Without question my favourite car is a 1960 Mercedes Benz 190SL. Recently I was thinking that maybe my expectations from such a car are similar to the way institutional investors think about hedge funds. It’s certainly uncorrelated to my other car. (more…)
Funds in the Australian pension industry will face enforced consolidation if they do not do a better job at managing the compulsory contributions of millions of workers, the Federal Government’s chief superannuation advisor has warned. (more…)
Teacher Retirement System of Texas (TRS) will look to investments in hedge funds to maintain its position as one of the best performing public pension funds in the United States, its chief investment officer Britt Harris told trustees at its recent board meeting. (more…)
For the past year, emerging markets growth and developed market dislocation have been major investment themes for GE Asset Management, and by extension the GE Pension Trust. This theme continues to dominate the manager’s thinking, across strategies and implementation techniques, which in order to capture specific opportunities is also being extended to dynamic and tactical asset allocation. (more…)
State Street Global Market’s belief in inflation as the crucial economic indicator has been reflected in its research arm, State Street Associates, taking on a new partner, PriceStats, which produces daily price statistics, the first of its kind in the world. Amanda White spoke to the global head of research Jeremy Armitage. (more…)
Assuming future state contributions fund the full present value of new benefits, many US state systems will run out of money in 10-20 years. This paper argues the expected shortfalls raise the possibility that the federal government will be faced with a decision whether to bail out states driven to insolvency by their pension programs. (more…)