In this timely analysis, Wurts & Associates examines the active management environment, warning investors of the pitfalls of studying and choosing active managers including a reminder that reaching for high levels of benchmark relative excess returns can be potentially rewarded, but only in a marginal way relative to lower tracking error managers. It also concludes that measuring managers relative to capitalisation-weighted benchmarks isn’t fair.
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The Alaska Permanent Fund Board of Trustees was educated on the changing risk profiles of emerging-market debt at its meeting in February, with chair, Bill Moran, suggesting the asset class could have a greater role in the fund’s portfolio in the future.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Pension funds need to look at building a “new beta system”, according to Dr Henry Zhao (pictured), moving away from traditional global indexes in general and cap-weighted indexes in particular.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Investors need to build some hedges into their portfolios as uncertainties about the speed and shape of the western world’s economic recovery remain, according to Mercer Investments.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
After one year in the job, State Street’s boss, Jay Hooley (pictured), surveys the post-crisis landscape and looks at the trends for investors and fund managers. He spoke with Greg Bright.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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