2011

Investor Profile

NZ Super ditches SAA for reference portfolio

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.

Amanda WhiteAugust 17, 2011

Uncategorised posts

Are pension funds really long-term investors?

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.

Amanda WhiteAugust 17, 2011

Uncategorised posts

CalPERS looks to bolster ESG integration

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.

SAM RILEYAugust 17, 2011

Uncategorised posts

CalSTRS positions for global volatility with allocation changes

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.

Amanda WhiteAugust 17, 2011

Uncategorised posts

China growth ‘unsustainable’ cautions expert

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.

SAM RILEYAugust 17, 2011

Research

A fragile Eurozone in search of a better governance

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.

Amanda WhiteAugust 17, 2011