First he convinced some of us that cap-weighted indexing doesn’t work, now Rob Arnott, the founder of Research Affiliates, is back with more bombshells – that the equity risk premium, as we came to know it, is gone and not hurrying back; and that emerging market debt is “objectively a better credit risk” than US Treasuries, at a higher yield to boot.
Ontario enters second phase of reform
Local pension plans have warmly greeted the second phase of pension reform in Ontario, Canada, through a bill which contains provisions such as restrictions on benefit improvements where amendments will compromise a plan’s funded position. 
The challenges of a low return environment
Institutional investors are again in a situation where virtually any combination of publicly traded investments will not meet their return goals, according to director of research at Wurts and Associates, Eric Petroff. So what should they do now?
Sustainable investing: positioning for long-term success
A new VisionFocus report by State Street leverages new research by State Street Global Advisors to examine the growing impact of environmental, social and governance concerns on the investment decisions of institutional investors.
Vive la (pension) revolution
France’s penchant for social demonstration targeted pension reform this week, with more than one million people striking over proposals to increase the retirement age from 60 to 62. The scenes could act as a warning to other countries with similar pension shortfalls.
Top 20 managers lift share of global market
The largest 20 funds managers in the world lifted their combined market share last year as the industry recovered from two years of funds under management outflows. 
