Global asset studies

The world’s largest pension funds
A joint annual research study of the world’s 300 largest pension funds
Global asset studies

The world’s largest pension funds
A joint annual research study of the world’s 300 largest pension funds
Fundamental return attribution
Separating returns due to short-term noise from intrinsic portfolio growth
This paper describes a new attribution and monitoring framework that separates a portfolio’s returns into three main components. Returns arising from changes in market sentiment (multiple return), the growth of the portfolio’s fundamental characteristics (growth return) and the change in those fundamental characteristics due to changes in the portfolio’s holdings…












