Showing Topical Research research articles: 1–20 of 40
NEPC's annual asset allocation letter examines the investment landscape, exploring the pockets of opportunity presented by the current volatility. It recommends investors seek opportunities to rebalance toward higher return-seeking investments and consider increasing strategic weights to equity and credit should markets continue to decline.
Sound governance is the foundation of any effective investment program. It ensures an efficient and prudent decision-making process to better support the goals and objectives of the organization. To this end, we frequently field questions from members of investment committees and staff on best practices for governance for the oversight of assets of an endowment or foundation. These queries run the gamut, ranging from the optimal size of an investment committee to succession plans and the most efficient ways to conduct committee meetings. Through this paper, we seek to summarize our thoughts, experiences and opinions on key governance criteria for consideration in the management of your investment program.
NEPC recently completed its sixth annual survey of all the hedge funds used by our clients. This survey focuses on back office areas and internal fund operations. NEPC clients that are invested in hedge funds: Your consultant will be in touch shortly regarding details on the specific hedge funds used in your investment program(s).
The NEPC research paper discusses pension glide paths as an important tool for managing risks. The efficient and active implementation of a glide path can help better match assets to liabilities and increase funded status, while seeking to meet long-term objectives.
At NEPC, our clients frequently express interest in aligning their investments with their stated philosophy or set of beliefs, but implementation can be challenging. Some grapple with defining what it means to line up their investment strategy with a set of values. Others struggle to reach consensus on whether socially responsible investing conflicts with their fiduciary duty to grow assets. Many of those who do adopt a socially responsible investing framework have a difficult time fully integrating their value system into their investment program. Enter: the Unitarian Universalist Association. Few have an investment program where the mission is as thoroughly ingrained as it is at the UUA, an NEPC client for over 10 years.
The NEPC research paper discusses the potential impact of a Fed rate hike on the pricing of credit risk and the implications for fixed income investors. It also examines the possible strategies through which investors may benefit or protect their portfolio during this policy transition.
The NEPC research paper provides an overview of US REITs and examines their place in institutional portfolios.
NEPC's annual asset allocation letter examines the exceptional returns posted by US markets and looks ahead to the pockets of opportunity in an investment landscape characterized by subdued expectations for future returns.
NEPC recently completed its fifth annual survey of all the hedge funds used by our clients. This survey focuses on back office areas and internal fund operations.
This NEPC research paper recommends using macroeconomic risk factor analysis to provide new insights into portfolio management. A multi-disciplinary and holistic approach that includes factor analysis can strengthen the asset allocation decision-making process.
NEPC's annual asset allocation letter highlights the benefits of diversification, disciplined rebalancing, and a forward-looking approach as markets and asset classes show signs of diverging.
To view our 2015 Asset Allocation Letter, which was just published, click here.
NEPC recently completed its fourth annual survey of all the hedge funds used by our clients. This survey focuses on back office areas and internal operations.
The NEPC research paper examines the benefits of quantitative long/short equity hedge fund strategies. These investments not only offer a potential source of alpha, but also are an effective way to incorporate diversification and skill in investors’ portfolios.
The research paper examines low volatility equity investing by assessing the case for a continuing anomaly and its potential causes. It considers whether such an anomaly is likely to persist and the role, if any, of low volatility equity investing in long-term investment portfolios.
The version of this paper has been published in the Fall 2013 edition of The Journal of Investing. For more information regarding The Journal of Investing, please visit their website.
Few investors have implemented Responsible Investing initiatives, according to a survey conducted by NEPC, LLC. In addition, these organizations expect Responsible Investing to comprise a small part of their investment programs even five years from now. These low implementation rates are at odds with the increased interest in and greater awareness around this type of investing. At NEPC we see anecdotal evidence of the potentially bigger role Responsible Investing may play in long-term portfolios.
NEPC's annual asset allocation letter highlights an investment landscape fraught with risk but short on returns. The solution: a strategic approach to asset allocation with the flexibility to act when opportunities do appear.
NEPC recently completed its third annual survey of all the hedge funds used by our clients. This survey focuses on back office areas and internal operations. Click the blue rectangle above to download a summary.
Over time there have been substantial developments in the responsible investing area. As a result, responsible investing looks and sounds quite different from what was predominantly a negative screening approach many years ago.
NEPC's annual asset allocation letter.
A re-issue of our paper released in August with the 2011 5-7 year Capital Market Expectations.
The recent market environment has led Endowment and Foundation Trustees to re-evaluate the key aspects of their investment oversight. For most Trustees, the challenge is to balance the two competing financial objectives of an institution: meeting current spending needs while maintaining the long term “real” value of the assets. This paper focuses on ways to create an ideal spending policy.