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Pastoral musings on investments

Chief research strategist and head of beta research at RogersCasey, Cynthia Steer, takes a summertime look at the “New World” of investing. She compares today’s investment challenges to those of gardening, and in contemplating the stoicism and constancy of long-time gardeners and farmers, she notes that portfolios today need to be re-constituted, the risk within […]
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CalPERS’ securities lending loss

CalPERS will continue its securities lending program following an annual review, despite significant pressure on its collateral pool, with income of $220 million generated for the year to March but unrealised losses on the internal collateral reinvestment of $854 million.
Investor Profile

Creative mandates for UniSuper as new CIO settles in

Fresh from a stint as head of asset management at China’s second largest insurance company, Ping An, the new chief investment officer of the $A19 billion ($16 billion) UniSuper, John Pearce, has some definitive views on how to position the fund for the future, including bringing some equities management in-house, focusing on infrastructure in the […]
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SWFs to alter allocations for a more optimal portfolio

Sovereign wealth funds (SWFs) may allocate substantially more to equities if they consider correlations between natural resources and financial assets in portfolio optimisation, according to State Street’s Vision Report, which also suggests SWFs consider becoming more active share owners as a consequence of the financial crisis.
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