Big Bond Bust

In his editorial in the latest edition of the FAJ, Richard Ennis calls into question the role of advanced, aggressive fixed-income strategies, questioning the suitability of such techniques in the part of the investor’s portfolio that bears the brunt of providing downside protection.

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Sovereigns versus citizens

As sovereign wealth funds continue to grow, some are running into tussles with citizens over particular investments or the purpose of the fund. Transparency and greater engagement can help.

Return targets head downward

The challenging market environment is putting pressure on pension funds. In response, many are lowering return targets, rather than taking on more risk or requesting larger contributions.

Never underestimate quality

USS's COO Howard Brindle is one of the most experienced investment operations executives in the pension industry, he talks about business transformation and the importance of talent.

Board make-up matters

The more political appointees and worker representatives sit on US pension fund boards, the more those funds will respond to incentives that encourage riskier investing, research has found.

McKinsey: Long game is best play

Calls for a long-term investment focus have lacked a sophisticated metric to back them up – until now. The McKinsey Global Institute has found tangible benefits from shunning short-termism.

On the geopolitical horizon

It’s impossible for asset owners to predict the year’s geopolitical upsets. Diversification will be the key to a resilient portfolio.

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