This conversation covers some examples of the techniques deployed for thinking about decumulation using data from Hong Kong, Singapore and France.
Speaker: Raphael Sobotka, global head of flexible, risk premia and retirement solutions, Amundi
Moderator: Alex Proimos, head of institutional content, Investment Magazine
Length: 11 mins
In a high-level exchange between two of the world's largest and most sophisticated asset owners, CPP Investments’ chief executive John Graham shared a leadership lesson with Norges Bank Investment Management chief executive Nicolai Tangen: having an aligned senior team is one of the most critical things a leader can build. The two funds, which are consistently leaders in transparency, also exchanged playbooks on managing bureaucracy at large organisations.
This paper investigates the underlying sources for the biases of optimised portfolios, and identifies special portfolios, termed eigenfactors, that exhibit large systematic biases in the risk forecasts. It shows that the covariance matrix can be adjusted to remove these biases, and that removing eigenfactor biases essentially removes the optimised portfolio biases as well. mrec4inarticleinline Sponsored
The global financial services industry during 2011 faces active rulemaking and a myriad of changes in derivatives regulations from the United States and European Union. For financial firms operating in the Asia-Pacific region, the effects of these proposed regulatory changes on derivatives markets are particularly unclear. This article touches on some of the most-pressing concerns
The Alaska Permanent Fund has made allocations to three alternative investment programs and begun a new push into timber and diversified inflation funds hiring Callan to conduct searches. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The Ann Kaplan professor of business, finance and economics at Columbia University, Andrew Ang, who also consults to the Norwegian sovereign wealth fund, describes the shortcomings of research on asset allocation and illiquid assets, and how to overcome behavioural biases.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
As Sudan divides into north and south, CalPERS and other UN PRI funds are divesting shares in public companies in that country, while at the same time warning on the fragile peace and the precarious economy.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
CalSTRS is in contract negotiation with a hedge fund consultant, with a view to hiring global macro hedge funds as part of its innovation portfolio, and the next tasks will be reviewing commodities and non-traditional benchmarks, as the innovation and risk unit comes of age. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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