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Examining Recent Winners and Losers in the Nontraditional Bond Fund Category

The recent investment climate has been a challenging one for nontraditional bond funds, strategies that generally trade rate risk for credit risk. Confounding the chorus calling for the end of the 35-year bond bull market, U.S. Treasurys have rallied, credit spreads have widened and emerging market debt has faced heavy selling pressure. Due to market […]

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A Peril of Hedge Fund Allocation: Investing Too Little

Following the news of CalPERS’ termination of its ARS program and at the request of Risk Magazine, we looked at the relationship between scale, selection and impact on total portfolio returns that hedge fund allocations can possibly have at large pensions. To perform this study, we base our hypothetical pension portfolio off of CalPERS’ portfolio. […]

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Too Heterogeneous to Handle? The Case for Careful Analysis of Nontraditional Bond Funds

As the end of the 30 year bond bull market begrudgingly gives over to the consensus-expected rate rise, investors’ persistent worries about the impacts of falling bond prices on their portfolios have provided great opportunity for asset managers to aggressively market and/or launch “nontraditional bond” funds. Unlike core or intermediate term bond funds, which typically […]

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Crisis in the Rearview Mirror: Monitoring Mutual Funds in the Five Year Window

March marked the first month that the impact of extreme down markets of the Financial Crisis faded out of 5 year fund performance histories. With the darkest days of 2008 and Q1 2009 removed from 5 year track records and associated risk measures, significant shake-ups are being felt in many DC fund “scorecards”, investment policy […]

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Stylus Tip: Save Time Generating Reports with Excel and Automation

mpi Stylus Pro has the ability to eliminate the redundant process of manually creating and running reports.  This is accomplished through the use of automation and, specifically, FOREACHINXLS.  With this command and an Excel worksheet you can increase the speed of creating and exporting multiple reports and free up your time for other tasks by […]

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