Latest White Papers

Managing Fixed Income

Published by: P&I Content Solutions Group

Emerging markets, duration and high yield are among the ideas discussed by Michael Hyman, head of investment grade portfolio management at Invesco, Mike Collins, senior investment officer at Prudential Fixed Income and Seth Bancroft, a research consultant at NEPC.

DC Goes Global: 10 Best Practices for Global DC Plans

Published by: State Street Global Advisors

State Street Global Advisors partnered with their multinational clients to provide 10 best practices for Global DC Plans. These guidelines help establish a strong framework for efficiently managing DC plans for a globalized workforce.

Dividend-Weighting Equity Markets: 2006–2016

Published by: WisdomTree

The question we posed more than a decade ago, and that many investors are asking today, is this: Despite great strengths compared to active managers, are cap-weighted indexes optimal from an investment perspective? Or can alternatively weighted indexes serve passive investors better than index funds based on traditional benchmarks?

The Global Credit Cycle: What Inning Are We In?

Published by: Prudential Fixed Income

All credit cycles have almost eerie similarities as well as distinct nuances. In this paper, we describe the unique characteristics of the current credit cycle and highlight how various industries are moving through the cycle at different paces.

Key to Sponsor Satisfaction: A retirement advisor's guide to unlocking sponsor secrets

Published by: Wells Fargo Asset Management

Looking for the key to unlock sponsor satisfaction? The Formulas for Satisfaction guide reveals what sponsors expect from top retirement advisors and provides actions you can take to improve your relationships.

Currencies are a Zero Sum Game

Published by: Berenberg Asset Management LLC

Are currencies a "zero sum game"? In this short paper, 30 year currency pioneer and CEO of Berenberg Asset Management, Gary Klopfenstein, addresses this question as it relates to the management of currency risk in a global portfolio. This paper is a must read for any institutional investor with a global investment allocation.

Retirement: From the mind of the TDF investor

Published by: Vanguard

In this third of three papers, Vanguard experts present key findings from Vanguard's target-date fund investor survey.

China's debt problem may be different from what you think

Published by: BNP Paribas Investment Partners

Debt arises when an economy transforms its savings into investment. Some observers argue that China’s debt-to-GDP ratio, estimated at close to 250% in 2015, has reached a point that could soon trigger a systemic collapse. This paper goes back to the basics to assess the situation.

Preqin Special Report: Investor Analyst- See How Investment Strategies Measure Up

Published by: Preqin

Gain valuable insight into the portfolio construction, alternative asset allocation evaluation and investment activities of institutional investors based on the results of a recent Preqin survey. This report also features case studies comparing different investors utilizing Preqin's industry-leading data.

Not All Quality is Created Equal

Published by: Jensen Investment Management

At Jensen, we define quality somewhat differently. We invite you to read the article below, as we explore the pros and cons of our unique definition of quality and how it relates to the broader market landscape through various market cycles.

Long-Termism Versus Short-Termism: Time for the Pendulum to Shift?

Published by: S&P Dow Jones Indices

Corporate sentiment, investor holding data, and secular trends highlight the short-term pressures companies face. A coalition of large-asset owners has realized the need for change and has put forth its recommendations on how the asset owner community can adopt long-termism principles.

Evaluating Multi-Asset Strategies

Published by: Standard Life Investments

As more investors recognize the potential benefits of a multi-asset approach, we explore how best to assess multi-asset outcomes. Investors should look beyond simple correlation to deepen understanding of the strategies and gain real insight into their underlying drivers.

Expanding the Case for Stable Value - What drives decision-makers to embrace stable value

Published by: Prudential Retirement

What drives decision-makers to adopt stable value funds? That is the question at the heart of Prudential Retirement’s latest research paper, Expanding the Case for Stable Value: New Insights into What Drives Decision-Makers to Embrace Stable Value Funds.

Reducing Pension Risk: The Five Myths Holding Back Plan Sponsors

Published by: Prudential Retirement

This paper demonstrates that conventional wisdom about de-risking DB plans is often false. Invalidating the "five myths" can help broaden the range of options that DB plan sponsors are willing to evaluate when formulating their long-term pension strategies.

Managing Volatility

Published by: P&I Content Solutions Group

The sharp drop in stock prices at the beginning of the year, followed by a quick rebound, led many investors — both institutional and retail — to conclude volatility had once again reared its ugly head. In this round table discussion, Paul Ehrlichman from ClearBridge Investments, Tom Lee from Parametric, and Jeffrey H. Snyder from Cammack Retirement Group, discuss how investors — and their portfolios — can weather the storm.

IQ Magazine: The New Investment Reality

Published by: State Street Global Advisors

Today's low-return and volatile markets are prompting investors to reconsider traditional investment approaches.Our latest issue of the Investment Quarterly Magazine focuses on a growing movement toward factor-based investing.

The Resurgence of Non-Agency Residential Mortgages and RMBS

Published by: Angel Oak Capital Advisors, LLC

The 2007-2008 housing crisis led to the near disappearance of non-agency mortgage origination. Almost a decade after the crisis, however, non-agency lending and securitizations are making a comeback with much more stringent underwriting criteria and present a unique investment opportunity.

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All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.

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