The CalPERS board will have the discretion to reduce or eliminate investment staff performance pay in years of negative performance of the fund, in a revised compensation plan to be presented to the board this week, chief investment officer Joe Dear told conexust1f.flywheelstaging.com.
Since taking up the role of chief executive at the Alberta Investment Management Company, Leo De Bever has implemented a cultural change that has been both dramatic and fast – including halving the workforce and then tripling it. He spoke with Amanda White about how those changes have affected the investment mindset of the organisation.
There are only two asset classes really worth investing in for the “seven lean years” ahead, according to Jeremy Grantham (pictured), co-founder and strategist at famously bearish funds manager GMO.
Mercer has carved out the alternatives research for its multi-manager funds management products under a new head, Bill Muysken, who returned to the firm in London last month. Greg Bright reports.
An new section in Top1000Funds.com, social media will bring you a mix of our own social media adventures as well as some of the latest social media news with a take on how it relates to the institutional investor industry.
The lighter side will be a section of the site which delivers, well, lighter stories. Check back here soon for the first story.
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