[i3] Insights - Investment Innovation Institute

Real Estate Profile – TelstraSuper Part II

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.

APRA Heatmap – Climate Change for Super Funds

Opinion, Risk and Regulation

APRA’s new Heatmap can help Trustees in achieving better outcomes for members, but it is also open to potential misuse, David Hartley writes.

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.

Real Estate Profile – TelstraSuper

Asset Owners, 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.

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.