Markets Could Stabilise as Quarter End Nears Equities, Financial CrisisAs we are heading towards the end of the quarter, the chances are that stock markets will stabilise somewhat since many pension and other multi-asset funds will need to buy equities to get back to target weights. Read More
The Impact of Liquidity on Pension Funds Financial Crisis, Risk and RegulationLiquidity has become a concern for many institutional investors, who are faced with the trade war aftermath, an oil price war and the COVID-19 outbreak. Based on his experience as Head of Enterprise Risk at the Canadian investment manager AIMCo, Dr Guan Seng Khoo provides here a framework for stress testing liquidity. Read More
APRA Concerned over Super Fund SAA Asset Allocation & Strategy, Editorial, Financial CrisisCurrent developments caused by the coronavirus has the regulator worried about funds’ ability to maintain their strategic asset allocation Read More
Funds Keep Head Cool as Pandemic Worsens Asset Allocation & Strategy, Economics, Financial CrisisPension funds are faced with steep drops in equity prices and high levels of members switching to cash options, effectively redeeming their money, as the coronavirus pandemic worsens. But rather than panicking, most Australian pension funds seem well-placed to deal with the current turmoil. Read More
A Small Lesson in Decision-making under Uncertainty Editorial, Financial Crisis, Pacific RegionConfronted with the question whether to postpone one of our forums or not, the situation turned out to provide a small lesson on decision-making under uncertainty, [i3]’s Teik Heng Tan writes. Read More
Assessing the Coronavirus Impact Economics, Editorial, Financial CrisisThe world is facing a potential global pandemic as the coronavirus continues to spread rapidly outside of China. Markets have reacted violently to the news that community transmissions are taking place across Europe and the Middle East. But does history tell us anything about the impact of pandemics on markets? In this editorial, Wouter Klijn, Director of Content at [i3], explores the potential economic impact. Read More
Managing the Cycle with VFMC Asset Allocation & Strategy, Asset Owners, Financial CrisisVFMC has developed a new asset allocation model, in addition to its DAA model, that will help de-risk the portfolio when the likelihood of a crisis occurring rises and re-risk it in calmer weather, CIO Russell Clarke says. Read More
CalSTRS Evolves Risk Mitigation Strategy Asset Owners, Factors, Quant & Systematic, Financial CrisisCalSTRS 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. Read More
Taking Risk Parity In-house at PSERS Asset Allocation & Strategy, Asset Owners, Financial Crisis, Women in FinanceThe US$ 55 billion Pennsylvanian pension fund PSERS embraced risk parity in an effort to address the asset allocation challenges laid bare by turmoil during the global financial crisis. Read More
