This research paper by MSCI defines macro-economic risk as the change in asset value due to persistent shocks to real economic growth. This definition underscores the role of long horizons in macroeconomic risk and the principal issue facing investors: how should asset allocation respond to large macroeconomic shocks, given that their consequences are likely to be resolved over long time periods? VIEW THIS PAPER
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.
In this latest piece of research the US-based independent investment consulting firm, NEPC, examines whether the assumptions about hedge funds, hedge fund of funds and portable alpha, are broken or merely damaged, and whether there is still a case for including these strategies in institutional investment programs. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In this paper by Vanguard Investment Counseling and Research, the performance of active funds in the US and Europe during the seven bear markets since 1970 is evaluated, revealing that the performance of certain market segments relative to the broad market may contribute more to outperformance than manager skill. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This report from the OECD steering committee on corporate governance attributes a great deal of the financial crisis to failures and weaknesses in corporate governance arrangements. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Russell Investments’ latest research argues some pension plans should consider a dynamic approach to strategic asset allocation that ties pension fund investing policy to changes in liabilities and a plan’s funded status. For the full report click here mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The hedge fund industry faces a transformational crisis, precipitated by external market events and worsened by the industry’s mixed record at meeting investors’ risk and liquidity expectations as well as weaknesses in the hedge fund business model. Here, a full copy of the Casey Quirk/ BNY Mellon Hedge Fund of Tomorrow report, faces and embraces
In his latest paper, professor of finance at EDHEC risk and asset management research centre based in France, Abraham Lioui, conducts an in-depth study of the recent decision to ban short selling, highlighting the quesionable reasons for the ban and the prejudices that weigh on those that short. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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