Is faith in past winners justified?

Rankings of top performers are publicly available for retail funds. However, databases for institutional mandates (segregated accounts and institutional funds) are still incomplete and rare. For our historical simulation of picking past winners we use a set of track records that were submitted by asset managers as part of public and non-public mandate tenders for […]

Is factor-based allocation new?

Factor-based allocation may be theoretically interesting for Swiss pension funds but it is hard to implement in a practical way.

Switzerland: The safe haven trap

Lukas Riesen and Alfred Bühler analyse the consequences for pension funds arising from the flight to ‘safe haven Switzerland’ and present possible solutions for dealing with this risk.