Opinion

  1. 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, ...

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  1. Factor-based investing needs a hard look

    trueInstitutional investors should not rush into factor-based investing, the hot new thing being offered by many money management firms.

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  2. 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.

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  3. 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.

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  4. Gentle persuasion necessary on retirement goals

    trueThe latest Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Matthew Greenwald & Associates shows employees' confidence in their ability to afford to retire increased last year. That confidence could be misplaced; less than half have tried to figure out how much ...

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  5. Knowing the difference between 2 facets of the fiduciary standard

    truePresident Barack Obama's remarks on Feb. 23 about the Department of Labor's re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. Obama singled out great advisers who are doing the right thing for their clients. He then changed ...

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  6. Concerned? Please speak up

    trueThe Department of Labor has taken a welcome step in protecting the retirement assets of workers with its proposed new fiduciary rule.

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  7. 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.

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  8. 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.

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  9. Reports of private equity's death are greatly exaggerated

    trueWith so much going on in the markets — quantitative easing abroad, continuing calls for belt-tightening here, the kickoff to the presidential sweepstakes, a rising dollar, the collapse in oil prices — perhaps it's not surprising some pundits are proclaiming the death of private equity as an asset ...

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  10. It's time for leadership

    trueThe time has come for Chicago Mayor Rahm Emanuel to exhibit leadership.

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  11. Monetary policy: It's all relative

    trueWe have each separately made the case that asset pricing theory and investment practice for funding retirement should focus on how much income the member has in retirement instead of the amount of wealth at retirement. This applies whether the pension benefit is generated by a defined benefit plan ...

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  12. Chicago: A model city for bridging the financial education gap

    trueIn Chicago, we are doubling down on bridging the financial education gap from the classroom to the kitchen table.

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  13. 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.

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