Industry Voices

How pension plans can improve on approaches to LDI

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The new version of LDI has resulted in a bidding up of marginal assets and opportunities in illiquid investments.
Fees and investors: A necessary talk

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Investors' ignorance about fees is compounded by the fact most asset managers do not regularly talk about fees with clients.
Don't ignore non-U.S. equities

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There is a good chance U.S. investors have, consciously or unintentionally, allowed home-country bias to creep into their portfolios, but here's why they should reconsider.
New FX global code deserves the attention of 21st century plan fiduciaries

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Fiduciaries should not only be aware of the FX Global Code of Conduct, but also comply with it and ask others to comply with it.
Playing the long game: The case for ultralong Treasuries

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If well executed, issuing ultralong Treasury bonds could be a boon for many institutional investment markets in the U.S. and around the world.
Are free private equity co-investments really free?

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The benefits of some private equity co-investments might be outweighed by the drawbacks.
Our best insurance: Keeping coal in the ground

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Many insurers support the Paris climate agreement. But the industry has a blind spot: its continued support for the coal sector as underwriters and investors.
Reflation catalysts for real assets

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With stocks and bonds trading at or near all-time highs, many investors are on the lookout for assets that can both provide added diversification and withstand the increased risk of inflation surprise.
Reducing cyberrisk exposure from outside service partners

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Investment managers can never fully immunize their operations against cyberfraud, but actions can be taken to mitigate this risk.
Low-vol investing: Simple may no longer be beautiful

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Some institutional investors have relied on low-volatility strategies to achieve equity-like returns minus the volatility, but they are not without risk.
A rolling stone gathers no moss, but an old risk model does

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Financial markets, like species, are shaped by a continuous process of evolution, constantly changing and adapting to new sources of risk.
Flexing your global portfolio can lead to ACWI fatigue, but don't throw in the towel yet

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The underperforming MSCI ACWI has pushed investors to the limits of global endurance, so why do managers still construct portfolios to match this global benchmark?
Indexing and the evolution of active management

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Active managers who embrace the latest trends and focus on innovation, portfolio construction and multiasset strategies have the potential to do well.
As rates rise, investors scramble to lock in gains

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Investors' interest in taking gains before they disappear is growing, and shorter-duration or floating-rate products are drawing increasing interest.
 A dream of the '90s lives on: What GSTPA teaches us about blockchain

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The idea of fully automated trade processing has awoken from its long slumber with the emergence of distributed ledger solutions such as blockchain.