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Factor investing in practice

reportA second report placed the trustee at the heart of the factor investing debate. Is factor investing a new investment belief, or an existing one but redefined? And what are preconditions to successfully implement this?

Kees Koedijk, Alfred Slager & Philip Stork, Factor investing in practice: A trustees’s guide to implementation.
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Factor investing

investing_systematic_factorSponsored by Robeco, Kees Koedijk, Alfred Slager and Philip Stork worked on factor investing. In this paper, we focused on the discussion whether factor investing would improve diversification and portfolio construction, central debates for trustees. This paper focused on the empirical part.

Kees Koedijk, Alfred Slager & Philip Stork, Investing in systematic factor premiums.
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Innovative thinking by trustees

innovaties_in_pensioenSpurred by discussion with trustees, Kees and Alfred wrote a paper for Netspar on how innovations. What are innovations where ii could leverage their natural advantages, but why does this not always materialize? Based case studies checklist success.

Kees Koedijk & Alfred Slager, Innovaties in wonen, arbeid, pensioen en de rol van pensioenfondsen.
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Decision making in pension boards.

decision_making_pension_fund_boardroomA crucial assumption of collective schemes is that trustees make more rational choices and avoid behavioral biases to which individuals are subjected to. But is this really the case? In this article, we surveyed trustees by a novel method (‘vignettes’) to get insights on how they would decide. Personal risk adverseness plays an more important part in the board room than previously assumed.

Harry van Dalen, Kène Henkens, Kees Koedijk & Alfred Slager, Decision making in the pension board room: an experiment with Dutch pension fund trustees. 
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