In reading the superb editorial that backgrounds the naming of Barrack Obama as Time magazine’s Person of the Year for 2012, it is clear one of the reasons he was chosen was his ability to embrace change. In particular he shows leadership of the new America, namely people under 30, Hispanics and African Americans. Adapting
Last month conexust1f.flywheelstaging.com hosted a thinktank with a group of influential Australian investors to discuss the opportunities in European distressed debt. Participants included the Australian Government’s $80 billion sovereign wealth Future Fund, the $68 billion QIC, and leading asset consultants, with guest speaker sir David Cooksey, former board member of the Bank of England, chairman
Since becoming chair of the $80-billion Future Fund in March, David Gonski has set an agenda to act like a public company chair. An element of that vision is to very clearly delegate to management. “The general manager has been elevated to a managing director and the six-monthly announcements will be his,” he says. Another
The pension and funds management industry is self-serving. There are too many players, there’s too much jargon, too much leakage and too much patting each other on the back. And that’s not just my opinion: the results of a 12-month research project, across 60 countries and more than 3000 investors concur. The research by State
The pension and funds management industry needs to redefine performance to an absolute return measure, according to The Influential Investor: How Investor Behaviour is Redefining Performance, a paper that is the result of 12 months of research with more than 3000 investors and investment providers across 68 countries. The report, which sought to uncover the
Endowments and foundations in the United States are more concerned with the US political and fiscal gridlock than the uncertainty caused by the European debt crisis, according to a survey of non-profit organisations by Mercer Hammond. Partner at Mercer Hammond, Russ LaMore, says the US situation dominated the global macroeconomic concerns of these investors, followed
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