'There is only naive market timing and intelligent market timing.'
Sidebar to the cover story: SBCERA and risk management systems. Kip McDaniel reports.
News Archive: Jun - 2012
Returns Plummet for Foundations in FY2011
Foundations saw returns of -0.9% in the 2011 fiscal year, a significant tumble from prior years.
Editorial Letter: Love and Death in the Golden Land
From aiCIO Magazine's June Issue: Editor-in-Chief Kip McDaniel offers a look at the struggles of US public pension funds--and an understanding of how we got here.
Letter From the Managing Editor: The War on Jargon
From aiCIO Magazine's June Issue: Paula Vasan examines the opaqueness of industry jargon and reminds us--and herself--that showing is better than telling.
Column: Future Shock
From aiCIO Magazine's June Issue: Asset owners should consider seven predictions when investing in these interesting times. Charlie Ruffel reports.
Column: Risk Measurement, Risk Management
From aiCIO Magazine's June Issue: Institutional investors must understand that risk measurement is not the same as risk management. Dr. Arun Muralidhar reports.
Bright Lights, Big Country
From aiCIO Magazine's June Issue: Amid a depressing public pension debate, pockets of excellence shine through. Kip McDaniel reports.
Ash Williams Knows Mega-Pensions Are In
From aiCIO Magazine's June Issue: Ash Williams, CIO of the mighty Florida State Board of Administration (SBA), doesn’t think it’s all about size—but it sure doesn’t hurt to be one of the big pensions currently in demand.
Ted Ladd Has Seen More Than You
From aiCIO Magazine's June Issue: Ladd—chairman emeritus of BNY Mellon’s Standish asset management unit—joined the fixed-
income specialist firm in 1962. Just think how much you’d have to say if you started working for your current firm when Kennedy was president.
Consultant Corner: Risk Parity Opinions, Crowdsourced
From aiCIO Magazine's June Issue: How social media led to a story on the Fairfax County Employees Retirement System's usage of risk-balanced investing. Paula Vasan reports.
Rethink Your Buckets: Asset Allocation for the Long Run
From aiCIO Magazine's June Issue: With portfolios emerging from the danger zone, a reexamination of asset allocation buckets may be in order. Aran Darling reports.
A GP/LP Mismatch?
From aiCIO Magazine's June Issue: Limited partners, be warned...misaligned incentives may be pushing private equity firms to purchase assets they otherwise wouldn't. Benjamin Ruffel reports.
LDI, But Not Now?
From aiCIO Magazine's June Issue: The secular trend in favor of LDI is gathering steam--but many plan sponsors of smaller and mid-sized corporate plans are trying to resist its lure. Benjamin Ruffel reports.
GASB Approves New Pension Standards
The Governmental Accounting Standards Board has approved new accounting standards for US public pensions that aim to improve their accounting and financial reporting.
It’s the Demographics, Stupid!
From aiCIO Magazine's June Issue: A column from Dr. David Blake, professor of Pension Economics at Cass Business School, on longevity risk.