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CIC expands global reach

The Chinese Investment Corporation will hire a throng of investment professionals to join its nearly 200-member global investment team, following the second meeting of its international advisory council in Shanghai this month.
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What now?

This RogersCasey position paper examines the inflation-deflation debate, and the strategic role of real assets in portfolios, concluding there will be higher volatility around long-term average inflation, and that clients should diversify away from US treasuries to protect against sovereign risk.
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Dutch giant see-saws to recovery

The precarious seesaw that is pension fund asset-liability management is demonstrated in the latest results of the giant Dutch pension fund, ABP, with the fund’s coverage ratio falling, despite positive investment returns, and the fund being only slighly ahead of its recovery schedule. In the first six months of this year the fund’s pension liabilities […]
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Process over performance

Using performance, even as a filter, to hire or fire funds managers is a dangerous game, according to head of the international division at Enhanced Investment Technologies (INTECH), David Schofield. Choosing any partner, whether personal or business, can be fraught with complexity, and the process of hiring and firing managers does not escape those selection […]
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