by Chris Flynn | Sep 8, 2018 | Research
Real estate is a significant element in the portfolios of large European institutional investors, with allocations making up as much as 10 percent of the average portfolio. The purported benefits of the inclusion of real estate in institutional investor portfolios are...
by Chris Flynn, Tej Dosanjh, John Simmonds, Franco Wang | Sep 8, 2018 | Research
Institutional asset owners across the world, encouraged by regulators, are increasingly interested in ‘hidden’ transaction costs – costs incurred in trading securities before returns are calculated. For Defined Benefit pension plans, every £ taken in cost needs to be...
by Mike Heale | May 8, 2018 | 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 CEM Benchmarking | Apr 8, 2018 | Research
The financial crisis resulted in severe declines in the funded status of most U.S. corporate pension funds resulting in almost universal pension deficits. These deficits have persisted largely due to declines in interest rates to historical lows. With the dual goals...
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...
