Start praying for returns, says Wurts
Investors wishing to meet return goals could put as much hope in prayer as in their portfolio structure, according to Wurts & Associates which was forecasting a continuing “tough” economic environment.
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.
Investors wishing to meet return goals could put as much hope in prayer as in their portfolio structure, according to Wurts & Associates which was forecasting a continuing “tough” economic environment.
The UK Crown Estate, which as the name suggests manages the assets and estate of the Crown, has entered into the second joint venture with an institutional investor in as many months. Norges Bank, which manages the 2,908 billion kroner ($498 billion) Norwegian Government Pension Fund Global, has purchased a 150-year lease on a 25
The US-based Hedge Fund Association, which last year opened a UK chapter in competition with the established Alternative Investment Management Association, has now started a Cayman Islands offshoot. HFA announced this week that the new chapter was a response to demand from Cayman-based hedge fund participants and reflected the importance of the zone as a
CalPERS’ outperforming internal corporate governance investments program will be challenged by the fund’s new capital allocation model, according to a review of the program by consultant Wilshire.
The trustees of the $65 billion North Carolina Retirement Systems will vote on whether to introduce a defined contribution plan when the board meets on Jannuary 20, one of the significant recommendations by the Future of Retirement Study Commission.
The hedge fund industry has taken a well-publicised caning over the past few years but, as the dust starts to settle on the global financial crisis, some interesting and probably long-lasting trends are emerging. Principle among these is a massive increase in concentration of mandates among the larger hedge funds.
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