Conservatism impedes behemoths
The largest 20 pension funds globally, which make up 39.2 per cent of the largest 300 funds, have underperformed the rest of the universe measured by the Towers Watson/Pensions & Investments survey for the first time.
The largest 20 pension funds globally, which make up 39.2 per cent of the largest 300 funds, have underperformed the rest of the universe measured by the Towers Watson/Pensions & Investments survey for the first time.
Internal investment committees and teams should be given an investment management agreement by their boards, in order to define accountability, according to Russell Investments expert, Sorca Kelly-Scholte.
The defined-benefit New York State Teachers’ Retirement System is defending its 8 per cent assumed rate of return at a time in the US when the limelight is focussed on pension fund structural issues.
SimCorp Strategy Lab, a private research institution, designed to challenge industry best-practice on issues relating to mitigating risk, reducing cost and enabling growth in the investment management industry, has set up four new sector-specific research groups including a separate group focused on pension funds.
The Abu Dhabi Investment Authority has hired General Motors’ chief economist and director of global economic and industry analysis, Ted Chu, as its chief economist.
The $71 billion Washington State Investment Board has made a renewed commitment to overweighting emerging markets and private equity, but a comprehensive enterprise-wide risk management framework will help ensure the inherent risks of that strategy remain in check.
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