Defined Benefit Plans

High Conviction Active Management Asserts Strength Over Time

Published by: ClearBridge Investments

Arguments against the ability of active strategies to outperform market benchmarks fail to differentiate the many active management approaches available to investors. A recent ClearBridge analysis identifies turnover rate and number of holdings as determinants of performance among active strategies.

Harvesting return premiums in private credit

Published by: CPP Investment Board

As a leading investor in private credit, learn why CPP Investment Board is attracted to the asset class in this Q&A with CPPIB's John Graham, Managing Director and Head of Principal Investments. Hint: Solid-risk adjusted returns is a significant factor.

Generating Passive Alpha in the Core of a Portfolio

Published by: WisdomTree

This paper examines the philosophical and fundamental underpinnings for the creation of the WisdomTree fundamentally weighted Indexes, showcases the impressive performance track record generated, indicates the factors we believe drove performance, and concludes with how we think these strategies fit into the U.S. equity market context today.

Rethinking Longevity Risk: A Framework to Address the Tail End

Published by: S&P Dow Jones Indices

With the significant improvement of human lifespan, traditional retirement thinking does not adequately take into account the need for providing for the tail end of the lifespan in the form of a stable stream of retirement income.

Revisiting the Global Credit Cycle

Published by: PGIM Fixed Income

Find out how new, pro-growth U.S. policies could accelerate the current credit cycle, requiring increased attention to tail risk in fixed income portfolio construction.

Populism and the Threat to Globalization

Published by: Standard Life Investments

What is driving the rise of populist parties in Europe, the election of President Trump, Brexit? We explore these issues alongside social and cultural changes globally and consider the implications for the future of globalization and for markets.

Beyond Labels: Advancing Your Approach to Target-Date Evaluation and Selection

Published by: American Century Investments

Overview of four common labels to better compare TDFs – and advance the manager selection process.

Borrowing to Fund Pensions Could Enhance Shareholder Value

Published by: Prudential Retirement

In today’s low interest rate environment, sponsors of underfunded pension plans can borrow at attractive rates and contribute the proceeds to their pension plan, thereby reducing or even eliminating their pension deficit, while having the potential to create shareholder value.

Central Banks of the World: Yield to the Markets!

Published by: Prudential Fixed Income

Are overzealous monetary policies contributing to market volatility? Are the aggressive policies of the BoJ and ECB inflicting more harm than good? We also consider where policies are headed next and why this should support the bond markets.

Fooled by Conviction: The pitfalls of “high conviction” investing

Published by: S&P Dow Jones Indices

Active management advocates say managers should hold portfolios of just the securities in which they have the highest confidence. But growing “high conviction” investing is likely to increase risk, make manager skill harder to detect, raise asset owners’ costs, and reduce the number of outperforming funds.

Key Fault Lines in the Global Earthquake Zone

Published by: Prudential Fixed Income

Slow economic growth. Mountains of debt. Central bank buying. Negative bond yields. Rising inequality. Find out how the macroeconomic and policy failures of developed economies led to rising political risk, how these risks interact, and the implications for fixed income strategies.

LDI Implementation—Managing Surplus Volatility by Reducing the Drawdown Risk of Growth Assets

Published by: QMA

The funded statuses of defined benefit plans continue to struggle. QMA's US Market Participation Strategy—with its asymmetrical return profile and low correlation to other growth assets—provides an effective solution for draw-down risk while still seeking long term returns.

Mapping the Boundaries Between Education and Advice Under the New Fiduciary Rule

Published by: PNC Retirement Solutions®

The Department of Labor set a clear framework for defining when communications to retirement plan participants and IRA owners constitute advice. Knowing where the line is drawn between communications that trigger fiduciary status and those that do not will be an important element in managing your fiduciary risk exposure.

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