Scott Chan is shocked the market hasn't reacted more to the crisis emulating from the US-Israel-Iran conflict. But the CalSTRS CIO is confident its one fund approach allows it to position dynamically and ensure diversification no matter what is presented.
Sovereign wealth funds are prioritising a review of their internal risk management frameworks and better communication with their stakeholders regarding expectations of financial markets, according to Patricia Pascuzzo, global head of national funds consulting at Mercer.
In the nine months to March 2009, the $111.6 billion US fund, CalSTRS has vastly altered its asset allocation, decreasing its equities allocation, with global equities now 6.8 per cent underweight the target allocation.
Richard Lacaille, chief investment officer of the world’s largest institutional investment manager, State Street Global Advisors, spoke with Amanda White about the economy, when markets will turn and the asset allocation and strategies that will best take advantage of that.
Last week Russell Investments released new research arguing some pension plans should consider liability-responsive asset allocation – asset allocation that changes depending on the plan’s funded status. In this in-depth interview Amanda White explores the concept with one of the report’s authors, director of investment strategy, Bob Collie, including why until now such dynamic asset
Investment grade corporate debt, non-agency residential and commercial mortgages, high yield corporate debt, and private equity distressed debt all constitute recommended potential mandates in the credit markets, according to director of research at US-based Wurts and Associates, Eric Petroff.
Investors with investment decision-making processes that embrace uncertainty and manage risk will be the investment winners in the next five years, according to global chief investment officer of Mercer, Tim Gardener, who believes institutional investors need to revamp their decision-making processes.
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