This month Australia celebrated 20 years of its compulsory superannuation guarantee system. Observing the past two decades, “entrepreneurial academic” Jack Gray has some advice for those rebooting their system, and it’s not defined contribution.
Cliff Asness must be a very stressed man. Not only has he been “mad as hell” for nearly three years (or is it mad again?) but also the reprise in responses by regulators around the globe to market crises, namely banning short selling, means he doesn’t have to write any original words in response. (more…)
The Teacher Retirement System of Texas has reviewed the benchmarks it used to calculate investment staff compensation after concerns were raised over the level of bonuses it paid to senior staff earlier in the year. (more…)
NZ Super has diverged from allocating assets according to a long-term strategic distribution and now actively allocates assets away from a reference portfolio. Head of portfolio design, David Iverson, discusses why this approach is superior for the fund’s purposes. (more…)
Pension funds used to be considered long-term investors, but the reactionary behaviour of a recent prudence* of pension funds globally has changed my view of their time-horizons and subsequent role in capital markets.
*Prudence is the newly-crowned collective noun for pension funds as per the competition in our newsroom. Have your say in our poll.