Wouter Klijn - Investment Innovation Institute

The Rise of 3D Printing

NZ Super stands by Strategic Tilting

Asset Allocation & Strategy, Asset Owners, Chief Investment Officers, Pacific Region

In a five-year review of NZ Super, Willis Towers Watson asked the board to confirm whether they are still comfortable with the portion of active risk allocated to tilting. We speak to CEO Matt Whineray about the future of this program.

M Cargill Philanthropies Expands Risk Premia Portfolio

Asset Owners, Chief Investment Officers, Factors, Quant & Systematic

US-based charity fund Margaret A. Cargill Philanthropies has expanded its risk premia strategies with the volatility risk premium and addresses concerns over these factor investing. “We can’t expect absolute positive returns year in year out,” CIO Michael Ruetz says.

Wouter Klijn, Director of Content at the Investment Innovation Institute [i3]

If You Can’t Stand the Heat…

Editorial

The publication of the APRA Heatmap has caused a fair amount of criticism, ranging from interpretation of metrics to large scale market distortion. Is this simply a matter of people resisting change or is there more going on?

2019 – Year in Review

Editorial

Which articles do you think were most read during the year? The answer might surprise you.

CalSTRS Evolves Risk Mitigation Strategy

Asset Owners, Factors, Quant & Systematic, Financial Crisis, Innovation

CalSTRS portfolio manager Carrie Lo looks back on how markets tested the risk mitigation model. But the US pension fund stuck with it and has now expanded the strategy, adding systematic risk premia strategies to the portfolio.

It’s Time to Sin a Little

Equities, Factors, Quant & Systematic

AQR has always questioned the merits of factor timing, stating it is too difficult to do consistently well. But valuations have now become so irrational that even they believe a skew towards value is warranted. It is time to sin a little.

Life-cycle, Annuities Less Relevant For Cbus

Asset Owners, Retirement

The unique characteristics of Cbus members make life-cycle and annuity strategies less attractive to them, the pension fund’s chief executive said at the inaugural [i3] Pensions Portfolio Forum.

In Search of True Factors

Factors, Quant & Systematic

Determining the true expression of a factor is difficult, but a factor should give an investor something that traditional asset classes don’t, Janus Henderson’s David Elms says.