Accounting Issues and Investing in Timberland
On May 3, 2017, Ernst & Young made available the bullet points for a presentation on the âaccounting, financial reporting, and regulatory considerationsâ affecting investment vehicles in this...
View ArticleAlternative Risk Premia Investing
Unigestion has posted a research paper by Olivier Blin, Joan Lee, and Jérôme Teiletche, on âsome of the practical considerations that should help investors get the most out of their allocation...
View ArticlePensions: On Mortality and Long-Duration Corporate Bonds
Milliman, an actuarial and consulting firm headquartered in Seattle, has completed a white paper on corporate pension funding based on its 17th annual analysis of the disclosures of the âMilliman...
View ArticleThe 100+ Top Guns of Institutional Investing
By Charles Skorina This letter looks at the most recent five-year performance of over one hundred of the world’s best institutional investors. Endowment chief investment officers have an infinite...
View ArticleReal Estate: A Global Outlook
PWC and the Urban Land Institute have jointly issued a report on âemerging trends in real estateâ around the globe, which stresses that real estateâs attraction as an investment, even as a...
View ArticleSkin in the Game: Testing a Cliché
One of the most well-worn clichés in the hedge fund industry is the phrase âskin in the game.â Investors want managers who have âskin in the game,â that is, managers who risk/hedge their own...
View ArticleA Critique of the Listed Infrastructure Sector
A new study by EDHECinfra (EDHECâs infrastructure institute based in Singapore), has a striking point of view on the whole âlisted infrastructureâ sector, which it says is based on the âfallacy...
View ArticlePreqin and NXT Capital on the Filling of a Post-GFC Vacuum
Preqin, in collaboration with NXT Capital, has surveyed institutional investors about the U.S. lower middle-market direct lending space, and has issued a report on their attitudes. The gist of the...
View ArticleBrief Thoughts on the Impacts of Autonomous Learning Investment Strategies on...
By Michael Weinberg, CFA In our thought piece, âThe Intelligent Investor in an Era of Autonomous Learning,â we explained why we believe the investment world will be transmogrified by Autonomous...
View ArticleLessons from University Endowments
In a recent article for The Journal of Investment Consulting, John Mulvey and Margaret Holen look at the practice of asset allocation among large U.S. university endowments. They focus on asset...
View ArticleAIMA Gets Its Groove On: Two New Guides
The Alternative Investment Management Association, the global AI industry group, has been busy of late. Its recent publications include a Best Execution Guide for the European Unionâs revised Markets...
View ArticleHedge Funds in the United Kingdom
Just prior to the June 8 election in the UK this year, Preqin took a look at the state of the hedge fund industry there. Interest in this subject matter is high for the alternative industry globally,...
View ArticleHedge Fund Gigantism is Not Necessary
A joint survey by the Alternative Investment Management Association and GPP, the financial services firm formerly known as Global Prime Partners, disaggregates the hedge fund industry by size. It finds...
View ArticleAn Alternative Approach to Responsible Investing
On May 18, 2017, CAIAâs Boston Chapter held a panel discussion at the InterContinental Boston on âAn Alternative Approach to Responsible Investing.â Moderated by Bill Kelly, CEO, CAIA...
View ArticleKPMG: Alternative Investment Industry Deal Momentum Continues
The auditing giant KPMG says in a recent report on merger and acquisition activity in the alternative asset management world that there was a dip in activity in this space in 2015, that there was a...
View ArticleTil and Heckinger on Commodity Debacles, Part I
A new paper available at SSRN looks at two infamous commodity industry melt-downs: Amaranth and MF Global. It offers a diagnosis of each. Hilary Till, of the EDHEC â Risk Institute, and Richard...
View ArticleTil and Heckinger on Commodity Debacles, Part II
A new paper available at SSRN looks at two infamous commodity industry melt-downs: Amaranth and MF Global. It offers a diagnosis of each. The paper is co-authored by Hilary Till, of EDHEC â Risk, and...
View ArticleA Simple Approach to the Management of Endowments
By Hossein Kazemi & Kathryn Wilkens, CAIA Endowments and foundations are tax exempt and charitable organizations that rely on permanent pools of capital to fund their activities. These pools of...
View ArticleBoom or Bust? Are Advisors Ready For Baby Boomers To Retire?
By Diane Harrison According to US census figures, Baby Boomers (defined as those born between 1946 and 1964) represent about 28% of the US population in 2017, and are currently between 53 and 71 years...
View ArticleNetworks, Modeling, and Funds of Funds
Two scholars affiliated with FERI Trust, a leading investment manager of the German-speaking countries of Europe, have written a study of hedge fund strategies that uses a ânetwork-based analysisâ...
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