Category Archives: Articles

Things pension investors would like to get to the bottom of – Part 1

The conference season is up and running again. We’ve attended and delivered some presentations in the recent week at conferences for investors and trustees. What is on their agenda? We cover two debates: The right exposure with the right benchmark … Continue reading

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Deciding whether to manage your fund active or passive

This week, the LDI (Liability Driven Investments) Congress 2011 was hosted in Amsterdam, were I was invited to hold a small talk on the enduring active vs. passive management debate. The presentation covers familiar grounds. Several attendees were interested in … Continue reading

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A Tale of Values-Driven and Profit-Seeking Social Investors

Socially responsible investments (SRI) has gained headway in recent years, and is a true investment belief about the role an influence of today’s pension funds in capital markets. The debate about whether SRI is part of the fiduciary duty has … Continue reading

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Judging the manager’s investment process

Uncovering your own investment beliefs is a challenge on its own. Uncovering other funds’ or managers’ investment beliefs is an entirely different challenge. John Minahan’s 2008 paper discusses how to uncover an active manager’s belief system for two reasons:  “First, … Continue reading

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Blow to pension funds’ optimism

European pension funds say they have become more concerned about their own organisation’s ability to meet its financial objectives during the third quarter of 2010, with pessimist views outnumbering optimist views. Pension fund managers were also more negative about the … Continue reading

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