Institutional investors are turning to riskier assets to improve performance in the persistent low-yield environment, but they are doing so without dramatically increasing the risk level of their overall portfolios.
The five Innovator Award recipients ranged from those creating programs that sound like case studies of the awards' purpose — to drive successful outcomes for plan participants — to those proving that innovation is found in context as well as in content.
The NZ$20 billion New Zealand Superannuation Fund's program of making investments outside of its strategic asset allocation framework when markets diverge sharply from underlying fundamentals has added value since its February 2009 launch, becoming a fixture of the Auckland-based system's investment strategy, executives say.
Allianz Global Investors is carving an independent path without its sister subsidiary Pacific Investment Management Co., launching a more integrated business model across asset classes and building its own fixed-income capabilities.
The new CEO of Brandes Investment Partners LP has a challenging assignment: show that the deep value equity money manager can produce positive returns and reverse five years and tens of billions of dollars in net outflows.
Traditional active money managers will have to revise their investment approach away from seeking alpha and relative performance, which dominated the industry for decades, to meet outcome-oriented objectives, according to consultants and a new report from McKinsey & Co.
Incumbent candidates and parties largely won re-election in state and local races Nov. 6, thwarting proposals by several losing candidates to place new public employees into defined contribution plans.
The multiboutique investment manager structure has come under increased pressure in today's low-return environment, with burdens such as additional organizational complexity, overlapping capabilities and obstacles to providing solutions or outcome-oriented strategies.
In his second term, President Barack Obama faces immense challenges in reviving the economy, spurring employment and dealing with a massive federal deficit and debt that threatens to veer out of control and lead to a possible further downgrading of the government's once-AAA credit rating.
The next financial crisis in America probably will involve a large run on our money market funds, which now hold $2.6 trillion in assets. Regulators are well aware of the potential problem, but little has been done about it.
Recent rulemaking under the Dodd-Frank legislation of 2010 and the new JOBS Act give a frightening window into the way financial reform regulation has fallen victim to highly charged battles between commercial interests and investor advocates.