The Latest
Risk

All the elements of a difficult year

Some trends have the potential to pack the impact of a force of nature in markets in 2019. Mercer takes a look at threats and opportunities from choppy waters of the late cycle, headwinds in market participation, geopolitical tremors, and the unstoppable force of sustainability.
FIS Yale

Better balance your beta

The most important thing investors can do given the investment environment is to balance their beta to account for the wide range of potential outcomes, says Greg Jensen, Bridgewater co-CIO.
Analysis

Traditional risk measures flawed

The traditional method of using aggregated monthly data to measure long run risk is flawed and inaccurate, according to important new research by State Street. Co-authors David Turkington, Will Kinlaw and Mark Kritzman have found that there is a huge divergence in risk and return over long periods, which is not visible when using measures […]
In Conversation

Adding value through risk allocations

2013 was a great year to add value by using risk to assign asset allocation, according to chief investment officer of Windham Capital, Lucas Turton, whose fund added 300 basis points above benchmark last year by dynamically allocating according to risk.   Windham Capital Management’s style is to focus on measuring and understanding risk to […]
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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