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.
Turmoil in financial markets and the need for greater transparency has triggered a review of the $174 billion CalPERS’ existing governance and risk management framework, with a new ad hoc committee tasked with reviewing the risk management framework across the entire business.
Investors should be wary of “new paradigm” arguments, according to the latest research by consulting firm Wurts & Associates, which reminds investors the forces driving capital markets rarely change, but the position within market cycles is ever changing. Wurts & Associates’ philosophy on strategic asset allocation is that static portfolio structure is an ineffective means
The New Mexico Educational Retirement Board’s aggressive move into alternatives has not been without hurdles. Chief investment officer, Bob Jacksha, spoke to Amanda White about the plan’s alternatives strategy, the bumps along the road and his expectations of the sector. Two years ago the $6.6 billion New Mexico Educational Retirement Board started looking for a
Drastic changes to the composition of the US bond index, the Barclay’s Capital Aggregate Index, will create opportunities for active bond managers and provide rationale for institutional investors concerned about active management in the sector to adhere to their long-term asset allocation.
The International Corporate Governance Network (ICGN), with members from 47 countries responsible for global assets of US$15 trillion, has urged the International Accounting Standards Committee (IASC) to prioritise investors, not auditors, as the key stakeholders in the setting of global financial reporting standards.
In an exclusive interview, Amanda White, editor of top1000funds.com, talks to the modern portfolio theorist about markets, portfolio rebalancing, Madoff and more.
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