In this episode, Alex Proimos, head of domestic content, Conexus Financial, chats with Veronica Klaus, general manager – investment consulting at Lonsec, about a range of topics including the advice gap, allocations for retirement, liquidity in private assets and income strategies for retirees.
NZ Super cuts benchmark return expectation on US valuation concerns
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.
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Rebalancing revisited: putting risk back on the table
By adopting a contrarian approach to rebalancing which takes account of both assets and liabilities, pension funds could enhance long-term returns and reduce the volatility within their portfolios, new research reveals. Rebalancing Revisited, a paper by Syd Bone, former chief executive of VFMC, and Andrew Goddard, an ex-Russell investment veteran, advocates super funds rebalance to
Abu Dhabi fund hires up for regional M&A service
Continuing its expansionist aims, the Abu Dhabi Investment Corporation (ADIC) has lured an investment banker from Rothschild to focus on cross-border merger and acquisition (M&A) activity, which it expects to spike as the financial crisis wears on. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Beware the illiquidity delirium when buying-up credit
Bond markets might be offering comparable returns to equities and a higher place in the capital structure, but they should be approached cautiously as they lack what institutions around the world are trying to maintain – liquidity. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
European funds look to alternatives to manage future risk
European pension schemes are increasing their allocations to non-traditional asset classes as a way to manage risk as a result of turbulent market-prompted investment reviews, according to Mercer’s annual European Asset Allocation Survey. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
UniSuper’s proprietary risk program challenges investment assumptions
UniSuper, the $23 billion Australian pension fund for those working in higher education and research, has developed an in-house risk budgeting and factor analysis program that monitors the extent to which the fund deviates from its strategic asset allocation, and ensure the fund’s active risk is allocated appropriately between managers. mrec4inarticleinline Sponsored Content scnative1 scnative2
The hedge fund of tomorrow: building an enduring firm
The hedge fund industry faces a transformational crisis, precipitated by external market events and worsened by the industry’s mixed record at meeting investors’ risk and liquidity expectations as well as weaknesses in the hedge fund business model. Here, a full copy of the Casey Quirk/ BNY Mellon Hedge Fund of Tomorrow report, faces and embraces
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