Politics mars appointment of Australian SWF chair
Australian’s $A73 billion ($77 billion) sovereign wealth fund has a new Government-appointed chairman and board member in a process that has become embroiled in politics.
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Due diligence demands put FoFs back in the picture
US investment consultancy Callan Associates favours fund of fund hedge fund allocations as the need to do comprehensive operational due diligence adds to the growing complexity of hedge fund investment.
Pension reform divides state of New York
Pension reform in the state of New York is politically embroiled with the New York Governor Andrew Cuomo and fellow democrat New York State Comptroller Thomas DiNapoli at opposite ends of the defined benefit/defined contribution debate. DiNapoli is the sole trustee of the state’s $149.9 billion public fund and a strong proponent of its defined
Ethics not returns drive AP7’s ESG policy
Returns are a secondary consideration to the ethical values of members when framing the socially responsible investment policy of Swedish fund AP7. AP7’s head of communications, Johan Floren, says that the fund is less concerned with socially responsible investment (SRI) as a driver of returns rather than as a reflection of the values and ethics
Index providers push into active managers’ domain
Index construction is pushing the boundaries of active management, with index providers launching products such as high beta to take advantage of market movements. S&P Indices is the latest to add to its family of high-beta indexes, recently launching two indexes of developed and emerging markets. Alka Banerjee, S&P Indices’ vice president of strategy and
Investors favour credit
Towers Watson’s negative outlook for bonds and its advice to increase allocations to high quality credit is being reflected in portfolio shifts by institutional investors.
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