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Quant modelling in private equity a sign of maturity

Managing director of Adveq, Peter Laib, believes private equity fund-of-fund portfolios need more analytical oversight and that diversification should be driven by the timing of capital in the market, not the number of funds. He spoke with Amanda White about the next phase of private equity as an asset class.
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CalPERS’ absolute return mess

Wilshire’s annual review of CalPERS’ internal risk managed absolute return strategies (RMARS) has revealed a number of anomalies compared with its other global equity investments, including an over-reliance on quantitative tools and inadequate staff compensation incentives.
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Commodity investing: papering over the problems

As funds globally review their investment policies, investment consultants are now strongly endorsing commodity investment, with funds generally planning a staged 3 to 6 per cent strategic allocation into commodities. Writing exclusively for conexust1f.flywheelstaging.com, chairman of Mountain Pacific Group, Ronald Liesching, traces the history of commodity investing, highlighting the risks and benefits for pension fund […]
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Michigan balances pension needs with the ultimate asset management portfolio

Heading into its asset allocation study next year, staff at the Municipal Employees’ Retirement System of Michigan are cognisant that managing pension fund assets does not necessarily mean building the ultimate asset management portfolio. Chief investment officer of the fund, Jeb Burns, spoke to Amanda White about the fund’s asset allocation including a recent increase […]
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