Cost is the flagrant motivation in the trend for US pension funds to move assets in-house, but as this article explores, budgets also need to extend to the demands of investment research, travel and staff incentive compensation. (more…)
This MSCI research examines the volatility cycle of value stocks, shedding light on the changes in relative contributions of value and non-value portfolios to total risk. (more…)
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…)