Become a member and subscribe Login

Peter Bernstein: Risk Inverse

Amanda White

June 10, 2009

Peter Bernstein, an economic consultant and respected investment thinker passed away on Friday June 5 in New York. Widely regarded as an intellectual giant in the investment circles for his ability to translate complex mathematical models into practical applications, he founded the Journal of Portfolio Management in 1974 and wrote a number of respected books about investment.

Over the years, Bernstein contributed more than 90 articles to the Journal of portfolio Management, including the following piece, published in the latest edition, Spring 2009, Vol. 35, No. 3, in which he questions the reaction of portfolio managers and investors to tightening risk controls in a risk-averse environment. Read the article here.

Sponsored Content

Leave a Comment

More from this fund

How the Future Fund built a TPA culture that scales

Lachlan Maddock

June 12, 2026

Crisis the real test of LP-GP relationships

Darcy Song

June 12, 2026

Fed independence a key US inflation variable: Former CEA chair

Darcy Song

June 12, 2026

Public equity manager challenges the case for private

Darcy Song

June 11, 2026

Photo gallery: FIS 2026 at Raffles Singapore

Photo gallery: FIS 2026 at Raffles Singapore

mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Jack Smith

March 31, 2026

Steering portfolios through a fragmented world

Simon Hoyle

March 26, 2026

Combating geopolitical and economic headwinds by going global in fixed income

Leng Ohlsson

April 14, 2025

UK pension funds rue pressure to focus on the short term and group think

Sarah Rundell

December 06, 2024

SWIB develops model to highlight inflation risk

Sarah Rundell

December 06, 2024

Sort content by

The cost of bad asset allocation

A study of 300 US pension funds by CEM Benchmarking reinforces the importance of asset allocation, highlighting the performance of asset classes, as well as new evidence on correlations between asset classes. Alex Beath, author of the study, discusses the implications for asset allocation with Amanda White. A CEM Benchmarking study “Asset Allocation and Fund

Amanda White

October 15, 2014

The OECD’s plan for long-term investment

G20 financial ministers and central bank governors welcomed the findings of the G20/OECD roundtable on institutional investors and long-term investment last month, which included clear plans to incentivise institutional investors to undertake more long-term investments. The roundtable, “From solutions to actions: implementing measures to encourage institutional long-term investment financing”, held in Singapore recognised that long-term

Amanda White

October 08, 2014

Why long-horizon investors should adopt factor-based asset allocation

Long-horizon investors can withstand macro-economic volatility and so should tilt towards strategies that are exposed to that, including value, small cap and momentum. Oleg Ruban, vice president in the applied research team at MSCI says this validates factor-investing and factor-based asset allocation for these investors.   Appropriate asset allocation requires explicit attention be paid to

Amanda White

October 03, 2014

The case for long-termism

Keith Ambachtsheer’s lead article in the Fall 2014 edition of the Rotman International Journal of Pension Management, takes readers through an historical and logical journey that supports the case for long-termism. Importantly he validates this with four high-profile investor case studies which demonstrate that a long-term view benefits society but also the investors, willing to

Amanda White

October 01, 2014

Investors alter allocations because of climate risks

A number of large institutional investors, including AP1, the Environment Agency and AustralianSuper, made changes to their strategic asset allocation as a result of Mercer’s 2011 study on climate risks, and now the consultant is working with a new raft of investors to assess forward-looking climate change scenarios against their current allocations. Meanwhile one of

Amanda White

September 24, 2014

Real estate sector continues to lead on sustainability: GRESB

This year’s Global Real Estate Sustainability Benchmark (GRESB) reveals that sustainability reporting has improved in coverage and quality of data, with the average overall score increasing due to increasing implementation and measurement. The average score is now 47 (out of 100) which is up nine points this year. The benchmark collects data from 637 listed

Amanda White

September 05, 2014

Previous
Load more

Fiduciary Investors Podcast Series

Listen to Podcast

Subscribe now to

Become a member and subscribe

Join Now
Our partners

Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.

The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.

Top1000funds.com is read by investment professionals in more than 40 countries.

Privacy Policy | Terms of Service | Cookie Policy | AI Editorial Policy