This research examines the extent to which decision-making by pension fund trustees is affected by behavioural biases, by using a vignette-method field experiment among Dutch trustees. It finds that trustees display choices that accord with the phenomenon of loss aversion and allow their choices to be affected by the forces of social comparison: the reserve position of their fund compared to the position of others has siginificant influence in choosing a pension fund policy mix.
Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.
Denmark’s Labour Market Supplementary Pension Plan (ATP) concluded that its approach to pension management needed to change.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
RogersCasey has leant its weight to the trend towards low-volatilty portfolios, however, in a white paper on the subject, the asset consultancy notes a few concerns.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This paper by Russell executives, Symon Parish and Peter Ballantyne, looks at how factor analysis can provide a better understanding of why investments might be strongly or weakly associated.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This paper, by Serge Darolles of Lyxor Asset Management, and Mathieu Vaissie, research associate at EDHEC-Risk Institute, looks at the performance of funds of hedge funds through the crisis, and introduces a return-based attribution model allowing for the full decomposition of funds of hedge funds’ performance.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
A new EDHEC-Risk Institute publication, “The Performance of Socially Responsible Investment and Sustainable Development in France: an Update after the Financial Crisis”, concludes that SRI should be integrated in a global process combining quantitative and qualitative approaches.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This paper by the Columbia Climate Center at the Earth Institute, Columbia University, and commissioned by DB Climate Change Advisors, examines the claims being made about climate change science. It higlights the importance of understanding the science in the context of a climate change investment thesis. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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