Commentary: Downtrodden trend illustrates why convexity matters - Pensions & Investments

In a commentary published November 13, 2025 by Pensions & Investments, Peter van Dooijeweert and Tom Adlard make the case that convexity matters in portfolio construction, framing their argument around a trend that has underperformed. The available text of the piece is limited to its headline and byline, so the specific data points and analysis the authors use cannot be reliably detailed here.

The commentary appears in the opinion section of the publication and reflects the authors' views rather than reported news. Readers seeking the authors' full argument should refer to the original article.

Separately, related coverage on the same site reports that the $653.8 billion CalPERS is exploring hedge fund exposure through separately managed accounts, according to emails reviewed by Pensions & Investments. That move would mark a return to the asset class more than a decade after the pension fund's headline-grabbing exit in 2014.