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Norway aims for ‘green’ returns

The Norwegian government is trying to balance financial returns with sustainable development in regulating the GPFG, and the possibility of applying this model to other sovereign wealth funds (SWFs) and institutional investors in general. In this paper for the University of Oslo, Adjunct Professor Anita Halvorssen argues that sustainable development needs to be included in […]
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Tail risk hedging should be part of broader strategy

With bond yields at historic lows, particularly in the US, pension funds have been searching for new forms of downside protection to reduce tail risk, boosting demand for certain types of hedge funds in the process. In the US, too, where demand is invariably met by a quick supply of new products, specialist ‘tail-risk funds’ […]
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The case for a new look at global benchmarks

Indexes are important for pension funds. They benchmark the fund’s performance against goals and peers. They allow the fund’s managers to be measured and often times they decide the managers’ remuneration. You would think, then, that there must be a lot of science behind their use.
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Private equity is not an asset class: Siguler

Is private equity an asset class? George Siguler (pictured), a doyen in the field, a former head of alternative investments for the Harvard endowment that formed his own firm, and a pioneer of unlisted investments in the BRIC countries, thinks not. He spoke with Greg Bright about the state of play in private equity. George […]
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