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The investment model for asset owners: is there a best-practice version?
In the last of a series of articles exclusively for conexust1f.flywheelstaging.com, Roger Urwin, head of global content at Towers Watson examines the asset owner investment models that are recognised as best practice, questioning whether there are patterns to the models of success. The best-practice investing model could either involve how you do it or what
Rethinking emerging markets
Disappointing returns has investors re-thinking their exposures to emerging markets. A group of investors convened in London to explore opportunities including the new economy, the right risk/ return trade off and how to best gain exposure.
Taking the future into account
At the International Centre for Pension Management’s biannual meeting in London, Jack Gray and Generation’s David Blood had a tête à tête on sustainability. An academic at the Paul Woolley Centre for Capital Market Dysfunctionality at the University of Technology Sydney, Gray has written a paper, Misadventures of an Irresponsible Investor, that at its core
CalPERS says no to adding leverage
The California Public Employees’ Retirement System announces it won’t be introducing leverage, and gives some details on how it will choose a portfolio in December from the four it’s considering.
The predictive power of portfolio characteristics
Investors still rely, to a great extent, on past performance to assess managers’ future performance. Rather than rely on past performance outcomes to predict future results, a new paper, The predictive power of portfolio characteristics, argues that it is possible to improve the ability to predict future long-term success by identifying and measuring selected portfolio characteristics
Alexander Fleiss: Humility and mean reversion
I chat with Alexander, CEO at Rebellion Research, on stock selection, portfolio construction and his passion for teaching. Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activity should be u
Getting the commodities mix just right
While commodities are a controversial and problematic asset class to some investors, for others they are an ideal diversifier looking more attractive than ever. A mini-revival in commodity investing among US pension funds suggests the asset class may be enjoying a resurgence. The Los Angeles Fire and Police Pension System, Municipal Retirement System of Michigan
Harvard factors in rebalancing to endowment
The Ann Kaplan professor of business, finance and economics at Columbia University, Andrew Ang, who also consults to the Norwegian sovereign wealth fund, describes the shortcomings of research on asset allocation and illiquid assets, and how to overcome behavioural biases.
Asset owners take charge of the tender process
A candid feedback loop from asset owners to managers following a tender process will help raise the standard of transparency and appropriate offerings in the industry. Chief financial officer of Denmark’s Lønmodtagernes Dyrtidsfond (LD), Lars Wallberg, who has just overseen a full manager overhaul after a rigorous and deliberate tender process has advice to both
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