Risk management
Years of pain have investors questioning good news
Risk levels continued their downward trend through the fourth quarter into 2013 with no sign of reversal, according to data from Axioma Inc.
February 18, 2013
Credit-rating downgrade
The Justice Department's accusations of fraud against Standard & Poor's Financial Services LLC in issuing credit ratings on mortgage-related securities should draw attention to the investment...
February 18, 2013
Straitjacket investing: Passive has its limitations
One might ask if passive strategies, originally designed to protect investors from “hurting” themselves from active management, might well be punishing investors instead.
February 05, 2013 | 10:00 am
VIX futures, Treasuries and tail hedging
This note outlines the main issues surrounding the use of volatility futures and U.S. Treasury bonds as part of a tail-hedging program. Each approach presents a unique set of challenges and deserves...
January 29, 2013 | 09:13 am
New consultant Penbridge Advisors to specialize in pension risk transfer
Penbridge Advisors, a consulting firm specializing in pension risk transfer for U.S. defined benefit plans, opened its doors Monday.
January 28, 2013 | 02:17 pm
Getting at the heart of today's global equity markets with market indexes
A narrow set of benchmark tools has handicapped investors' ability to appropriately use indexes to understand and manage their investments.
January 24, 2013 | 12:01 am
SEI: Risk management, LDI top corporate plans' priorities in 2013
Developing a risk management strategy to control funded status volatility and implementing liability-driven investing strategies are the two biggest priorities for corporate pension plans this year,...
January 17, 2013 | 04:18 pm
IMCA awards prize in first academic paper competition
Associate professor Russell R. Wermers won the Investment Management Consultants Association's $5,000 academic paper competition for “Monitoring Daily Hedge Fund Performance When Only Monthly...
January 10, 2013 | 03:23 pm
Better core allocations: Feasible modern portfolio theory via risk parity
Too many investors are missing out on the only free lunch in finance: diversification.
January 03, 2013 | 12:01 am
An impulse to help
Can a pension fund serve two masters? New York City Teachers' Retirement System will try.
December 24, 2012
Orange County Employees pension fund to reissue risk management RFP
Orange County Employees Retirement System later this week will reissue an RFP for a consultant to provide risk monitoring and risk management advisory services.
December 18, 2012 | 03:02 pm
Tail-risk hedging: A sensible strategy for defined benefit plans?
Tail-risk events — which are loosely defined as the probability of rare events taking place that could impact a portfolio of investments — are happening more frequently these days and...
December 05, 2012 | 12:01 am
Split of alpha, beta shifting more risk back to money managers
Institutional investors are increasingly separating beta and alpha in their fee structures to shift more of the investment risk back to their money managers.
