The asset allocation of corporate pension plans should be driven by corporate finance not asset management according to Bernd Scherer, affiliate professor of finance at EDHEC Business School, and instructor of an upcoming seminar on portfolio construction and risk budgeting in Singapore.
There’s been a little bit of chest beating of the gorilla type in the US, on both the political and finance sides of the fence. I can’t help thinking the testosterone levels are getting a little out of control and some of the behaviour has been more about protecting territory rather than acting in the best interests of the electorate, clients, beneficiaries, or neighbours.
CalPERS will change its interim asset allocation targets to accommodate the smooth transition of the real estate portfolio to its long term 10 per cent allocation.
Market volatility is not something the Thinking Ahead Group at Towers Watson concerns itself with, it is more worried with understanding the interconnectedness of the world and how that can help create ‘useful investment maps’. With this in mind, head of the group Tim Hodgson, says it recently recalibrated its list of 15 “extreme risks”.
Partner and global head of Mercer’s responsible investment business, Jane Ambachtsheer, has received a lifetime achievement award for her commitment to socially responsible investment in Canada. She spoke to Amanda White about what it’s like to be a life-time achiever at the age of 36, and what still needs to be done in integrating ESG
I had a moment this week where I was utterly absorbed by how indulgent my job can be. I interviewed Tim Hodgson, head of the Thinking Ahead Group at Towers Watson. He gets paid to think, and I was getting paid to talk to him about thinking. Anyway, it’s had a knock-on effect and ever
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