Risk management news and video from Pensions & Investments
More than half of Canadian pension funds eye further derisking measures
trueSeventy-one percent of Canadian defined benefit plans surveyed by benefits consultant Morneau Shepell said they've taken steps to derisk their plans since 2008.
Deloitte, Penbridge Advisors form pension risk transfer alliance
trueDeloitte and Penbridge Advisors announced on Tuesday a strategic alliance to provide pension risk transfer services for corporate defined benefit pension plans.
Factor-based approach gains momentum
trueTrends in academic research are steering portfolio management to a more factor-based approach, challenging concepts of risk and return, and bringing more transparency and expectations of better performance.
Ibbotson: Less liquidity doesn't mean more risk
trueAcademic research has long influenced portfolio management, including the development of modern portfolio theory, optimizing the risk and return relationship in investing.
Debate continues on underlying reason for factor investing
trueAcademics debate the underlying reason for elements of factor-based investing, including size, value, liquidity and profitability, said Tobias J. Moskowitz, Fama Family professor of finance, University of Chicago, Booth School of Business and research consultant of AQR Capital Management LLC, ...
Absorption ratio getting new converts
trueThe markets currently look “resilient,” a condition that should give investors confidence to pursue aggressive risk-seeking strategies with little chance of a shock exposing them unprepared for loss, according to Mark Kritzman.
Acadian's Baker explores anomaly of low-risk stocks: Returns are pretty good
trueMalcolm P. Baker, Robert G. Kirby Professor of Business Administration, Harvard Business School, and director of research, Acadian Asset Management LLC, Boston, finds a puzzle in the lack of arbitrage between high- and low-risk stocks.
Moody's: Public pension plans lag corporate plans in managing credit risk
trueCredit risks related to pension liabilities will be a bigger problem for governments than for corporations for at least another decade, according to a new report from Moody's Investors Service.
Funded status volatility falls for second straight month
trueNISA Investment Advisors' Pension Surplus Risk index fell 40 basis points in March to 9.4%.
BofA: Ukraine crisis driving managers to reduce risk in portfolios
trueFund managers are showing less optimism for global corporate profits, and are increasing cash allocations and reducing equity holdings as a result, according to Bank of America Merrill Lynch's monthly fund manager survey.
Aviva agrees to $8.4 billion longevity swap for its pension fund
trueAviva PLC, London, agreed to the largest ever longevity swap for its defined benefit Staff Pension Scheme, transferring the risk of 19,000 members to three reinsurers.
Upping the ante on implementation of derisking process
trueMany ERISA pension plans are now implementing specific formulas called “glidepaths” to automatically shift funds to fixed income from growth assets as the plan's funded status increases. The goal, of course, is to reduce funded status risk — i.e., to decrease the chance plan sponsors will face ...
Chatham Partners survey: DB plans open to bundling, if convinced of benefits
trueBundled defined benefit and total retirement outsourcing opportunities remain a strategically viable market for service providers over the next five years, provided plan sponsors are properly briefed on the advantages, according to a Chatham Partners survey.
Pension buyouts priciest in U.K., index shows
trueThe U.K. is the most expensive country for pension buyouts, according to a new buyout cost index created by Mercer.
Specter of 2008 still drives institutional investors to focus on risk, study finds
trueRisk is dominating the investment conversation among institutional investors, and the financial crisis of 2008 still remains the main reason almost six years later, according to a study released Tuesday by Bank of New York Mellon Corp. in collaboration with Harry Markowitz, 1990 recipient of the ...