda White in an exclusive interview, about her passionate views on sustainability, simplifying the portfolio, and where improvements are needed.
PSERS CIO drives diversification
James Grossman, chief investment officer of the Pennsylvania Public School Employees Retirement System, talks about driving diversification and the opportunities in corporate debt.
Low-volatility evidence dating back to 1873
As new historical databases are opening up, there are great opportunities for out-of-sample tests of market anomalies. Research shows that the volatility effect also existed in the 19th century. Read more »
Not all fees are created equal
Could investment management fees be different? Nick Sykes at Mercer, suggests that an alternative fee structure that focuses on “idiosyncratic alpha” could benefit asset owners and managers.
