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Asset Allocation

What’s the impact of the stock:bond correlation?

The correlation between stocks and bonds in a rising interest rate environment can turn positive. So given the likelihood of a rate rise, what should asset allocation look like if investors are forward looking?   One of the growing trends in asset and risk allocations is to adopt a forward-looking view driven by macroeconomics, rather […]
Amanda WhiteMay 30, 2014
WPF Risk Summit

Agency risk in US public funds a formula for disaster

Agency risk in public pension funds is a big problem waiting to surface, according to Britt Harris, chief investment officer of the Teachers Retirement System of Texas. “In terms of beliefs, you have to decide whether the pension system is a profit centre for beneficiaries or a political system to influence outcomes,” he says. “Also […]
Amanda WhiteAugust 28, 2013