Latest Special Reports – Page 71
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Special Report
Consultants: Talking heads
IPE asks pension consultants and fiduciary managers for their thoughts on regulation of investment advice for institutions
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Special ReportFocus Group: Pension funds get smart
The days of smart beta being all talk and no action in the pensions world are long gone
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Special Report
Room for smaller players in UK's 'oligopolistic' pension consulting market
Martin Steward finds that the age of true dominance of the UK’s ‘big three’ consultants may have passed, creating opportunity for smaller providers
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Special ReportTactical asset allocation: When diversification is a better bet than timing
Practical difficulties of tactical asset allocation confirm the case for buying, holding and diversifying
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Special ReportInterview: James d'Ath, Indexx Markets
Indexx Markets’ James d’Ath talks about whether ‘smart alpha’ could strip out unwanted fund costs to deliver purified active management
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Special ReportSmart beta multi-factor portfolio construction: The tracking error factor
Dynamic risk allocation delivers the benefits of factor investing without the crippling tracking error risk
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Special ReportSmart beta: Smart enough for bonds?
Is smart beta more difficult to implement in fixed income?
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Special ReportSmart beta and fixed income: Here for the duration
Smart beta would appear to make a lot of sense in fixed income, but market peculiarities can add complexity to many of the resulting products
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Special ReportSmart beta and currencies
In currency markets there is arguably no beta, but risk-factor trading has a long history in the asset class
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Special ReportBeta, smart beta, alternative beta: Extracting equity market risk
Those who criticise the smart beta concept suggest other ways to extract equity market risk
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Special ReportSmart beta commodity indices: A smarter approach to commodity investing
Traditional commodity indices were problematic from the start, but fixing them without introducing greater complexity is easier said than done
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Special ReportSmart beta factor investing: The long and short of it
True factor investing involves short as well as long positions, yet the costs of shorting erodes much of the benefits
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Special ReportSmart beta hedge fund replication: Aping alpha
The first wave of hedge fund replication petered out nearly 10 years ago, but new approaches are reviving interest and allocations
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Special Report
Special Report ESG: Carbon Risk, Emission Impossible
When Chris Hitchen, CEO of the UK’s Railpen, thinks about portfolio fossil-fuel exposure, there is no room for moral absolutes. The discussion is “quite different” now that oil trades at $45/bbl rather than $115/bbl, he insists.
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Special Report
Special Report ESG: Carbon Risk, A changing climate
After years of campaigning, a series of recent moves from influential investors suggests that anti-fossil fuel groups are getting money on their side. Mark Nicholls looks at how the risk management and divestment movements are shaping up
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Special Report
Special Report ESG: Carbon Risk, a timeline
July 2011: The Carbon Tracker Initiative launches its seminal ‘Carbon Bubble’ report which, for the first time, puts the 2°C climate change target into a capital markets context…
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Special Report
Special Report ESG: Carbon Risk, What if we could capture carbon?
There is a big question begged by the ‘stranded assets’ thesis: What if there were no link between burning fossil fuels and emitting greenhouse gases?
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Special Report
Special Report ESG: Carbon Risk, Leaving smaller footprints
Bee-Lin Ang, Jonathan Williams and Martin Steward hear from pension fund investors around the world about why carbon and fossil-fuel risk matters, and how they are addressing it
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Special Report
Special Report ESG: Carbon Risk, A low-risk path to carbon reduction
The low-carbon index approach adopted by AP4, FRR and ERAFP aims to mitigate climate change (and career) risk, writes Liam Kennedy
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Special Report
Special Report ESG: Carbon Risk, How the low-tracking-error green index strategy works
As pioneered by the Swedish pension buffer fund AP4, low-tracking-error green indices work on a remarkably simple principle: weighting the stocks in each sector by carbon intensity (CO2 per unit of sales) and removing the most carbon-intense companies and exposure to stranded asset risk in intensity based on market cap.
