Institutional investment decisions are generally centered around mandates, where a manager's deviation from the benchmark is controlled by means of a tracking error volatility (TEV) constraint. This constraint is of absolute nature: once imposed, it should be honored irrespective of market...

"For generations investors have believed that risk and return are inseparable. But is this really true? In High Returns from Low Risk, Pim van Vliet, founder and fund manager of multi-billion Conservative Equity funds at Robeco and expert in the field of low-risk investing, combines the latest...