Saved Articles

No luck for Irish pensions

Irish pension funds haemorrhaged an estimated euro 27 billion (US$36.5 billion) in 2008, as the global economy moved towards recession and equity markets across the world went into freefall.

Pension funds fooled by Madoff

Pension fund exposure to Bernard Madoff’s alleged Ponzi scheme has raised questions about the governance of so-called professional investors.

100 Years of Corporate Bond Returns Revisited

We first published this document in November 2005 during a period of healthy markets and around the peak of the US housing bubble. The main conclusion from the note was that we had just been through an unparalleled period of returns in all asset classes.

Don’t fret the normal discipline with rebalancing – Callan

As the end of the year approaches, the issue of rebalancing for pension funds – a vexed one in the market volatility of the past year – is becoming more acute. US-based adviser Callan Associates is advising clients to depart from the normal disciplines around rebalancing in these extreme conditions.

The return of income – a season of plenty

Next year will herald a “new paradigm” for investors where income once again becomes a focus of thought, according to the global head of institutional investments at Fidelity International, Michael Gordon.

Believe it or not: US managers indicate record bullishnes

Professional money managers expect a considerable bounce from the current market lows, and they anticipate this swing to take place sometime next year, according to the latest Investment Manager Outlook, a quarterly survey of investment managers conducted by Russell Investments.

CalPERS appoints first woman CEO

CalPERS, the US$182 billion Californian public pension fund, has promoted its CIO to the vacant role of CEO – Anne Stausboll becomes the first woman to run the fund in its 77-year history.

CIC’s Gao tips US dollar to resume decline

He has not gone public very often with his views, but when he does Gao Xiqing, president of China Investment Corporation (CIC), is sure to be heard. He spoke out this month with a range of opinions including his expectation that the US dollar would resume a downward trend soon.

Predictive power found in manager culture assessments

Quantitative measurements of the culture of funds management firms can provide indications of the future success of those companies and also their ability to retain personnel, a study by researcher InvestmentQ finds.