Analysis & Research

The good, the bad and the uncertain: Passive investing’s impact on financial stability

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Does the rise in passive investment strategies have consequences for financial stability? The shift to passive from active appears to be amplifying some risks to financial ...

A look at ESG’s influence on market efficiency

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With the rise in socially responsible investing and quantitative strategies, are institutional investors that incorporate environmental, social and governance factors making markets less efficient and ...

Beware of in-house security lending

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Active mutual funds that engage in securities lending through in-house lending agents should raise questions for institutional investors. These funds may “reach for lending fees” by ...

The role of liquid alternatives in pension portfolios

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Pension funds are diversifying into alternatives in an increasingly challenging environment for returns. But many of the traditional characteristics institutional investors seek to achieve by investing ...

Are U.S. investment advisors getting more contracts by contributing to political campaigns?

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Public pension plans rely on the help of  investment advisory firms, but do politics play a role in which firms they choose to work with? A paper ...

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