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Sovereigns reign best on 3-legged stool

The optimal asset allocation for Sovereign Wealth Funds is a state-dependent allocation to three building blocks: a performance-seeking portfolio, an endowment-hedging portfolio, and a liability-hedging portfolio, according to research conducted by the EDHEC-Risk Institute.
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Climate-change investors damn US weakness

A group of more than 250 institutional investors has damned individual country national policies, particularly highlighting inadequacies in the US, as preventing more private capital flowing into climate change-related investments. The collaborative stance comes ahead of the United Nations Climate Change Conference in Cancun, Mexico.
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Money managers snooker consultants: Ennis

Reflecting on 40 years in the investment industry, founder of Ennis Knupp & Associates and executive editor of the FAJ, Richard Ennis, tells Amanda White why the investment consulting industry is at risk of becoming a distribution arm for the money management industry.
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