Multi-factor models are standard tools for analysing the performance and the risk of equity portfolios. In addition to analysing the impact of common factors, equity portfolio managers are also interested in analysing the role of stock-specific attributes in explaining differences in risk and performance across assets and portfolios.

The California Public Employees' Retirement System (CalPERS) Board of Administration (Board) released the Annual Cost Efficiency and Effectiveness Report (PDF), detailing several initiatives that resulted in cost savings for the Pension Fund of $922.5 million over the past five years.

iM Square invests in one the most successful fixed-income management firms in the US, Dolan McEniry Capital Management. iM Square begins the construction of a European distribution network

?It has been and remains a tough time to be a European equity fund manager. That generally should be considered an immediate warning to look out for lame excuses as to why a fund is underperforming. Or it might actually be an interesting way of thinking about how political uncertainty, combined with an arguably overvalued bond market, is having repercussions for equities.

Global bond markets, especially emerging markets, took it on the chin over the past five trading days as investors reacted to the U.S. election results and soaring expectations of a Federal Reserve rate hike in December.