Arun Muralidhar

  • Special Report

    SMART portfolio management

    December 2009 (Magazine)

    Static portfolio management techniques fail because they cannot respond to changing economic conditions. Arun Muralidhar offers an alternative

  • Features

    Devising an investable index

    October 2005 (Magazine)

    There has been a growing emphasis on pension fund liability management and creating a portfolio of assets to match these liabilities. The popular press has published several recommendations to protect pension fund solvency through the immunisation of liabilities. Recommendations have ranged from the approach of the Boots Pension fund, which ...

  • Features

    Currency overlay

    April 2004 (Magazine)

    Pension funds and institutional investors have been globalising their portfolios for many years, yet a majority of these investors have typically ignored the currency risk inherent in these investments. For example, euro-based investor with US assets has seen a reduction in returns from investing in the US since 2001 (close ...

  • Features

    Increase your options

    September 2003 (Magazine)

    The creation of the euro played a bad trick on currency managers. To begin with, currency managers had strong performance and information ratios, and this was managed with only 20 currencies (which given cross hedging gave a fair opportunity set). A number of research studies suggested that the alphas in ...

  • Book Review

    Book review: 'European Pensions & Global Finance'

    June 2003 (Magazine)

    Gordon Clark’s book, European Pensions and Global Finance, provides a refreshing addition to the burgeoning literature on social security and old age retirement security. Rather than offer another solution to the pending crisis, he reviews the political economy and economic geography to examine the role and status of European pension ...

  • Features

    And the 'Blue Ribbon' answer...

    May 2003 (Magazine)

    We propose a more pragmatic direction that leverages the best practices adopted by corporate pension funds. If anything, the mistake made by many reformers was to confuse ‘corporatisation’ with sprivatisations. In our forthcoming book ‘Rethinking Pension Reform’ (Cambridge University Press), we propose a ‘permanent’ solution to the problem of maintaining ...

  • Features

    Widening your options for currency returns

    March 2002 (Magazine)

    Currency overlay, the process by which institutional clients are able to overlay the expertise of currency managers on currency exposures inherent in international investing, has become a necessary part of investment management globally as funds increasingly invest abroad. As with any other investment area, there are multiple styles that can ...

  • Features

    Luck or skill?

    September 1999 (Magazine)