White papers and articles discussing issues related to investment consulting and actuarial consultants. The most recurrent theme amongst our top papers is the subject of delegated investment management services, with fiduciary management surveys and reports on investment outsourcing (OCIO) being frequently downloaded. Reports on the role of investment consultants in...
manager selection have also proved popular, covering topics such as investment consultants' recommendations of fund managers, investment consultant alpha, and how to get on the approved list of managers for selection. Other top research in this section covers trends within the investment management industry, actuarial assumptions, and the role that investment consultants play in alternative investments. Further documents consider the risk tolerance of boards, institutional decision-makers, fee structures and risk premia.
The Global Pension Assets Study covers 22 major pension markets (the P22), which now totals US$52,522 billion in pension assets and account for 80% of the GDP of these economies. The study includes an analysis of the seven largest markets (the P7) which includes Australia, Canada, Japan, Netherlands, Switzerland, UK and US…
A custom, multi-manager solution may provide some compelling benefits and enable DC plan sponsors to take their fixed income offering to the next level for plan participants.
The positive market performance broadly translated into good absolute returns for active fund managers. While the turmoil and disruption caused by the pandemic should have offered numerous opportunities for outperformance, 57% of domestic equity funds lagged the S&P Composite1500 during the one-year period ending Dec. 31…
The Asset Owner 100 is a Thinking Ahead Institute study which gathers data on the total assets of the top 100 asset owners around the world. Though not included in the ranking, the study also presents total assetsfor the top 10 insurers.Total assets under management (AUM) of the 100 asset owners included in the ranking…
Being an asset owner today can be mind-bogglingly complex. Life in the next 5-10 years will not get any easier. But there are practical steps asset owners can take to take control of many of their risks, exploit the opportunities out there and navigate the “Great Acceleration”. The key practical challenges for asset owners…
The authors study the long-run outcomes associated with hedge funds' compensation structure. Over a 22-year period, the aggregate effective incentive fee rate is 2.5 times the average contractual rate (i.e., around 50% instead of 20%). Overall, investors collected 36 cents for every dollar earned on their invested capital (…
The Institutional Investors Group on Climate Change (IIGCC) is the European membership body for investor collaboration on climate change and the voice of investors taking action for a prosperous, low-carbon future. IIGCC has more than 275 members, mainly pension funds and asset managers, across 16 countries, with over €35…
As part of its UBS Perspectives series, the company celebrated International Women's Day by convening a panel of leading women investors. A lively discussion about the themes that will shape the asset management industry in coming years ensued.
Over the last few years, momentum has gathered in the finance industry to play a part in pursuing a better and more sustainable future for all. In 2006, the United Nations announced its Principles for Responsible Investment, in 2015, the United Nations announced the Sustainable Development Goals and the Paris Agreement on…
Doubts about balanced funds rest on claims that the current environment of low interest rates and lower expected returns will make it difficult for a 60/40 asset allocation to continue to meet investors’ return requirements. While it is true that expected returns for many asset classes may be more muted going forward, RBC…
The ESMA Annual Statistical Report 2021 provides an overview of EU retail investment products from 2010 to 2019. With around EUR 11tn assets, Undertakings for Collective Investment in Transferable Securities (UCITS) remained the largest investment fund sector in the EU, of which more than EUR 4.5tn held by retail investors.…
This final report contains proposals aiming at clarifying the MiFID II provisions relating to OTFs and, more generally, multilateral systems to ensure efficient EU market structures and to enhance the level playing field between all firms operating in the EU while reducing the level of complexity for market participants.
This white paper summarises the actions global asset owners and managers have taken to integrate systemic trends into their investment and risk management processes. Trends covered include climate change, interest rates, technological evolution, demographic shifts, geopolitics, water security, and the Covid-19 pandemic.
Clifford Chance explains that “quick fix” amendments to MiFID2 to support economic recovery from the COVID-19 pandemic have now been published in the Official Journal. The scheduled review continues, with the Commission expected to publish a further legislative proposal towards the end of 2021.
In this extract from a recent webinar, Clifford Chance experts discuss the latest developments in green and sustainable financial products and the impact of upcoming European legislation.
In episode 24 of Hymans Robertson On…Victoria Panormo, Senior DC Investment Consultant, presents the next in a mini-series on DC master trust providers. Victoria welcomes Roger Grosvenor, Business Development Manager at Options Pensions, to discuss meeting the needs of under-supported areas of the pensions market, what…
This paper explores best practice governance for invesment committees (ICs) and sets out a core best practices checklist which all types of ICs (including those run by asset managers) can follow to improve their chances of better outcomes.
The world has faced unprecedented challenges over the past year, as governments grappled with containing the outbreak of Covid-19, economic growth slowed, and geopolitical tensions increased. For Hong Kong, social unrest and a strained US-China relationship added to the challenging environment. Despite these significant…
This webcast is the second installment of CAIA SoCal's series on pensions, and features panelists Zack Ellison of Applied Real Intelligence LLC, Blair Smith of Promethean AB Strategies, LLC, Cheryl Alston of Dallas Employees' Retirement Fund, Jasmine Richards of Cambridge Associates, and Guy Pinkman, also of…
In a year that brought a pandemic, volatility, and policy stimulus, asset prices rose nearly across the board. However, positive absolute returns did not necessarily translate into success for active managers relative to their benchmarks. According to the SPIVA U.S. Year-End 2020 Scorecard, most active fund managers in the U…
