Tag: Leverage

Asset Allocation October 1, 2024

CalSTRS Flexes Co-Investing Muscles

The $346.5 billion California teachers’ pension fund addressed leverage in its private equity policy with an eye toward expanding its co-investments and collaborative strategies portfolio.

Pensions November 28, 2022

Higher Interest Rates Put LDI Derivative Usage into Question

LDI strategies allow for passive equity to be replaced by holding ‘cash’ and synthetic equity instruments. But with better funding statuses, are pensions’ derivative positions less necessary?

Asset Allocation October 20, 2022

BofA’s Answer to a Bear Market: Outdex, Don’t Index

The shortcomings of the S&P 500 make this method preferable, says the bank.

Asset Allocation May 12, 2022

Passive ETFs Turn Out to Be Pretty Active

They’re often used or even constructed to be anything but index-hugging funds, a study says.

Manager Selection January 26, 2022

What Will Differentiate the Best Alternatives Investors in the Next 10 Years?

We ask Anton Pil, global head of alternatives for JPMorgan Chase & Co.

Risk November 16, 2021

CalPERS Board Votes to Increase Portfolio Leverage, Maintain 6.8% Discount Rate

The move is indicative of increasing risk-taking among pension funds across the country.

Risk November 11, 2021

Bubble, Bubble: How Bad Will the Bull Market’s Demise Be?

With the market at a record, thoughts of the abyss are rife. Richard Bernstein lays out this dreary view.

May 5, 2020

Too Much Leverage, Too Much Risk Are Weighing Down Hedge Funds

Designed to fly high during slumps, a bunch of them have disappointed, big time.

Market Moves May 28, 2019

Yikes, Lofty Corporate Debt Will Hurt Us When Earnings Slip, Moody’s Warns

Record leverage, at 46.6% of GDP, leaves companies vulnerable, says economist Lonski.

Market Moves July 5, 2018

New Tax Law Will Aid PE-Owned Companies, Study Says

PitchBook: Lower corporate tax rates and immediate write-offs will juice profits.

July 7, 2017

LDI Struggle, CIO’s Leverage

When it comes to the leveraged, long-dated credit risk of liability driven investment (LDI) funds, banks will battle for their balance sheet.