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.
This latest Outsourced Chief Investment Officer (OCIO) report features just over 100 firms managing industry assets of $3.27 trillion as of March 31, 2021, an increase of 15% over the prior six months. An OCIO company guide is also included in this article.
This paper provides a robust and practical framework for assessing performance fees. The fee valuation uses standard option pricing models and therefore does not require any expected return or alpha estimate. Dimensional Fund Advisors discuss the incentive impact of performance fees and caution against the unintended…
The Thinking Ahead Institute 500 is an annual research study of the world’s 500 largest asset managers (AMs). This edition covers trends and assets under management (AUM) for 2021.
In this paper, Aviva Investors explain why investors should look more closely at the portfolio construction process when evaluating corporate credit managers, focusing on three primary themes. First, many credit managers are vulnerable to behavioural biases that make them overly optimistic about their ability to forecast…
Research has shown that the way asset owners deal with their asset managers often leads to adverse outcomes for both. This paper introduces an innovative framework which plays a key role in achieving a stronger alignment between an asset owner and their asset manager. The framework has been designed to offer a strong…
In this webinar for investment marketers, Savvy Investor’s Head of Research, Matthew Kimbrough, will be delving into the Investment Content Trends we are seeing as of Q3 2021.
He’ll be providing unique insights and market intelligence viewpoints, derived from Savvy Investor’s own data and observations. Designed to…
Norges Bank, the formal name for Norway's Government Pension Fund, performs a global literature review on portfolio delegation and examines the impact of benchmarked compensation on manager incentives, portfolio choice, and asset prices.
This edition of Vista carries 10 articles. Highlights include: latest developments in finance and markets, CBDCs and government digital currencies, social ESG in portfolios, and the outlook for inflation.
The re-emergence of cryptocurrencies and their eye-popping returns has once again captured the attention of the institutional investment community. While the adoption and growth of the digital assets’ universe are still in their very early stages, considerable operational improvements have transformed the space from one that…
If you ran your IPS through a stress test, would it be strong enough to withstand the pressure? This blog offers four considerations to help determine how robust an IPS is. The overarching theme among them is thoroughness: Thoroughness around the investment programme’s governance, oversight, investment management, and…
Don Ezra and Rich Nuzum have stood at the highest perch in the world of consultants. Ezra’s decades at Russell and Nuzum’s current role in leadership at Mercer span the dawn of the retirement investing consultancy to the present day, where trillions of dollars are invested in defined contribution plans. They’ve spent the…
To help demonstrate the potential benefits of a multicomponent LDI approach to retirement plan management, Manulife IM commissioned Bayes Business School to construct a model based on the latest academic research. The results of the model form the basis of this paper.
Investment consultants are critical stakeholders in the investment chain, advising institutional asset owners on a range of issues, including the selection, appointment and monitoring of external managers. They can play a key role in supporting asset owners to develop responsible investment practices, and to assess their…
With just weeks to go until the highly-anticipated climate conference, PRI host Liz Barnes and Sagarika Chatterjee, PRI’s Director of Climate Change and COP26, discuss the PRI’s policy expectations for key markets ahead of COP26, how to protect the world’s most vulnerable communities and the good news expected out of the…
Despite a global pandemic and skyrocketing valuations of targeted firms, the trend toward consolidation in the retirement advisory landscape continued in 2020. Led by a small but powerful group of 15 firms commonly known as 'aggregators', these firms now manage $1.7 trillion in retirement assets. Aggregators have…
China position 2021: Sustaining institutional interest is an Economist Impact report, sponsored by Invesco. The report is a follow-up to 2019’s China position study. For the 2021 research, a survey was conducted of 200 asset owners (pension and sovereign funds, endowments, banks, insurance firms, etc) to better understand…
18 months on from the UK entering its first lockdown Willis Towers Watson is launching this special report on how the pension risk settlement market has fared over the Covid-19 era. They believe the market for pension risk settlement has been incredibly robust over the course of 2020 and 2021, as well as offering some…
Biodiversity loss is emerging as a key risk particularly given the global economy’s dependence on it and its interconnection to climate change risks. In this webinar, JANA provides an overview of biodiversity, introduces the TNFD process and implications, and looks at the potential risks and opportunities for asset owners.…
For women in finance hoping to become chief investment officers, it’s a long hard road. This article lists female CIOs with Yale degrees, their office experience as well as investment performance.
Adam Berger, Multi-Asset Strategist, muses on the trends and changes he is currently observing in asset management and opines on those that he hopes might develop over the next three to five years.
