Exposure to generic asset pricing factors can help deliver risk-adjusted returns, according to Ryan Taliaferro, senior vice-president and director of investment strategies at Acadian Asset Management, speaking during the Canadian Investment Review’s 2024 Risk Management Conference. These products tend to be available off the shelf in commercially available risk models and are typically marketed by exchange-traded […]
As global markets navigate turbulent economic waters, active management is proving once again to be a lifeline for institutional investors to ensure their portfolios ride out the storm. Pension funds are currently operating amid uncertainty and potential risk, says Ruslan Goyenko, an associate professor of finance at McGill University’s Desautels Faculty of Management. “There are […]
Despite pension funds navigating a “swim-at-your-own-risk” environment with a lower probability of positive returns, they can’t just stop and sink — they have to keep swimming, said Karin Sullivan, vice-president of fixed income at Trans-Canada Capital Inc., during the Canadian Investment Review‘s 2023 Investment Innovation Conference in November. “[These financial challenges] have been going on now for two […]
Since defined contribution plan members will experience a wide variety of market conditions over the course of their working lives and into retirement, it’s important for the strategic asset allocation of target-date funds to be diversified and able to stand the test of time, according to Jon Knowles, institutional portfolio manager for global asset allocation at […]
As pension plan sponsors are well aware, most of a plan’s risk is in its asset allocation. So why don’t more plans spend more time managing that risk? Arun Muralidhar, co-founder of Mcube Investment Technologies Inc., worked for the World Bank Group’s pension fund in the 1990s but left the role before the tech bubble […]
While investors are familiar with stress-testing their portfolios for various economic scenarios from a bottom-up perspective, a new tool is now available to incorporate climate change into stress-testing scenarios from the top down. Ortec Finance, in partnership with Cambridge Econometrics, is launching a systemic climate risk scenario tool for institutional investors. It incorporates climate risks […]