By studying value and momentum in Japan as a system, because they are strongly negatively correlated, this paper by AQR’s Cliff Asness argues that despite popular belief, momentum “works quite well” in Japan. (more…)
Increased awareness of environmental, social and governance (ESG) concerns is influencing the investment decisions of institutional investors more and more. Leveraging preliminary findings of new research by State Street Global Advisors, we examine the momentum behind this trend and the opportunities emerging in a rapidly shifting landscape.
As the social partners in the Netherlands debate the future of the pension system, Amanda White spoke with chief institutional business and deputy CEO at PGGM, Else Bos, about the preferred reform outcome which may be a move towards a “defined ambition” structure, as well as PGGM’s vision of retirement provision which moves beyond just monetary considerations. (more…)
New Zealand’s earthquake disaster relief fund could be completely drained following the fatal 6.3 quake that flattened large swathes of central Christchurch on February 22. (more…)
Institutional investors need to get more serious in their engagement with policy makers by targeting specific people in environment departments and defining an action plan to tackle climate change risk, according to global head of research, responsible investment at Mercer, Danyelle Guyatt. (more…)
There is no connection between asset allocation and the funding level of US state retirement systems, according to Wilshire’s 16th annual survey of the funds, which reported a dire funding situation for 99 per cent of plans. (more…)