As part of an increasing focus on emerging markets, APG Asset Management, has an increasing interest in emerging markets. As part of that strategy an office in Hong Kong employs 28 staff to cover the Asian region. Amanda White spoke to the president of APG Asset Management Asia, Fer Amkreutz, about the perils and profits
CalSTRS will explore the potential of risk-oriented strategic allocation management and wider asset class ranges, as it sets out its investment business plan for 2010-11, which also includes collaborating with UC Regents and CIC about improvements to Barra One – its risk management system – and potentially further insourcing. Each fiscal year CalSTRS sets out
The $130 billion Californian fund, CalSTRS, will hire a deputy chief investment officer who will oversee the new absolute-return asset class, investment operations and a majority of the day-to-day investment branch management. This brand new position will allow the chief investment officer, Chris Ailman, to focus more on portfolio management and asset allocation. All existing
Alternative beta is catching on, with Russell Investments the latest market index builder to embrace the non-cap-weighted index trend by inking a deal with Rob Arnott’s Research Affiliates company. Russell will launch a series of “fundamental” indices, in association with Research Affiliates, during the third quarter of this year. Fundamental indices rank stocks according to
Through their momentum properties, cap-weighted indices favour the emergence of speculative bubbles, according to research by EDHEC-Risk Institute, which concludes cap-weighted stock market indices offer no particular advantage.
With less institutional flows forecast in the next few years, asset managers will need to implement a convincing “fiduciary overlay” to win business from large investors.
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