CalPERS’ search for a new asset allocation strategy
The fund has embarked on an asset allocation review that is more like a total engine makeover, one of the most important activities in the fund's history.
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North Carolina in need of ALM study, staff
The North Carolina Retirement System is in need of a formal asset liability study and is fundamentally understaffed, according to an independent review by Ennis Knupp commissioned by the State Treasurer.
Found: the “missing link” in the equity risk premium puzzle
As pension funds look at new ways to assess their asset allocation, including the adoption of a risk-premia approach, Simon Mumme delves into the latest thinking on whether markets reward investors for the big swings and roundabouts.
The new AA: funds hedging for “tail whippings”
The shock of asset class correlations going to one during the global crisis has prompted new ways to look at asset allocation among institutional investors and managers, which have started to drill down into the risk factors driving markets.
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