How Can Investors Make Returns on Actively Managed FX?
Currency markets are volatile and speculative traders make the wavers higher, but long-term investors can still make a profit, an academic paper says.
News Archive: Apr - 2012
Paper: Opportunities Scarce for Active Managers, Risk Recovery on the Horizon
Last year was disappointing for active equity managers and as an overall climate of risk aversion persists, many of the early indicators of a risk recovery are emerging, Wellington concludes.
OMERS, Japanese Partners Eye $20 Billion Infrastructure Fund
The pension plan representing municipal workers in Ontario has teamed up with two Japanese partners to launch a global investment fund.
Regulator ‘Too Harsh’ on Pensions Hit By QE
The UK Pensions Regulator has been warned its stance on funding ratios does not take enough account of efforts to stem the financial turmoil.
CalPERS Responds to Primack Critique, With Vitriol
A recent article by Fortune Magazine attacks CalPERS over questions surrounding placement agent activity, but the California scheme has fired back in defense.
Harvard Paper: Solutions in Sight for Underfunded Public Pensions
The size of the public pension problem in the United States is growing, and a new paper published by the Harvard Kennedy School for Business and Government explores the obstacles to reform along with potential solutions.
GMO's Grantham: How to Protect Your Job and Your Clients' Money
"Good client management is about earning your firm an incremental year of patience,” says Jeremy Grantham of GMO Capital Management, noting that the goal for investors should be to not underperform bear markets.
Editorial: Pro·vo·ca·teur
A letter from aiCIO's Managing Editor Paula Vasan on the new Provocateur section.
Editorial: Long-Term Thinking
A letter from aiCIO's Editor-in-Chief Kip McDaniel on the magazine's 40 Under 40 list, a representation of "the very best of our target audience’s youthful tail."
Column on SAA: Simply Awful Allocations?
From aiCIO Magazine's April Issue: Many institutions are looking for a new approach and are adopting risk parity and other de-risking strategies, but many of these approaches reflect faulty applications of the theories.
Column: Youth—and a Dash of Cynicism
From aiCIO Magazine's April Issue: In this decade of upheaval, so much of what we take for granted in the institutional investment arena desperately needs to be viewed through fresh eyes.
Is Yale's Endowment the New Tiger Management?
From aiCIO Magazine's April Issue: Julian Robertson’s Tiger Cubs started some of the aughts’ most impressive hedge funds. Are David Swensen’s Yale Pups, increasingly in control of other foundations and endowments, the current decade’s equivalent?
Consultant Corner: A Look at Young Talent in the Consulting World
From aiCIO Magazine's April Issue: Keep your eye on this rising star in the independent investment consultant community.
If You Build It, Will Yields Come?
From aiCIO Magazine's April Issue: Infrastructure for liability-driven investment.
Is Defined Aspiration Simply Risk-Shirking?
From aiCIO Magazine's April Issue: Is the 'third way' of corporate pension provision just another risk avoidance tactic for employers?