Latest White Papers
Published by: Vanguard
This paper address Vanguard's rationale for appropriate glide path construction, asset class diversification, and the benefits of a passively managed approach. The authors also discuss packaged versus customized Target-date funds.
Published by: HSBC
Many U.S. plan sponsors would do well to consider increasing allocations to global bonds while decreasing equity exposure. Our analysis demonstrates that their addition may improve risk-adjusted returns while providing a better match to a typical plan's liabilities.
Published by: Cohen & Steers
Over the past decade, investors have allocated to commodities to enhance portfolio diversification, hedge against unexpected inflation or event risk and participate in the secular bull market for basic materials. Framing this rationale, we make the case for an actively managed approach grounded in fundamental research.
Published by: Powershares
From filling up your gas tank to eating corn at dinner, everyone is affected by commodities. This special report discusses why now many think of commodities as an independent asset class.
Published by: CenterSquare
CenterSquare's latest white paper asserts that we have moved out of an Era of Acquisition, in which the Global Financial Crisis produced abundant private real estate opportunities for any investor with capital and the willingness to invest it. Instead, we are now in an Era of Execution, in which there are numerous value-add properties with the potential for significant total returns, but only for those with the experience, real estate acumen, and active management skills to realize them.
Published by: QMA
At QMA, our macro view remains bullish, but that does not mean we are complacent. All bull markets end. Assessing what might lie a few years down the road, we investigate: What might cause the next bear market?
Published by: MFS
"Lengthening the investment time horizon" highlights the way in which investors are increasingly short term in their orientation, posits reasons for this, and argues that an investment arbitrage opportunity exists for differentiated performance when securities are held for longer time periods.
Published by: TIAA-CREF
Private real assets - farmland, timberland, and commercial real estate - can offer powerful diversification benefits. Advantages include the potential for low correlations, inflation hedging, and superior risk-adjusted returns - relative to traditional asset classes. This paper provides valuable insight on structuring real asset investments in institutional portfolios.
Published by: INTECH
A 'smart beta' approach aims to provide investors with a 'different' - yet still systematic - equity exposure than traditional cap-weighted indices. We explain that these weighting schemes are not new and have, in fact, been around for more than 30 years.
Published by: Russell Investments
Thousands of corporate pension plans in America have been frozen, while many others are considering such a step. Russell's Frozen Plan Handbook serves as a simple guide for those who have already frozen - or are considering freezing - their pension plan.
Archived White Papers by Topic
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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