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UK funds lead charge on ESG

The £3.6 billion ($5.9 billion) London Pensions Fund Authority has recently beefed up its internal environmental, social and governance capabilities, resulting in more effective engagement, including with the Mayor of London. Kristen Paech talks to chief executive Mike Taylor about LPFA’s short, medium and long-term objectives for ESG and why the fund has taken matters […]
STAFF WRITERAugust 12, 2009
Uncategorised posts

Harvard endowment in hiring mode

The Harvard Management Company (HMC), which manages the assets of the Harvard Endowment, is hiring again after cutting up to a quarter of jobs earlier this year, with 18 investment, accounting and technology support jobs currently on offer, and chief executive, Jane Mendillo, citing a plan to add key investment professionals in coming months.
STAFF WRITERAugust 4, 2009
Uncategorised posts

Institutions review securities lending programs

Almost half of US institutional investors are turning their back on securities lending programs, with cash collateral reinvestment losses the leading concern among three quarters of those who participated in a recent survey by Callan Associates, and for a lot of funds the next decision is what course to take in the recovery and mitigation […]
STAFF WRITERAugust 4, 2009
Research

A framework for ESG considerations in portfolio design

The inherent breadth and ambiguity of environmental, social and governance issues has resulted in the integration of ESG considerations into portfolio design remaining largely a philosophical push, without clarity on the direct and indirect impacts on shareholder value. In this working paper, AQR Capital Management’s Jeff Dunn, outlines a simple framework for considering the impact […]
STAFF WRITERJuly 28, 2009
Research

Macro factors – the update: Watson Wyatt

For the first time since 2006, Watson Wyatt has written a report that revisits the macro-economic factors that may affect global returns over the next decade. It highlights the increasing influence of public policy and emerging wealth on the investment agenda, and draws some tentative conclusions regarding the implications for investment portfolios.
STAFF WRITERJuly 28, 2009
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