Investors are watching conflict in the Middle East closely as inflationary pressures begin to build beneath the surface. One of the challenges for many investors is reduced exposure to the hedging benefits of fossil fuels in listed, and private markets.
The $32 billion Alaska Permanent Fund has taken a unique approach to asset allocation, re-organising the fund according to how investments respond to economic conditions and their purpose in the portfolio. Chief executive, Mike Burns spoke to Amanda White about the new approach, which also includes a search for four ‘external CIO’ mandates. Alaska Permanent
The Pension Consulting Alliance is warning clients to exercise caution in investing in the Public-Private Investment Program, advising that other opportunistic fixed income investments offer a better risk/return profile.
The CIC has named a 14-member International Advisory Council, which will advise the board and senior management on issues including portfolio development, strategy, and overseas investments.
CIC is poised to invest more than 80 per cent of the assets still allocated to cash in its $100 billion global portfolio, as it outlined in its first annual report to stakeholders it”cannot achieve its goals without productively deploying its capital”.
The Pension Research Council, part of the Wharton School at the University of Pennsylvania, recently hosted the 2009 Wharton Impact Conference, where leading academics, public pension sponsors and their advisors met to examine ways to reformulate and restructure retirement risk management. This is a summary of the proceedings, organised by Olivia Mitchell and Robert Clark.
A return on investments of 4.5 per cent for the first six months of this year, contributed mostly through emerging markets and commodities, has resulted in the coverage ratio of the €180 billion ($250 billion) ABP increasing from 90 to 98 per cent, well within the 93 per cent by the end of 2009 stipulated
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