Recent losses reported from the so-called sub-prime category have brought renewed
scrutiny of the investment practices employed across the Australian local government sector …

We examine whether health care equity investments hedge health care liabilities. In contrast
with conventional wisdom, we find them uncorrelated and, thus, poor hedges. Investment …

This multi-faceted analysis of institutional investment defines fiduciary finance institutions as
the third pillar of the financial system, alongside banks and insurers. It documents the role …

Investors generally face inflation-linked obligations–a fact contributing to the popularity of
TIPS and other inflation-linked bonds. With TIPS, one characterization of inflation, the …

Australians have over $1 trillion invested in fiduciary products such as pension funds (ABS,
2006a). Since the early 1980's, the policies of successive governments have compelled …

Investors generally face inflation-linked obligations—a fact contributing to the popularity of
TIPS and other inflation-linked bonds. With TIPS, one characterization of inflation, the …