Scott Chan is shocked the market hasn't reacted more to the crisis emulating from the US-Israel-Iran conflict. But the CalSTRS CIO is confident its one fund approach allows it to position dynamically and ensure diversification no matter what is presented.
The $16.3 billion Yale endowment has increased its long-term allocation to private equity from 21 to 26 per cent, and increased the real assets exposure from 29 to 37 per cent.
The Yale endowment has a substantial and growing exposure to green investments with allocations in timberland, emerging markets and venture capital including more than $100 million in cleantech.
Bringing externally managed funds under the guidance of the internal investment team is a key component of OMERS’ growth plans, with the fund moving to having more direct control over its investments, according to new chief investment officer, Michael Latimer.
The benefits of risk parity portfolios are largely an illusion and contain hidden risks such as confusing volatility with risk and including asset classes that have significant negative skew, which combined with leverage could be painful for investors, according to director of asset allocation at GMO, Ben Inker.
Non-executive directors’ pay should consist solely of a combination of a cash retainer and equity-based remuneration, according to the International Corporate Governance Network’s new guidelines for non-executive director pay crafted over the past several years in consultation with, and on behalf of, many of the largest global shareowners.
Higher than expected foreign exchange transaction costs can result in a long-term return drag on a portfolio of up to 2 per cent over 40 years according to new research by Russell Investments, which urges investors to review and measure foreign exchange costs.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
Top1000funds.com is read by investment professionals in more than 40 countries.
Featured Story