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The scientific side of the active/passive debate

The recent decision by Norway’s SWF and some large US pension funds to explore their active management allocations, reported last week by conexust1f.flywheelstaging.com, reflects the re-ignition of the age-old active versus passive debate. But according to the scientifically-based INTECH, if maths prevails, it is an argument that is dead in the water. Amanda White spoke […]
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CPPIB consortium purchases Skype majority

The C$116 billion ($105 billion) Canadian Pension Plan Investment Board is part of an investor group led by private equity technology-specialist, Silver Lake, that has purchased a majority-stake in Skype Technologies from eBay, and “plans to build the company into a core internet franchise at huge scale”.
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CalsTRS initiates active/passive review

CalSTRS staff will present to the investment committee the first of three reports on the optimal balance between active versus passive in its global equity and fixed income portfolios, a process that will culminate in recommendations for any structural changes in February next year.
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New method for incentive compensation at CalPERS

CalPERS is contemplating an incentive schedule for senior investment executives that builds in downside risk, by expanding the range of the factor multipliers for the quantitative elements of investment performance plans, a move which could potentially eliminate a small compensation incentive award.
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End of an era as APG appoints new CIO

A focus on governance and sustainability has been recognised by APG Asset Management, in appointing former global chief executive of ING Investment Management, Europe, Angelien Kemna, as successor to chief investment officer Roderick Munsters, the man who has sat at the helm of two of the Netherlands’ biggest pension funds.
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