Chief Investment Officer

How Brexit Surprised Risk Parity

Chief Investment Officer finds that risk parity strategies were hit hard by the fallout from the UK’s referendum on European Union membership, data show—and they could be caught off guard again.

Should CalPERS Have Doubled Before Quitting Hedge Funds?

Chief Investment Officer associate editor Sage Um utilizes MPI research on the relationship between scale, selection and impact of pensions’ allocations to hedge funds on portfolio risk and return profiles to ask if CalPERS would have been better off with a significantly greater allocation to its ARS program. Um notes MPI commentary on fee structure challenges and necessary evolution to better align interests and drive successful investment outcomes.