Investors are watching conflict in the Middle East closely as inflationary pressures begin to build beneath the surface. One of the challenges for many investors is reduced exposure to the hedging benefits of fossil fuels in listed, and private markets.
NZ Super has diverged from allocating assets according to a long-term strategic distribution and now actively allocates assets away from a reference portfolio. Head of portfolio design, David Iverson, discusses why this approach is superior for the fund’s purposes.
Pension funds used to be considered long-term investors, but the reactionary behaviour of a recent prudence* of pension funds globally has changed my view of their time-horizons and subsequent role in capital markets. *Prudence is the newly-crowned collective noun for pension funds as per the competition in our newsroom. Have your say in our poll.
CalPERS has instigated an extensive review of its environmental, social and governance policies and practices and its move towards fuller integration of ESG factors into its investment decision-making which will include an overhaul of its procurement policies for external managers.
The volatility in global markets has prompted the $154 billion CalSTRS to an underweight global equities position, moving assets into cash, its chief investment officer, Chris Ailman, said.
China experts are predicting the country’s growth will slow in the medium- to long-term as the government undertakes the difficult task of rebalancing the economy away from its dependence on investment and exports.
This paper looks at the fragility of the governance in the Eurozone, and concludes that some of the features of the new financial assistance are likely to increase this fragility, and is likely to “rip” member-countries of their ability to use the automatic stabilisers during a recession.
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