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.
Research by Mercer and the IRCC Institute looks at the investment horizon of active long-only equity managers across different geographies and styles, examining the mismatch between the time-horizon over which managers think and say they invest and how they actually invest. It gives some insight into the causes, consequences and possible solutions to short-termism.
A typical pension fund portfolio is so dominated by equity risk that returns will fluctuate widely according to economic conditions which affect equity markets. Amanda White spoke to Rob Zink, portfolio strategist and now consultant for Bridgewater Associates about why most investors have a flawed approach to asset allocation.
A group of institutional investors, led by CalPERS’ chief investment officer, Joe Dear, have dictated to US lawmakers that specific reforms must be made or the country could be in another crisis.
The new executive director of the San Francisco Employees’ Retirement System (SFERS), Gary A. Amelio, has come equipped with experience and ideas for the defined benefit pension plan that is managed by SFERS. With an aggressive investment strategy firmly in place, he spoke with Amanda White about the long-term vision, now being implemented.
US regulatory reform, such as the SEC’s plan to restore the uptick rule and the Volcker rule to restrict proprietary trading, are a step in the right direction for those advocating transparency. Amanda White explores the story with the chief executive of Principal Global Investors, Jim McCaughan, and head of research, analysis and strategy at
CalPERS is considering doing away with traditional asset class classifications in favour of classifying assets according to fundamental characteristics in a bid to provide a better understanding of portfolio risks and performance drivers and so move to a more effective portfolio construction and risk management framework. Amanda White reports.
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