This new paper by Rob Bauer, Martijn Cremers, and Rik Frehen uses the CEM pension fund data set to document the cost structure and performance of a large sample of US pension funds. It finds that small-cap mandates of defined-benefit funds have outperformed their benchmarks by about 3 per cent per year. Concluding that while
With the tightening of belts at big stock broking firms in the past couple of years, particularly the firms which are owned by banks, has come an increase in the opportunity set for buy-side researchers.
China will continue to encourage capital flows into the country that emphasise technology and environmental impact, according to Jin Liqun, chairman of the board of supervisors of the $200 billion China Investment Corporation (CIC).
The second meeting of the International Forum of Sovereign Wealth Funds (IFSWF) will take place in Sydney this week, with senior representatives from more than 20 funds discussing subjects including active versus passive investing and strategic challenges in post-crisis investment markets.
Mubadala Development, the strategic investment arm of the Abu Dhabi government, grew its total assets by 75 per cent to AED88.5 billion ($24.1 billion) in 2009.
The investment and hedging performance for the first quarter of this year means the DKK 660 billion ($114 billion) Danish ATP is on target to reach its five-year performance objective which will end this year.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
Top1000funds.com is read by investment professionals in more than 40 countries.
Research