This hot-off-the-press revised version (March 30) of The ABCs of Hedge Funds, which decomposes returns into three components – systematic market exposure (beta), value-added by hedge funds (alpha), and hedge fund fees (costs) – includes data up to the end of December 2009. Among other things it finds the universe of hedge funds produced a positive alpha from every year of the last decade, even through the recent financial crisis.
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.
New research by Russell Investments’ co-chair of global investing, Don Ezra and senior lecturer at the Australian National University, Geoff Warren, presents a framework for deciding when to choose an alternative to passively investing in capitalisation-weighted indices within any particular asset class, and highlights how the debate over active versus passive investing needs to be
This paper from the Neuberger Berman fund of hedge funds team analyses the near-term prospects of distressed investing and volatility arbitrage, offers observations on the importance of managing the beta profiles of long and short positions within long/short equity portfolios, and explores the effects of reduced competition on hedge fund managers. mrec4inarticleinline Sponsored Content scnative1
New research by the Pension Research Council at The Wharton School, University of Pennsylvania, examines whether workers seeking higher returns can expect to do better than the CPF-managed default, by moving their money into professionally-managed unit trusts. The evidence is mixed. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In this white paper by DB Climate Change Advisors, led by global head of climate change investment research Mark Fulton, the drivers of climate change for 2010 are examined in the context of strategic asset allocation. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
A joint study by LIMRA , the International Foundation for Retirement Education and the Society of Actuaries into the effects of the financial crisis on how retired individuals with investable assets make decisions about investing their assets and purchasing financial products has found they are more risk averse and less confident post the crisis.
This research examines the effect of tail risk, or extreme risk, on pension funds, concluding that all extreme scenarios have an immediate negative impact that can significantly jeopardise the smooth functioning of a pension scheme, probably as much as the other non-extreme risks. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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