These days, plan sponsors are burdened by underfunding issues, dogged by legislation and under huge pressure to maximise value from their investment managers. This pressure has led to a more intensified pursuit of alpha. What plan sponsors want is clarity: to know that the alpha they're paying for is pure alpha, and not beta disguised as alpha. But unfortunately what appears to be alpha is not always so. So is there a solution?
'Remixing' is one answer. Indeed, what's emerging out of plan spo