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Mercer: think laterally on bonds

The angst in Europe has calmed down, relatively speaking, but according to Mercer, it will be a long haul, with deleveraging there and in the US taking many years. Investors need to act accordingly. Part of the problem is that conventionally safe assets, such as US Treasuries, are expensive. “That will take years to work […]
Investor Profile

HOOPPla! The balance sheet is an asset

Jim Keohane’s first annual results as chief executive of HOOPP have been satisfying. The fund returned 12.19 per cent in 2011, a result well above its peers. It is 103-per-cent funded, and has reached assets of more than $40 billion for the first time. However, he says the unique investment approach and structure that has […]
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CEM study reveals in-house savings

A defining characteristic of leading pension funds globally is the cost savings garnered from in-house investment management. An organisational design study by CEM Benchmarking has revealed that “leading” funds have an average of 49 per cent of assets managed in-house, and yet the internal staff and non-manager third-party costs make up only 15 per cent […]
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Total cost shakedown at CalPERS

Up to 8.9 basis points will be slashed from the total cost of managing the CalPERS’ investment portfolio in the next three years, under a new investment resource strategy which could also see internal administration costs increase by $6.5 million next year, and internal staff accountable for internal versus external management allocations. The internal investment […]
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ESG almost an afterthought

Only 26 of 4300 companies surveyed by Governance Metrics International (GMI) have a specific clause that measures executive compensation against a sustainability metric, and institutional investors play a pivotal role in transforming this behaviour. Kimberly Gladman, director of research and risk analytics at the governance research company GMI, says investors should set the expectations that […]
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Broader engagement at UNPRI

The United Nations Principles of Responsible Investment (UNPRI) will expand its focus beyond the micro focus of ESG implementation for its signatories to include thought-leadership research and public and policy debate, writes Amanda White. James Gifford, executive director at UNPRI, said the new strategy came out of its board meeting last week in Australia and […]
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