AMANDA WHITE
Behind CalPERS’ sustainability report
In its most simple form, CalPERS defines sustainability as the “ability to continue”. This year CalPERS turns 80 and clearly “continuing” is something it wants to do. The strategy paper, presented to and endorsed by the board, explains the fiduciary framework the fund has adopted to integrate sustainability across the entire fund and sets out the themes and visions for the future. Anne Simpson, director of corporate governance at the fund, says one of the interesting questions for a fund as big and complex as CalPERS is “how do you [...]
SIMON MUMME
How sovereign risk hits equities
The severe impact of the European debt crisis on financial markets has spurred EDHEC-Risk Institute to investigate whether equity investors can earn a premium through sovereign risk. Professor Nöel Amenc, EDHEC-Risk Institute director, speaks about the emergence of what could be a new risk factor and other research focusing on Asia.
