As tensions in Libya increase, a leading authority on sovereign wealth funds has urged investee entities of the Libyan Investment Authority (LIA) to freeze its holdings, until such time as they are needed to rebuild an independent Libya.
This analysis suggests that without a well-developed domestic financial market, the value of the Chinese currency (renminbi) may significantly depreciate, instead of appreciate, once the Chinese government abandons the linked exchange rate and the massive amount of precautionary savings of Chinese households are unleashed toward international financial markets to search for better returns.
The Alaska Permanent Fund Board of Trustees was educated on the changing risk profiles of emerging-market debt at its meeting in February, with chair, Bill Moran, suggesting the asset class could have a greater role in the fund’s portfolio in the future.
Pension funds need to look at building a “new beta system”, according to Dr Henry Zhao (pictured), moving away from traditional global indexes in general and cap-weighted indexes in particular.
MSCI’s proposed global socially responsible indexes are being critiqued by not only MSCI clients but by the wider community as MSCI widens its consultation process for the proposal.
By 2015, OMERS expects to be managing all its investments in-house, with each business unit doubling in size in the process. Amanda White spoke to chief investment officer Michael Latimer (pictured), about the plans to make the pension fund an investment house of choice for investors, investment targets and investment professionals.
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