Someone once told me the reason the Dalai Lama is always smiling, even when he’s talking about war, is that his view of the world, and all its troubles, is like a knowing father watching a child work through the wonderment and challenges of life. It is with this view that institutional investors must face
It is now more critical than ever for investors to step up their dialogue with policy makers regarding climate change initiatives, the executive director of the Institutional Investors Group on Climate Change, Stephanie Pfeifer, says in the wake of the UN climate change talks in Durban.
The Policemen’s Annuity and Benefit Fund of Chicago has appointed GMO and PIMCO to global tactical asset allocation mandates boosting the fund’s alternatives allocation by 10 percentage points.
CalPERS has negotiated about $20 million in annual cost savings through a reduction of fees in its alternatives manager program and millions saved through a renegotiated contract with UBS.
Asset owners are increasingly putting pressure on their asset managers to abide by the CFA asset manager code of professional conduct, with one CIO stating that managers who do not comply could be penalised in the future.
The $38 billion United Nations Joint Staff Pension Fund (UNJSPF) has begun to implement the recommendations of the Hewitt Ennis Knupp asset-liability study which, among other things, recommended higher allocations to indirect assets, emerging markets and private equity.
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