How public pension funds can enhanve returns while limiting investment costs
Since the financial crisis, for a relatively liquid investment CLOs consistently have had the highest spreads net of capital costs for US life insurers.
The global COVID-19 outbreak, and the government-mandated lockdowns that ensued, caused risk assets to drop at an unprecedented pace over the first quarter of 2020.
Discover why W.K. Kellogg Foundation’s CIO Joel Wittenberg remains a believer in value investing, and the lessons he’s learned as a leading impact investor.
Incorporating Environmental, Social & Governance
We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
With returns likely more sparse and volatility likely more frequent, knowing what you own will prove paramount with regard to portfolio construction.
Accessing new sources of uncorrelated alpha
Potential implications for pension plans
Learn more about J.P. Morgan’s target date funds designed to improve retirement outcomes