table of contents
The Outsourcing Play
Emerging Market Booster
Robert Gartland 7 >
Banking on Doi Moi
Wall Street Scribe
Solving the Japanese
From Alberta to Abu Dhabi
Alcoholic, Stilted Son,
Maker of Misery
While the other Gulf states—flush with oil and
possessing some of the longest investment horizons
on earth—have avoided rash actions and preserved
their long-term viability, Dubai Inc., for years the
darling of the financial world, now has a simpler aim:
The Liquidity Imperative
Why liquidity is so important for today’s institutional
investors—and why so many of them got it wrong.
Harvard Has a Cold
No longer sui generis, the Harvard Management
Company has retreated back into the pack. The
seeds of its collapse, it is now clear, were sown in its
A Tenuous Perch
A handful of hedge funds, year in and year out,
outperform their long-only counterparts. The question
that increasingly is being raised is how on earth
institutional investors can ever find them.
The Evolution of Infrastructure 50 >
Infrastructure is a distinct asset class that can give
investors predictable but uncorrelated returns over the
long term—or so the theory goes. However, current
conditions are testing that theory as never before.
Securities Lending Survey
Headwind Lending: Securities Lending
in a Time of Crisis.
Investment Strategies Aren’t
Broken; Markets Are 63 >
The surprising resilience of institutional
investor asset allocation.
By Chris McNickle, managing director,
Transition Management Survey
Despite tumultuous markets, large asset owners
were active with transition mandates in 2008.
In Other Words...
Putting Money to Work 72 >
How the buy-side causes asset price inflation.
By Dominic Hobson
Top of the Pile
The Business Books You Need to Read
By Sara Nelson
Opportunity for long-term growth.
Sponsored by State Street
Weathering the Storm
Q&A with Bob Prince, CIO.
Sponsored by Bridgewater Associates
An Alternative Scenario
The enduring logic of a well-constructed hedge fund portfolio.
Sponsored by Northern Trust
The Popularity of 60/40 Portfolios.
Sponsored by PanAgora Asset