Editor of the Financial Analysts Journal and chair of Ennis Knupp & Associates, Richard Ennis, believes contemporary asset allocation schemes are becoming unwieldy for many decision makers because of the proliferation and splintering of investment categories, and advocates an approach that relies more on empirical evidence than on assumptions or intuition.
As concerns in private credit mount, Colorado PERA CIO and COO Amy McGarrity says the pension fund isn’t seeing any strains in its growing allocation to the asset class, arguing that long-term investors are shielded from the risks because they can lock up their capital to weather market cycles.
The coronavirus has triggered a market correction, bringing the S&P 500 off its all-time high. But as always an analysis of fundamentals, and the relationship between price and value, is essential for allocating capital. So could this be a time to buy?
A strategic and long-term focus sees the Minnesota State Board of Investment CIO, Mansco Perry, adopt a patient and encouraging approach when it comes to climate change and diversity. The $104 billion fund is also looking to expand its allocation to private markets, and double its internal team.
Opportunities exist to improve portfolio efficiency among Germany’s pension funds, but it will create additional governance requirements. The conservatism of the portfolios is seemingly more difficult to move and reflects the higher degree of comfort required by German investors. Head of investments in Germany for Willis Towers Watson argues it is important to note that the short-term comfort this may provide may well come at a long-term cost.
The £26.8 billion Wellcome Trust continues to reduce its allocation to external equities managers as the investment committee focuses on currency exposures, ESG and hedge funds,the impact of low interest rates and the position of the credit cycle in 2020.
The choice of benchmarks is one of the most fundamental decisions that investors make, but the time and respect it gets in the investment process is under-valued according to CIO of Verus Investments, Ian Toner, who explains why investors should care more about benchmark selection.
The CIO of the Helmsley Charitable Trust, Rosalind Hewsenian, has crafted a straight forward, contrarian strategy with liquidity at its heart.
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