All Special Report articles – Page 98
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Special Report
Commodities: Beyond oil
Lynn Strongin Dodds considers the extra diversification benefits available from commodities with weaker links to the industrial cycle
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Commodities: Whipping up the amber waves
Commodity futures investors are not ‘evil speculators’, finds Martin Steward. But do they enable the farmers who are?
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Learning from Vedanta
Nina Röhrbein examines the rights of indigenous people, an important issue as natural resources become scarcer, forcing exploration of the world’s remoter regions
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France: Same game, new playing field
Legislation passed late in 2010 completely changed the FRR’s purpose and liability stream. Martin Steward spoke with its CIO about the consequent re-tooling of its investment strategy
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Special Report
Risk Parity: Missed opportunity?
Investment managers are launching risk parity funds in response to investor demand in the US market place. Matthew Roberts wonders why there hasn’t been the same level of demand in the UK
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Special ReportRisk Parity: Risk parity, risk management and the real world
AQR’s Adam Berger, Michael Mendelson and Daniel Villalon discuss risk, and the practical challenges of managing it successfully
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Risk Parity: Taking the long view
In the wake of the latest market crash, the name alone garnered a lot of attention for risk parity from US investors. But as investors calm down, reassured by rising equity markets, Stephanie Schwartz asks if it has staying power
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Longevity: Lives of the SAINTs
At four million, the small population of Denmark is not a reliable dataset for longevity projections. Rachel Fixsen finds out how ATP went global for a better model
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Special ReportLongevity: Live long… and prosper?
Individual circumstances can make a decade of difference to how long we live after retirement. As Sarah Harper, Kenneth Howse and Steven Baxter observe, this makes simply raising the retirement age inequitable
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Special ReportRisk Parity: Taking risk parity a step further
Wegelin & Co’s Oldrik Verloop and Frank Haeusler show how incorporating active tail-risk management in the portfolio construction process can help prevent painful surprises
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Longevity: Will you still feed me?
Improving longevity is clearly a problem on the liabilities side of the balance sheet. Martin Steward looks at it as an opportunity on the assets side, both to generate return and offset risk
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Longevity: Uncertain life expectancies
In the Netherlands, sharply rising life expectancies have been an issue since 2009. Every pension fund is using its own numbers, and the Dutch Central Bureau of Statistics (CBS) forecasts diverge from the Dutch Actuarial Association’s. André de Vos tries to sort the confusion
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Special ReportRisk Parity: Risk parity and portfolio design
Sanjoy Ghosh of PanAgora Asset Management explains how the risk parity methodology can be used to create a diversified and risk-balanced portfolio, without sacrificing returns
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Special Report
Taking climate change in your stride
Nina Röhrbein looks at Mercer’s project to help institutional investors tailor their investment portfolios to manage the risks as well as exploit the opportunities thrown up by climate change
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Longevity: Beyond buyout and buy-in
The time seems right to develop an international secondary market for longevity risk that allows pension funds to deal with the downside of longer lives, writes Mariska van der Westen
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Risk Parity: Nice idea, awkward reality
The tweaking and adjustments managers force upon ‘risk parity’ strategies betray the risks at the heart of the concept, writes Joseph Mariathasan
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Risk Parity: Case study: ATP
Risk parity alone cannot do the trick of maximising risk-adjusted returns and minimising the risk of large drawdowns. Henrik Gade Jepsen describes the additional pillars on which ATP’s investment approach rests
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Risk Parity: Case study: Alaska Permanent
When the Alaska Permanent Fund revamped its asset allocation, two risk parity specialists were among the managers selected for the new strategy. Stephanie Schwartz reports
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Special Report
Longevity: Age concerns
In Europe, Germany faces the most pressure to deal with an ageing population finds Jonathan Williams
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Special ReportRisk Parity: Achieving targeted returns with an ‘All Weather’ asset allocation
Bob Prince and Paul Ross discuss the approach of Bridgewater Associates, founder of risk parity
