As the Canada Pension Plan Investment Board gets larger, it is considering how to retain its sizeable private-market holdings with public proxies. It’s a ‘capacity issue’.
Willis Towers Watson’s report on the top 300 pension funds for 2016 shows the world’s largest 20 funds have increased their share of global pension assets under management by 7.1 per cent.
I’ve been contemplating the “smart beta” wave the industry seems to be riding at the moment. Cynically, part of that contemplation asks whether there is any innovation at play or whether it’s simply the industry playing with nomenclature once again. The answer is confusing, for while I’d like to be able to write it off... Read more »
The investment firepower and cost savings promised by economies of scale have enraptured the Australian superannuation industry. This has instilled in some funds an urge to merge in order to enjoy the benefits of being large. However some investment chiefs believe that bigger size brings a new set of problems that can undermine performance.
In new research Ken French and Eugene Fama are expanding their famed “size, value and momentum” work on the US market to an international data sample.