by Sandy Halim, Maaike van Bragt | Feb 8, 2018 | Research
CEM has been collecting data on DB and DC plans since 1991 and 1997, respectively. As calculated in our 2006 study, DB funds outperformed DC plans from 1998‐2005, by 1.80% (Flynn and Hubert, 20061 ). A return difference that in 25 years would result in a 34% smaller...
by Mike Heale | May 8, 2016 | Research
Pension funds need investment strategies with attractive risk and return characteristics to fund their liabilities. Hedge funds are increasingly popular investments which purport to fill this need, as witnessed by a 25-fold increase in hedge fund use in the CEM global...
by Keith Ambachtsheer, David Dupont, Tom Scheibelhut | Mar 8, 2016 | Research
The Fraser Institute recently published a paper titled “Comparing the Costs of the Canada Pension Plan with Public Pensions Plans in Ontario”.1 Based on a comparative cost analysis of six Canadian public sector pension organizations, the authors reached three...
by Andrea Dang, David Dupont, Mike Heale | Apr 8, 2015 | Research
Given the level of detail and timing of private equity manager reports, can pension funds disclose investment costs in a consistent manner across the industry? What would full cost disclosure require of a pension fund? We found a good example of this in one of our...
by Keith Ambachtsheer | Feb 8, 2015 | Research
In this study, we explore the organizational and performance implications for organizations that integrate (sustainability into their) corporate policies. Our overarching thesis is that such organizations represent an alternative and distinct way of competing for the...
by Alexander D. Beath | Jan 8, 2015 | Research
Can large institutional investors beat the market and deliver added value above and beyond their benchmarks? We answer this question using a massive data set comprised of 6,666 samples drawn from a global set of defined benefit pension plans along with a handful of...
