Why risk parity investors have lost faith
Denmark's Kasper Lorenzen, group CIO at PFA explains why he's lost his faith in risk parity.
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Texas Teachers revamps AA, adds leverage
The board of the $154 billion Teacher Retirement System of Texas has approved changes to its strategic asset allocation as a result of its latest five-year study, increasing its allocation to private markets, risk parity and introducing leverage.
N. Mexico PERA adopts Wisconsin model
Public Employees Retirement Association of New Mexico CIO Dominic Garcia is headed down the path less travelled, employing a risk-parity and alpha strategy he learned with the State of Wisconsin.
Research fund embraces innovation
In 2005, the $3 billion WARF embraced a risk parity strategy with a portable alpha overlay. Despite many doubters, the plan has been a success - and the fund still has that experimental ethos.
UTC benefits from LDI, portable alpha
UTC pension fund is reaping the benefits of diversity and risk management introduced to the portfolio 10 years ago, including sophisticated LDI, risk parity and portable alpha strategies.
Benchmark design for an active investment process
Choosing the appropriate benchmark for active managers is a common debate among institutional investors. Norges Bank Investment Management has produced a “discussion note’ on the benchmark design for an active investment process, in which it introduces a flexible modelling framework that aims to incentivise each portfolio manager to utilise their stock-picking skill. The benchmark
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