In a previous post, I examined how to assess the liquidity requirements of a pension fund at the total fund level. In this post and the next one, I’ll explore two different methods for managing the liquidity risk of a fund of direct (less liquid) investments.
Risk allocation helps add alpha in good times and bad
One plan sponsor's take on the active side of smart beta.
Burton Malkiel and Kal Ghayur debate the ins and outs of factor indexes
Study points to honesty problems at banks
A realistic expectation about future stock returns.
The different ways investors are using smart beta strategies
Lutz Kilian on why oil shocks don't always cause economic pain.
Amidst good news, investors give China stocks thumbs down.
Do you have a long-term plan for managing your pension fund through the ups and downs?