The China Investment Corporation deployed nearly 30 per cent of its cash, or $35.7 billion, in 2010, mostly into private equity, real estate, infrastructure and other direct investments with its alternatives allocation increasing from 6 to 21 per cent in the year.
Two new global roles have been added to Mercer’s investment business executive suite, with Russell Clarke appointed global chief investment officer of mainstream assets, and Cara Williams global head of wealth management.
A Maid Marian of sorts, I like the idea of taking from the rich to give to the poor, and I certainly believe in a low-carbon economy, so it’s pleasing to see momentum building for the causes behind a financial transaction tax in Europe and the UK. But I’m not convinced such a tax is
New York Governor, Andrew Cuomo, has introduced a reform agenda for the $140 billion State Common Retirement Fund in a bid to reduce the burden of its liabilities on taxpayers, but there is no sign of fulfilling his election promise of changing the governance structure of the fund.
Financial studies students at one of New York’s most-respected business schools, Columbia Business School, are asked to suggest a new governance model for the State Common Retirement Fund, as its current model of a single trustee is held up to be “the worst example of governance” in a large pension fund in the developed world
Risk management is the new black – never out of fashion and always reliable. Russell Investments’ director of investment strategy, Canada, Bruce Curwood, explains why risk management is the cornerstone of investing and why now is the perfect time to talk to fiduciaries about their governance structures.
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