Investing in volatile markets
The Future Fund portfolio has material exposure to two asset classes out of favour with many long-term investors. Chief investment officer, Raphael Arndt, explains why.
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Cost disclosure overhaul
Investors should adopt the ILPA standardised fee reporting template for private equity, say Mike Heale and Andrea Dang from CEM Benchmarking
Be contrarian
Investors should be contrarian in their private equity allocations because there is a negative relationship between capital flows and returns.
‘Asset class alpha’, and sector ETFs
A large percentage of the outperformance of private equity can be replicated by using sector exchange traded funds, according to new research.
Demystifying private equity
US public pension funds, on average, have around 9.4 per cent allocated to private equity but for many public funds monitoring the firms that manage these investments – including the transparency of underlying investments, fees, performance and benchmarking – as well justifying these investments to boards and stakeholders, takes up more than 10 per cent
Fees eat diversification’s lunch
The balance between the allocating to the right number of asset classes and over-diversification is a concern for pension fund investment executives and committees. A new paper by professors at the US Air Force Academy examines the relationship between fees of diversifying asset classes and their diversifying benefits. The paper finds that, in many cases,
Asset Allocation