We were proud to be among the signers of this comment letter from Shareholder Commons, making essential points about a more wholistic approach to portfolio theory and the role of regulation. The letter is attached in full below. An excerpt [footnotes omitted]: Individual companies financially benefit by externalizing costs and depleting such common goods when…
Category: portfolio theory
Hawley and Lukomnik on Portfolio Theory
There is no one we respect more than Jon Lukomnik, especially when it comes to portfolio theory. Every fiduciary fund manager should read his new article with James P. Hawley. An excerpt: Two recent statements, one by the world’s largest pension fund and the other by the largest asset manager, are harbingers of future corporate…
How Pension Funds Can Survive Volatile Markets | Newsmax.com
Former CalPERS trustee Dana Hollinger, writing with Jackson Eisenpresser, tells pension fund managers to begin with making sure they have enough liquidity for their projected payouts, and then think about alpha. Private-market returns have never been more critical in meeting future liabilities. The yield must come from real assets, infrastructure, and private credit and extending…
IRRCi Research Paper Competition 2018
The Investor Responsibility Research Center Institute (IRRCi) has opened its seventh annual competition for research that examines the interaction between the real economy and investment theory. Practitioners and academics are invited to submit research papers by Friday, October 19, 2018, for consideration by a blue-ribbon panel of judges with deep finance and investment experience. Two…
ValueEdge Advisors 