I chat with Campbell, Professor of Finance at Duke University, on the future of quantitative finance, academic journals, model fitting and the intellectual fallacies within inference.
Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activity should be undertaken without first seeking qualified and professional advice.
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark. Co-chief investment officer Brad Dunstan also flags underweight commodity exposure as an area to address and explains why the fund remains sceptical of illiquidity premia despite seeing a growing case for private markets.
In November the International Centre for Pension Management at the Rotman School, University of Toronto will launch its board effectiveness program, which director Keith Ambachtsheer hopes will help overcome the dysfunctionality of pension fund boards – which have a desire to implement rather than oversee. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In the first move to implement the new strategic asset allocation approved in December, CalPERS has introduced a raft of new benchmarks including composite benchmarks for the new asset classes of growth, real and liquidity created under the restructure. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The wealth generated by Australia’s mining boom is presenting a dilemma for the Australian Federal Government, with decision-makers at the crosspaths of what to do with it. Calls are increasing for the establishment of a sovereign wealth fund, with economists saying the time is right if the Federal Government delivers on its promise of a
Half way through a five-year plan, the Alaska Permanent Fund, has a new risk culture, which affords the investment team freedom, and is just about to embark on a new strategic asset allocation, which includes expansion of its external CIO program, as part of a drive for further diversification.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Pity the folks at Ontario Teachers’ Pension Plan. They shot the lights out with investment performance last year and the fund is still in the red.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The positions have changed, over the past three years, in the food chain of professional funds management, away from the manager and towards the fiduciary. And it is not just the large fiduciary funds which can benefit from the trend.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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