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.
Mergers and acquisitions among funds managers will continue at a steady pace for the remainder of this year as capital market stresses recede around the world, according to the latest report from Jefferies Putnam Lovell, a management consultancy.
An award for the academic paper with the most relevance to institutional investors, as judged by a panel including the chief investment officers of three large European pension funds, has been awarded to Laurence B Siegel, for his paper “Alternatives and Liquidity: Will Spending and Capital Calls Eat Your ‘Modern’ Portfolio?” published in the Journal
The A$58 billion ($46 billion) Australian Future Fund has made a number of corporate governance-related decisions, including bringing its proxy voting for domestic shares in-house and the creation of an environmental, social and governance risk management function.
Asset managers can dramatically reduce the carbon footprints of their funds through stock selection without the need to alter sector weightings or their overall investment strategy, according to a report by Mercer and Trucost for the WWF, that also found asset owners could encourage the active management of carbon risk in portfolios.
The investments committee and committee of actuaries of the $38 billion UN Joint Staff Pension Board will recommend the introduction of new asset classes, including emerging markets equity and debt, real return assets and private equity in a presentation to the board in July.
The $200 billion China Investment Corporation (CIC) will have between $4 and $6 billion invested in hedge funds by the end of this year, and will develop in-house expertise including long/short under Felix Chee, special adviser to the CIO, as part of a wider recruitment drive which includes more than 30 new positions.
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