The acquisition of Ennis Knupp by Hewitt Associates, which will see the retirement of its founder Richard Ennis, is a defining moment in the investment consulting world, as clients demand the closer alignment of liability and asset management and greater attention to alternative asset research.
Ahoy! Opportunities in dock for shipping investors
Investing in ‘distressed shipping’ is a variation of the current capital scarcity theme, Mercer says. (click on the photo for more…)
Systematic rebalancing is not necessarily best way to go
The value of systematic rebalancing of portfolios to bring them back closer to strategic allocations has been questioned in new research by Morgan Stanley.
If macro is back, who you gonna call?
Is stock picking dead? Fiduciary investors should be starting to wonder, given the cross-sectional volatility of markets over the past three years. But this seems counter-intuitive. Managers have told us we are in a “stock-picker’s paradise”.
Beating risk with alternatives
In an attempt to reduce tail risk, a large US west coast endowment allocated up to 15 per cent to a Man Investments’ portfolio of alternative strategies that includes global macro and managed futures. Inflation considerations for asset allocation
The first of a two-part series by AQR provides some analysis for investors deciding how to position a portfolio for various inflationary environments, and clarifies some misconceptions about inflation, and inflation-linked assets. The second paper will discuss the potential risks and rewards of holding various assets during distinct economic environments. Inflation in 2010 and Beyond (pdf)
