Nobel Prize winner, Robert Merton, has thrown down the gauntlet. He claims that by focusing on a retirement income goal he can beat any competitor that is managing a 70:30 portfolio that has wealth accumulation as the goal. Do you dare take him on? The defined contribution pension management industry has it wrong, according to … Read more
The city of New York spent $472.5 million on asset manager fees in 2012/13. The allocation of these funds is part of the $68 billion annual budget the City Comptroller has to run the city of New York. The bureau of asset management that oversees the $137.4 billion in pensions fits within that budget, but … Read more
The $91 billion Australian Future Fund’s approach to investing is to get even more sophisticated as it borrows ideas and techniques from other investors, including the risk management and portfolio construction techniques of multi-strategy hedge funds. David Rowley speaks to CIO David Neal. Many will quickly tell you there is greater return to be made … Read more
Wall Street’s leaders are largely unrepentant for the immense harm their institutions inflicted on the U.S. economy during the financial crisis, and their outlook nd behavior have not changed in any significant way since the crisis, according to a George Washington University Law School paper. However the lengthy and detailed paper argues there is hope. … Read more
An investment banking background brings a different perspective to the role of pension fund chief investment officer, and for the London Pension Fund Authority that means more focus on risk management, quantitative tools and processes, and implementation cost savings. Amanda White speaks with CIO Alex Gracian. Alex Gracian has only been the chief investment … Read more
As pension funds act more like asset managers, with internal investment responsibilities, they should focus on the competitive advantages to be gained from data and analytics. The healthcare industry has seen a 20 per cent decrease in patient mortality by analysing streaming patient data. The Telco industry has seen a 92 per cent increase … Read more
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