Asset Allocation
Equities sell down
To better manage downside risk, the second-largest UK local government pension scheme has a plan to gradually alter its equity allocation.
Sarah RundellFebruary 12, 2016
FIS Oxford 2015
Macro diversification: How do investors diversify risk?
“Geopolitics does matter and how to navigate geopolitical events on a portfolio is challenging,” argues Tom Clarke, partner and portfolio manager at William Blair speaking at the Fiduciary Investors Symposium at Rhodes House, Oxford University. In a session dedicated to macro strategies for investors to best navigate today’s complex investment universe and diversify risk, Clarke argues that “hiding” from […]
Sarah RundellApril 21, 2015
Uncategorised posts
Traditional risk measures flawed
The traditional method of using aggregated monthly data to measure long run risk is flawed and inaccurate, according to important new research by State Street. Co-authors David Turkington, Will Kinlaw and Mark Kritzman have found that there is a huge divergence in risk and return over long periods, which is not visible when using measures […]
Amanda WhiteDecember 10, 2014
FIS Harvard 2014
The biggest risk for investors is misunderstanding uncertainty
As the focus of retirees shifts ever-further towards objectives-based outcomes, those entrusted with achieving those objectives will have to rethink a traditional approach to managing money involving risk and return trade-offs. Speaking at the Fiduciary Investors Symposium (FIS) at Harvard University, Abdallah Nauphal, chief executive and chief investment officer of Insight Investment, a BNY Mellon […]
Simon HoyleOctober 28, 2014
Uncategorised posts
The OECD’s plan for long-term investment
G20 financial ministers and central bank governors welcomed the findings of the G20/OECD roundtable on institutional investors and long-term investment last month, which included clear plans to incentivise institutional investors to undertake more long-term investments. The roundtable, “From solutions to actions: implementing measures to encourage institutional long-term investment financing”, held in Singapore recognised that long-term […]
Amanda WhiteOctober 8, 2014
Uncategorised posts
The changing nature of fixed income
As the fixed income asset class undergoes rapid change and the opportunity set expands, unconstrained bond funds have become popular. But as this article examines, with that expanded opportunity set comes new considerations including a wider risk/return spectrum among managers. Trends in the global investment universe tend to come around every six months or […]
Amanda WhiteAugust 29, 2014