The experience of the C$26.7 billion ($25 billion) Hospitals of Ontario Pension Plan (HOOPP) is testament to the success of asset-liability driven investing. Amanda White spoke with chief executive, John Crocker, about how matching assets with liabilities led to an underweighting in equities and a subsequent (relative) survival of the global economic crisis.
US manager search activity targets bonds
Funds manager search activity in the US for the first half of the year was higher than the corresponding period last year, with search activity significantly shifting towards fixed income, Mercer reports.
Obsolete data puts funds on collision course
Jim Morrissey, CEO of InvestorForce, a Pennsylvania-based developer of analytical, monitoring and reporting solutions for institutional investors and their consultants, discusses why rear-view decision making is dangerous, and the need for real-time investment data.
The flaws in traditional risk measures
William Browne, New York-based managing director of Tweedy, Browne Company, discusses the flaws in the traditional measures used to monitor risk and explains to Kristen Paech why leverage is the road to financial hell.
Aabar eyes piece of Manhattan
Aabar Investments, an Abu Dhabi government-backed investment company, is targeting an “iconic” piece of Manhattan real estate, according to Mohamed al-Husseiny, chief executive of the firm.
RogersCasey: in defence of active management
While recent manager performance has raised concerns about active management, US consulting firm Rogerscasey believes that active management is often called into question at precisely the wrong time. And while passive investing has proven to be a cost effective way for some investors to access some portions of the capital markets, there are situations where hiring a fund manager is the more appropriate course of action. This research brief by Chris Thompson, director in the alpha investment research group, outlines the consultant’s case.
