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Analysis

Innovation to align investors with the social good

The CFA Institute’s president John Rogers, believes there is evidence of innovation in investment products that meet the needs of asset owners in a more sustainable, longer-term way, and points to the work of professors and advisors to the CFA , Andrew Lo of MIT and Robert Shiller of Yale.   One of the main […]
Analysis

A new model of liquidity

The risk-adjusted benefit of being able to rebalance a portfolio is worth tens of basis points, according to new research that assigns risk and return measures to liquidity so it can be analysed alongside other portfolio decisions. The award-winning research is now being used by large sovereign wealth funds, to determine the value they should […]
In Conversation

Merton’s message: give up on alpha

Nobel Prize winner, Robert Merton, has thrown down the gauntlet. He claims that by focusing on a retirement income goal he can beat any competitor that is managing a 70:30 portfolio that has wealth accumulation as the goal. Do you dare take him on? The defined contribution pension management industry has it wrong, according to […]
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