The State of Wisconsin Investment Board is incorporating top-down macro analysis of the drivers of stock-bond correlations into its risk management, including to assess the potential of a secular shift in the stock-bond correlation.
An increased focus on liquidity management through factors, a leaning towards public markets and robust risk management are all key to implementing HOOPP’s “maniacal focus on liquidity” that helps CIO Michael Wissell sleep at night. Amanda White spoke to the Toronto-based investment chief ahead of the Fiduciary Investors Symposium.
Deputy CIO Scott Chan has been appointed to the top investment job at CalSTRS. Top1000funds.com takes a look at his leadership style and his influence so far on the team and the fund’s investments.
Factor rebalancing a portfolio is a better way to manage liquidity and leverage implications of illiquid assets compared to traditional rebalancing to a static asset allocation, according to new research.
Two of the biggest pension funds in the world, the Dutch APG and Japan’s GPIF, have joined forces to invest in large scale infrastructure deals. The move comes as APG Asia head Thijs Aaten says he envisages more than half of the fund’s real assets will be in Asia.
The key to constructing investment portfolios with resilience to rapid and unexpected changes is to remain humble, interrogate the data, and not be fooled into thinking the future can be predicted perfectly, according to head of multi-asset strategy APAC for Wellington, Nick Samouilhan.
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