How to Hit the Ground Running

Kees Koedijk and Alfred Slager
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Kees Koedijk: Tilburg University
Alfred Slager: Tilburg University

Chapter 15 in Investment Beliefs, 2011, pp 143-150 from Palgrave Macmillan

Abstract: Not all investment beliefs are born equal. American asset manager Vanguard believes in low cost and index replication. Canadian endowment fund Edmonton Tel considers strategic asset allocation as its main decisionmaking tool, whereas Swiss private bank Pictet uses a bottom-up approach for security selection. Tactical asset allocation is crucial for Danish pension insurer PensionDanmark, whereas Edmonton Tel believes that limited value is realized from tactical asset allocation shifts. Clearly, these organizations hold widely differing investment beliefs. Asset managers have to be aware of pension funds’ investment beliefs and vice versa, if they are aiming for successful long-term relationships.

Keywords: Risk Premium; Pension Fund; Hedge Fund; Asset Manager; Asset Allocation (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30757-5_15

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DOI: 10.1057/9780230307575_15

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