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Portfolio policy
May 2017
Portfolio policy

Weatherproofing a plan's return-seeking assets

Author: Amy Trainor, FSA, EA

For corporate DB plans, return-seeking assets are often synonymous with traditional equities. That’s fine if market conditions are just right, but it leaves plans vulnerable in many environments. We...

File under: New directions in liability-driven investing

Feb 2017
Portfolio policy

Accepting market returns: Risky business for defined contribution plans?

Author: Chris Goolgasian, CFA, CPA, CAIA

Key points Low expected capital market returns call into question the adequacy of index-tracking passive investments alone to help participants become retirement-ready. As co-fiduciaries, we believe that...


Equity long/short funds: Are the good times gone or does skill still matter?

Author: Matthew Scales, CFA

Since the Global Financial Crisis (GFC), the world has been awash in liquidity. The prolonged and unprecedented use of monetary stimulus has stabilized growth, returned major developed markets to full...

File under: Desire for upside, fear of downside: Can alternatives help?, Preparing for reflation and rising rates

Jan 2017
Portfolio policy

Tax reform and long bond supply: An "early mover" advantage for US corporate...

Authors: Bill Cole, CFA, CAIA, ...

Corporate tax cuts are a key component of President Trump's tax plan. While there are many details still to be ironed out, it seems likely that lower corporate tax rates are on the horizon. In this paper, we...

File under: New directions in liability-driven investing

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