Insights

CalSTRS Evolves Risk Mitigation Strategy

Scott Richardson is Co-Head of Fixed Income at AQR

It’s Time to Sin a Little

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.

Miriam Patterson, Head of Real Assets, TelstraSuper

Real Estate Profile – TelstraSuper

Real Estate, Women in Finance

With an older member base, TelstraSuper can’t rely on inflows to fund new real estate purchases. “I have to sell something to buy something, so I need to be very disciplined,” says Head of Real Assets Miriam Patterson.

Lifecycle, 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.

David Elms, Head of Diversified Alternatives, Janus Henderson Investors

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.

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

Editorial – Unsolvable Problems

Editorial

In mathematics there are problems that can be expressed but not solved. Do financial markets represent such problems?

David Iverson, Head of Asset Allocation, New Zealand Super

NZ Super adds Commodity Tilting

Asset Allocation & Strategy, Asset Owners

New Zealand Super’s strategic tilting program has added significant value to its portfolio and now it is ready to add a new asset class to its framework.

Buying into Disruption with Data Centres

Real Estate

Digital disruption is not just a challenge, but also an opportunity. Real estate firm Actis is playing into this dynamic with the development of large data centres in China, South Korea and potentially India.

Andrew Major, general manager, unlisted assets, HESTA

Real Estate Profile – HESTA

Real Estate

HESTA’s real estate portfolio plays an important role in executing the fund’s impact investment strategy, Florence Chong writes.

Control What You Can Control

Risk and Regulation

Australian superannuation funds face some of the steepest trading costs in the developed world. Controlling these costs is critical to deliver good outcomes for members, Raewyn Williams writes in a new research paper.