In the present paper we study the lack of alpha generation in the main defined contribution pension funds (SIEFORES) in Mexico and we compare the performance of each fund against the one of their life-cycle profile peers (SIEFORE type). As we expected, we found underperformance due to management...

Arctic vector of economic development is now a strategic imperative for the Russian Federation. Apparently, severe climatic conditions, low population density, lack of infrastructure leave all Arctic projects outside the market and allow only nodular economic development of the Russian Arctic...