While the models of expected returns are evolving, they still do not recognise the role of expressive and emotional characteristics. In this guest editorial in the Financial Analysts Journal, Meir Statman, Glenn Klimek Professor of Finance at Santa Clara University, California, proposes including characteristics such as affect, social responsibility, status and patriotism in models of expected returns .
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Large investors with more than $1 billion allocated to hedge funds plan to maintain or increase their exposure in 2012, a Preqin study has found.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
About 20 per cent of an institutional investors’ hedge fund exposure should be allocated to “divergent” strategies, according to Rob Covino, senior vice president of SSARIS, which has been managing absolute return strategies for 30 years.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The unique pension fund-owned structure of Industry Funds Management contributed to it winning a large infrastructure mandate from the $144.8 billion CalSTRS, whose risk-based view of the world has it looking for inflation-hedging diversification.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
An original Australian pilot project to benchmark asset owners on their management of climate change risk will be expanded globally later in the year.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
US institutional investors are discouraged to diversify into offshore shares due to the outcome of a court case which restricts anti-fraud protection. The US case involving the purchase of shares in an Australian bank by Australian investors on an Australian stock exchange has important implications for US institutional investors and their drive to diversify investments
Allocations to alternative investments of the largest seven pension markets globally (P7) have increased by 15 per cent over the past 16 years, according to Towers Watson. Carl Hess, Towers Watson’s global head of investment, says the study reflects two investment themes in the past few years: globalisation and diversification. While alternatives have increased as
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