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Investor Profile

Equity bias thwarts Irish sovereign fund’s returns

Ireland’s €15.5 billion (US$20.6 billion) sovereign wealth fund, the National Pensions Reserve Fund (NPRF), has been highly exposed to the equity market malaise. Kristen Paech examines the fund’s investment strategy and the Government’s recent decision to use the NPRF to finance the recapitalisation of two of Ireland’s beleaguered banks.
STAFF WRITERMay 5, 2009
Uncategorised posts

The marginal investor: thoughts from the edge

What’s in a Name (or an Acronym)? GFC is in the lexicon. It’s not in mine. I refuse to add to the surplus of investment TLAs in  circulation. I refuse because naming induces a dangerously comforting sense that we’ve understood or even controlled that named. Hurricanes sound less malevolent, friendly almost, when called Kylie or […]
STAFF WRITERMay 5, 2009
Uncategorised posts

$100b mismatch in private equity secondaries demand and supply

Recessions are traditionally considered a good time to invest in private equity, but liquidity constraints and the growth of unlisted assets within portfolios is causing pension funds to sit on the sideline. Sally Collier, London-based partner at global private equity fund of funds Pantheon Ventures, said there was a US$100 billion “mismatch” between the funds […]
STAFF WRITERApril 29, 2009
Research

Liability-responsive asset allocation

Russell Investments’ latest research argues some pension plans should consider a dynamic approach to strategic asset allocation that ties pension fund investing policy to changes in liabilities and a plan’s funded status. For the full report click here
STAFF WRITERApril 29, 2009
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