As active management becomes the norm, treasury management has migrated to a strategic, front-end, ROI capability in a firm.
Revamping pension policy by consolidating regulatory and congressional governance is a good starting point for the U.S. retirement system.
As the Biden administration works to reverse ideological policies of the Trump era, the SEC should uphold Jay Clayton's practical policies.
Though pension funds are increasingly engaged on ESG issues such as climate change, challenges remain.
There is growing interest in natural climate solutions and nature-based solutions to address societal and ecological challenges.
Lower rates of return on financial assets mean that Americans saving for retirement will have to save more — a highly unlikely scenario.
PEPs will enable pooled plan providers to leverage size and resources to potentially enable better retirement outcomes for all Americans.
There are material items and processes to be determined with the LIBOR switch, but there is reason to believe investors should not be worried.
Most investors are underexposed to Chinese equities but there are solutions, including overweighting A shares or modifying EM allocations.
It is increasingly apparent that a return to normalcy and in-person site visits could take much longer than anticipated.
Under a new president, Congress should build on its prior work and make 401(k) and other defined contribution plans more like real pensions.
Private equity firms that understand withdrawal liability and how to mitigate associated risks face less competition in the marketplace.
Declining U.S. oil production and increased focus on energy transition create new risks for the world and new opportunities for investors.
The most effective tail-risk strategies provide a highly convex payoff profile with respect to the downside equity exposure of the fund.
Studies show, and experience bears out, that failing to robustly work with people of color costs returns.
Emerging markets face the question of whether the pandemic is a one-off event or an accelerator for change that will generate new risks.
Implementing a well-diversified portfolio to weatherproof against market shocks is more difficult than widely assumed.
Real manager diversity will only occur when allocators employ more defensible criteria and demand the same from their consultants.
Reducing costs is a primary goal for all managers, and technology can help with evolving regulations that make it harder to achieve.
Sector demand fundamentals and silver linings resulting from COVID-19 provide a compelling case for investing in senior housing.
Unprecedented stimulus has prompted a debate about whether the COVID-19 crisis will lead to deflation or spark inflation.
With continued low interest rates, investors' allocations to private credit will continue to increase at the expense of public markets.
Investors need to adequately scrutinize the methodology and the data on which ESG ratings are based.
After many years of integrating analysis of ESG risks into investment decision-making, there are key lessons for fixed-income investors.
Japan offers a deep investment universe of high-quality companies that generate sustainable earnings growth.