Is Risk Measurement Damaging Long-Term Performance?
Measurement of risk, rather than the management of it, is damaging investors’ prospects of long-term returns and meeting their liabilities.
Risk
European Aging on the Rise
Improving longevity is hastening and set to stretch pension funds liabilities even further.
Rates Rise; Then What?
From aiCIO Magazine's February Issue: What happens to the assets and liabilities of various capital pools when--not if--rates eventually rise?
Dutch Masters on Unfamiliar Turf
From aiCIO Magazine's February Issue: The Dutch pension market is often cited as the best in the world, but are problems emerging in this supposed pension El Dorado?
Denmark to Issue First Inflation-Linkers
Investor demand has led Denmark to issue its first inflation-linked bonds, which solve some major pension scheme problems.
Paper Explores Value of Tail-Risk Hedging in a Volatile Market
Investors need to better understand how tail risk hedging works, the tradeoffs involved, and how the costs are determined, according to a whitepaper by BNY Mellon.
Towers Watson Launches First Transition Management Service
Towers Watson is creating the first panel of transition managers to make the service more easily available for investors and monitor the outcomes.
The Norway v. Yale Models: Who Wins?
Both the Norwegian Government Pension Fund Global and Yale University's endowment -- run by the popular David Swensen -- have emerged as industry pillars in asset management, and a new paper compares and scrutinizes their reputations.
Pension Funds to Drop Derivatives?
Derivatives may become too costly and too complex for some pension funds to want to use, Towers Watson has warned.
Infrastructure Via LDI Framework Growing to Dominate Investor Activity
As high volatility pummels institutional investor portfolios, investors are increasingly seeking “global listed infrastructure” strategies for their Liability Driven Investing (LDI) framework.
Dutch Pension Manager Brings in New Risk Chief
PGGM appoints new Chief Risk Officer as Eurozone saga continues to play out.
Premier Trend Among Superannuations: Insourcing, Paper Concludes
One of the more prevalent trends in institutional investing within the superannuation industry has been a movement toward in-house investment management.
Illiquidity Risk Is Poorly Captured by Traditional Models, Research Paper Says
A new research paper explores areas of concern surrounding the effective use of illiquid assets in portfolio management.
PBGC: American Airlines Has Failed to Prove Reasons for Pension Termination
As American Airlines announces plans to drop its defined benefit pension plans, the Pension Benefit Guaranty Corporation (PBGC) warns of the implications.
Record Contingent Asset Use by UK Pension Funds
Pension funds in the UK are using record levels of contingent assets to plug shortfalls inflicted by the economic crisis.