Danish fund allocating tactically to capture opportunities

One of Denmark’s largest industry funds, PensionDanmark is embracing the opportunities presented in the current climate, and has increased allocations to credit. Amanda White spoke to the fund’s CEO, Torben Pedersen, about its investment strategy. Torben Pedersen, chief executive of PensionDanmark, is upbeat, and perhaps a little opportunistic. While on paper, the fund is sceptical … Read more

Model, hypothetical, and backtested performance – best practices

In the CFA Institute’s new Investment Performance Measurement newsletter, launched this month David Spaulding, president The Spaulding Group, and Steven Stone, partner at Morgan, Lewis & Bockius discuss the issues concerning the use of theoretical performance, summarise the regulatory implications and risks of using such presentations, and suggest best practices and appropriate disclosures.

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10-point plan for employers and trustees of defined contribution pension plans

Defined contribution company plans began 2009 on the heels of a bruising year. The significant decline in capital markets coupled with extreme investment volatility raises many issues for companies with DC plans. There are numerous issues employers/plan trustees need to address when reviewing their plans this year. These range from the plan’s governance to the … Read more

Dynamic asset allocation legitimate strategy in troubled times

For institutions with access to professional advice and with long investment horizons, a fixed mix approach to asset allocation is “aiming too low”, according to Jeremy Grantham, outspoken chief of GMO, who argues instead for a more dynamic approach to asset allocation in times of severe mispricing. “If the last 15 years has taught us … Read more