The World Bank Treasury provides capacity building and investment management services to official sector investment managers such as central banks, sovereign wealth funds and national pension funds to help countries efficiently manage foreign currency reserves and other investment portfolios. The focus is on building governance and risk management frameworks that balance return objectives with prudent risk management and controls. Engagements typically last three years and target broad institution-building of investment management operations.
Amid calls from global leaders for pension funds to invest more in the green economy, institutional green investments still languish at less than 1 per cent of portfolios. A recent OECD report looks at some of the barriers facing investors wanting to invest more in the sector, with regulatory uncertainty and a lack of suitable […]
SAM RILEYMay 2, 2012
Ron Liesching, chairman of Mountain Pacific Group, an investment firm that contributed to the development of the FTSE Wealth Preservation Unit, examines a new solution to managing currency risk. Global investors struggle with one central issue, currency risk. Now there is a new solution: the FTSE Wealth Preservation Unit (WPU). The WPU is a diversified […]
Ron LieschingFebruary 29, 2012
After a tentative agreement was achieved by global leaders in Durban in December more than 500 global investors will meet at the United Nations next week to discuss the investment needed to address climate change. The chief executive officers of CalPERS and CalSTRS, as well as the comptrollers of New York’s state and local public […]
SAM RILEYJanuary 6, 2012
Sharan Burrow, the general secretary of the International Trade Union Confederation (ITUC), delivered the closing address to the recent Fiduciary Investors Symposium held in Beijing. Here is the full transcript of her speech to delegates.
Ghost Top1000November 16, 2011
Institutional investors need to move beyond “bombastic support” of ESG issues, says the head of the world’s peak trade union organisation.
Amanda WhiteSeptember 21, 2011
ESG, and more recently climate change, are now largely accepted in the investment process, and more importantly have passed the fiduciary duty test.
Amanda WhiteAugust 31, 2011
This World Bank policy research paper examines the herding behaviour of pension funds, concluding that funds herd more in assets for which they have less market information and when risk increases. Moreover, herding is more prevalent across funds that narrowly compete with each other. herding pension funds, World BankAsset Owner: White is responsible for the […]
Amanda WhiteJune 29, 2011