Industry Voices

  1. Private equity liquidity: Trickling down or bubbling up?

    trueA recent announcement by the chief investment officer of the California Public Employees' Retirement System is shining a bright light on increasing liquidity in the private equity market.

    Articles

  1. Releasing the third arrow

    trueRatification of the Trans Pacific Partnership will present sustained opportunities for foreign asset managers to capitalize on a resurgent Japan.

    Articles

  2. Responsible investing: In growth markets, it's common sense

    trueTo judge from various surveys, private equity funds and limited partners increasingly agree that environmental, social and governance considerations are a crucial component of their investment process and practices. To borrow from the title of a recent PricewaterhouseCoopers study, however, fund ...

    Articles

  3. Technology outsourcing without giving away the farm

    trueHow is it possible to introduce a myriad of new operational and compliance-related spending to the overall organizational structure in response to the changing regulatory environment, while at the same time reducing expenses and costs?

    Articles

  4. It's time to bust the myth that assumptions drive pension costs

    trueThere’s a lot of talk these days about public pension plans, the size of their unfunded liabilities and the level of their costs. It’s appropriate that policymakers and policy influencers focus their attention on, “What to do?”

    Articles

  5. ESG investing: momentum, barriers and drivers to action

    trueWhen it comes to factoring environmental, social and governance criteria into investment decisions, momentum keeps building in the investment community. From climate change to human rights, ESG issues matter more and more in today’s highly scrutinized stakeholder and global business environment, ...

    Articles

  6. Getting smart on smart beta

    trueAs smart beta continues to gain momentum, particularly in the institutional market, now is the time for investors to get smart on smart beta.

    Articles

  7. Diversified portfolios of hedge funds for small and large asset allocators

    trueHedge funds — and any other asset or investment strategy for that matter — should be included in a portfolio until the marginal benefits of additional investment equal the marginal costs of additional investment.

    Articles

  8. Finally, a practical solution for decomposing returns into alpha and beta

    trueFor an industry that uses the word “alpha” like it's going out of style, I find it amazing the asset management profession has made so little progress when it comes to actually trying to measure it in practice.

    Articles

  9. Estimating future costs at public pension plans: Setting the discount rate

    trueLooking more closely at the views of financial economists, it becomes clear that using an estimated rate of return to discount future pension liabilities is not misleading.

    Articles

  10. Insurers' alternative imperative

    trueAlternative investments appear in many respects to constitute, for lack of a better term, the most plausible alternative for insurance portfolios today.

    Articles

  11. Why European equity markets deserve a second look

    trueEuropean growth is low by any standards. We expect 1.2% from the eurozone this year, in line with the latest International Monetary Fund forecast, while the fund is looking for 2.4% from the advanced economies as a whole and 3.6% from the U.S.

    Articles

  12. Feeling the pressure to raise the bar on multiasset-class portfolio risk analysis

    trueThere are hundreds of companies offering risk-related services to the financial services community. Yet it is not clear that any of them are effectively addressing one of the most pressing needs facing the industry today: how to accurately measure investment risk in a multiasset-class portfolio.

    Articles

  13. The big structural upside in Japanese equities

    trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.

    Articles