Callan Associates

Research Papers

Our research papers are written by Callan consultants and specialists on the latest issues and trends facing investors.

• 2008

  Download Private Equity After 25 Years: Background and Implementation
  Download Charticle: LDI - Implementing Different Solutions
  Download Domestic Equity Benchmark Review: Year-End 2007
  Download Meeting the Challenges of the New Fee Environment
  Download Securities Lending: Mechanics and Risks Revisited
  Download A Level Framing of LDI
  Download MSCI Expands the Indices: An Overview
  Download 401(k) Plan Offerings and Utilization: A Survey Across Major Recordkeepers

• 2007

  Download Getting a Handle on Defined Contribution Fee Disclosures
  Download QDIA: Summary and Commentary of the DOL's Final Regulation
  Download Callan DC Index
  Download Global Real Estate Securities: An Introduction for the Institutional Investor
  Download A Retirement Adequacy Analysis of Default Options and Lifecycle Funds (Reprinted from Benefits Quarterly)
  Download Subprime's Butterfly Effect: What's all the Flap About?
  Download Alternative Investments - Audit Considerations for Plan Sponsors
  Download The Private Equity Partnership J-curve and Lifecycle
  Download Corporate Governance, Sustainable, Activist and Socially Responsible Investing: A Practical Users Guide
  Download Z-Scores
  Download PIMCO DC Dialogue: Just Tell Me, How Much?
  Download Asset Allocation by Public Funds: Leaders or Lemmings?

• 2006

  Download Infrastructure: The Investment That Saves The World?
  Download Global Tactical Asset Allocation: Implementation Considerations
  Download The Challenges Facing Smaller Endowments
  Download Timberland: A Growing Asset Class
  Download Steps for Plan Sponsors to Consider in Today's Defined Contribution Fee Environment
  Download A Defined Contribution Plan Case Study: Rethinking a Sound Investment Program
  Download Historical Evaluation of the CBOE S&P 500 BuyWrite Index Strategy
  Download Commodity Investing: Implementation
  Download Moving to a Global Equity Structure
  Download 2006 Pension Protection Act: Defined Contribution Executive Summary
  Download Charticle: DC Provisionsof the Pension Protection Act
  Download Company Stock in a Defined Contribution Plan: Current Trends
  Download 2006 Pension Protection Act: Summary and Implications for Defined Benefit Plans
  Download Investing Beyond the Traditional Asset Classes: The Short Story on Alternative Investments
  Download Exchange Traded Funds - The Past, Present, and Future
  Download Commission Recapture: Deal or No Deal?
  Download The Role of Convertible Securities in Equity-Constrained Portfolios: A Case Study
  Download Portable Alpha: An Alternative in a Low Inflation, Low Return Environment
  Download 2005 International Equity Market and Active Management Review
  Download Beyond the Wrapper: The Evolution of Core Open-End Funds
  Download Portable Alpha: Seek the Holy Grail or Run Away?

• 2005

  Download Target Maturity Funds: Evaluating the Glide Path
  Download The Benefits of Saving Early
  Download Reexamining the Default Options in a Defined Contribution Plan
  Download So You Want to Invest in Commodities - Why Might You Be Interested? And How Might You Do It?
  Download Farmland Investing: An Overview
  Download The Basis for the Small Cap Alpha Phenomenon - Why Have Institutional U.S. Small Cap Portfolios Consistently Out-Performed the Market?
  Download Portable Alpha Becomes Latest Investment Craze
  Download Considering Risk as an Investor
  Download Target Maturity Funds
  Download The Active Management Premium in Small-Cap U.S. Equities (Reprinted from the Journal of Portfolio Management, Volume 31 Number 3)
  Download An Introduction to Fixed Income Derivatives

• 2004

  Download The Evolution of Endowment Spending Policies and Today's Best Practices
  Download The Plan Sponsor's Guide to Hedge Fund Investing
  Download Mandatory Redemption Fees
  Download Inflated Fears?
  Download International Small Cap: Implementation Issues
  Download Transition Management - Beyond the Basics
  Download Plan Investment Structure: Principles and Design

• 2003

  Download An Updated Historical Perspective: Market Returns
  Download A Guide to Pension Obligation Bonds
  Download American Depository Receipts: Market Overview
  Download Domestic Equity Benchmarks, an Institutional Viewpoint
  Download International Fixed Income: Current Implementation Issues
  Download A Primer on Stable Value
  Download The Approaches and Challenges of Offering an Asset Allocation Option

• 2002

  Download Distressed Debt and Corporate Restructuring Investing
  Download Building a Hedge Fund Program
  Download Defined Contribution Plan Participant Investment Return Experience
  Download A Primer on Pension Funding
  Download Institutional Commingled Vehicles: Cost Considerations
  Download Market & Investment Comment
  Download S&P 600 vs Russell 2000
  Download International Fixed Income: Strategically Speaking

• 2001

  Download Eliminating the 30-Year Treasury: How Will It Impact the Markets?
  Download Overview of MSCI Index Changes
  Download Trends in the Investment Management Industry
  Download US Investment Styles: Their Cups Runneth Over
  Download Investment Managers Use of Technology for Marketing & Servicing

• 2000

  Download Exchange Traded Funds (ETF)
  Download Dollars and Sense of Currency Risk
  Download U.S. Public Pension Fund Management Trends
  Download Disciplined Rebalancing: Friend or Foe?
  Download Collateralized Bond Obligations: The ABCs of CBOs
  Download Marketing and Client Servicing: Trends and Challenges for Managers
  Download Are Multinational Stocks a New Asset Class?
  Download Managing a Pension Surplus: When a Dollar May Not Be Worth a Dollar
  Download The Global Master Trust: What Multinationals Are Thinking