Investment

Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

US - The Teacher Retirement System of Texas' strong returns of 12.6% in the year ended September 30 has allowed the scheme to pay $9.7m in current and deferred bonuses to its staff.

Schroders is to close its defined benefit scheme to future accrual.

FRANCE - Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

Asset managers are still failing to improve their voting and engagement disclosure records despite the introduction of the Stewardship Code, research suggests.

The Barclays UK Retirement Fund has launched its own asset management company to give its in-house investment team more flexibility around investment decisions.

UK/US/CANADA - A financial support direction issued by The Pensions Regulator against insolvent companies is an expense of the administration and must be complied with, the High Court has ruled.

The government has launched a public consultation on the discount rate used to set contribution rates in unfunded public service pension schemes.

GLOBAL - Investment managers have been forced to lower fees for non-traditional asset classes as schemes look to cut operational costs, Mercer research reveals.

Investment managers have been forced to lower fees for non-traditional asset classes as schemes look to cut operational costs, Mercer research reveals.