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Asset owners eye tech’s new foundation for investing
Institutional investing is entering a new era as blockchain-based rails make markets always-on, near-instant and capable of delivering hyper-customised portfolios. Are asset owners ready?
Climate transition requires a dose of realism and some close collaboration
The climate challenge represents a new opportunity for asset owners and managers to work together to find solutions according to Sonja Laud, CIO of LGIM, but there needs to be a more honest debate.
Risk parity becomes bittersweet flavour of the month
A risk parity approach to asset allocation is flavour of the month, in spite, and because, of the leverage it requires. Amanda White explores the topic.
Khosla warns of disrupted decade before AI boom brings abundance
AI will deliver a five-year burst of productivity and cost cutting before a deflationary decade reshapes the global economy, according to legendary venture capitalist Vinod Khosla.
Top US funds embrace stewardship code
A new set of US stewardship responsibilities for investors and a governance framework for listed companies, backed by some of the largest US-based asset owners and managers, is long overdue.
Defined benefit thrives at Migros
Success stories at pension funds are a real rarity in crisis-ravaged Europe, with deficits hampering countless major international firms. The CHF16.9-billion ($18.1-billion) pension fund of Swiss supermarket cooperative, Migros, is firmly in the blessed minority of funds enjoying rude health. Migros Pensionskasse was even able to boost its surplus to $1.3 billion in 2011 while
The contested role of asset consultants
Asset consultants are a key part of the investment chain, providing small funds with services that include decision making processes and strategic asset allocation, and for larger funds traditionally playing a key role in manager and strategy selection. But a study by Gordon Clark and Ashby Monk, which is part of a broader look by
Quality factor explained by profitability: Robert Novy-Marx
Among academic classifications, and the subsequent implementation of factor investing, “quality” is one of the newer areas of investigation. Robert Novy-Marx, the Lori and Alan S. Zekelman Professor of Finance at the University of Rochester, is leading the charge on the academic justification of quality as a factor, although he has a “jaded scepticism” about
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