This Netspar research by Hoevenaars, Molenaar, Schotman and Steenkamp studies the effect of parameter uncertainty on the long-run risk of three alternative asset classes: equity, nominal bonds and short-term T-bills. (more…)
A constant whispering in the hallway of pension plans is how to prepare for the inevitable move from a defined benefit to defined-contribution structure. But fiduciaries shouldn’t be scared, the game’s the same, at least psychologically. (more…)
Dutch Pension fund administrator APG will open up innovative investment ideas to other institutional investors, with the IMQubator hedge fund seeding platform it has backed launching a second fund to channel money to emerging managers. (more…)
Chair of the A$75billion ($79bn) Australian Future Fund, and outgoing chair of the International Forum of Sovereign Wealth Funds, David Murray (pictured), believes sovereign wealth funds are at risk of discrimination if some key myths about their structure and investment intentions are not discussed. (more…)
CalPERS has hit out at a report calling for radical change in the way California public sector pension benefits are calculated, describing the authors’ methodology as flawed and ideologically slanted. (more…)
SWFs, as long-term investors, could play a countercyclical role in providing global financial and economic stability, the International Forum of Sovereign Wealth Funds concluded last week in Beijing. (more…)