August 16, 2018
The $335 billion California Public Employees' Retirement System warned this week that it is greatly exposed to a downturn in global equity markets, as it prepares to monitor active risk closely.
Everything from charging dead people fees to trustees nixing mergers out of self-interest has emerged, as royal commission hearings have exposed big flaws in the world's fourth-largest pension system.
Low-volatility equity approaches have delivered for 10 years. As their popularity rises, Mercer looks at potential uses, causes for concern, and whether it's time to move in another direction.
Auto-enrolment will put more people into Ireland's public retirement system, while regulatory requirements will include tougher standards for trustees and more disclosure on ESG.
LGPS funds have objectives aligned with many of the social issues that impact investing targets. This should make the trend popular within the scheme, once decision-makers are properly informed.
From the individual to the organisation to the industry as a whole, a belief that your objectives and your work have intrinsic value is essential to high performance and societal change.
The NZ$33 billion NZ Super is looking to increase its exposure to equity factors and implement the next phase of its climate strategy, which includes decarbonising existing factor mandates.
The halo effect - a belief that people who are good at one thing excel at everything - is just one example of the behavioural biases humans must manage and overcome to be good investors.
The One Planet Sovereign Wealth Fund Working Group has published a framework to help large investors make climate-change analysis a part of their decision-making, for better long-term allocation.