California State Teachers’ Retirement System’s Innovation & Risk group will leverage Stylus Pro’s risk analytics and portfolio level reporting functionality to measure diversification benefits.
The latest information on our product and service enhancements, client wins and company moves.
The SEC’s selection of MPI Stylus Pro software platform comes as MPI has seen increased interest globally from asset management regulators for data-driven technology solutions that augment legacy intelligence programs.
Interactive solution designed for fiduciaries seeking to match DC plan demographics, behaviors and preferences with appropriate target-date fund families
MPI President Jeff Schwartz will participate in a panel on smart beta at terrapinn Quant World Canada 2015. The panel, titled “Smart beta or dumb alpha Ð which side are you on?”, will explore performance persistence, sustainability of product growth and the outlook for strategy developments. MPI is proud to be an associate sponsor of the event.
New research utilizes MPI’s proprietary Dynamic Style Analysis (DSA) to dive into the opaque world of endowment investing. With only ten data points representing a decade of returns, the model reveals significant insights into the sources of top endowments’ returns. The study finds a predominant portion of endowment returns are explained by asset allocation, particularly to illiquid alternative factors. To read more, including a performance attribution for fiscal year 2015, see the full analysis on the MPI Research Corner.
MPI Research from Senior Analyst Sean Ryan on the behavior and performance characteristics of nontraditional bond funds was broadly featured across the investment media landscape, including Barron’s, Daily Alts, Financial Times, InvestmentNews and WSJ Wealth Adviser. The full research report, “Examining Recent Winners and Losers in the Nontraditional Bond Fund Category”, can be found on the MPI Research Corner.
Executive Vice President Bill McBride was invited to present on the institutional challenges of investing in smart beta products at Financial Research Associates’ Smart Beta 2.0. The presentation, “Benchmarking Smart Beta: What Are the Rules for Measuring Nontraditional Strategies” was given to an audience of asset owners and investment managers. To see the presentation, please contact us.
MPI partners with Eurekahedge to create and maintain the Eurekahedge 50 Index, a new benchmark index tracking the top 50 hedge funds. The Eurekahedge 50 Index was created to meet the demands of institutional hedge fund investors seeking a more selective benchmark reflective of diversified institutional quality hedge fund portfolios. The Eurekahedge 50 Index tracks the returns of the top hedge funds based on longevity, assets under management and quality of risk-adjusted returns, taking into account stability and consistency. See the press release here.
In light of CalPERS’ termination of its ARS hedge fund program, Risk Magazine asked MPI to look at the relationship between scale, selection and impact of allocations to hedge funds on the portfolio risk and return profile at pension funds. Testing a hypothetical pension portfolio with allocations to hedge funds of 1%, 5% and 10%, the study finds significant positive benefits on total returns and risk-adjusted returns of hedge fund allocations at the 5% and 10% levels, though negligible impacts on the risk and return profile at the 1% level. The findings contribute to the industry debate about the role of hedge funds in defined benefit plans, including issues of scale and selection, as well as fee structure challenges and the need to evolve. The research appeared first in Risk Magazine’s November issue, and was later referenced in Asset International’s Chief Investment Officer, DailyAlts and widely in the Twitter sphere. For the full research, see MPI’s Research Corner.