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FIS Amsterdam 2013

Global economic growth evolving

Olga Pomerantz, economist at Chicago-based William Blair & Company, offered delegates at  the Fiduciary Investors Symposium reasons to be positive. Pomerantz says the factors inhibiting growth from 2009 until last year have altered and that global economic growth is starting to evolve. She notes stronger growth in developed markets, where growth in the US has […]
FIS Amsterdam 2013

Hybrids win governance race: Wisconsin research findings

Hybrid pension schemes, combining both defined contribution and defined benefit characteristics, are best for governance because they align interest of both employees and sponsors argue David Villa, chief investment officer of the $91-billion State of Wisconsin Investment Board (SWIB) and Sorina Zahan, partner and chief investment officer of Chicago-based Core Capital Management, speaking at Conexus […]
Investor Profile

Finding wriggle room in North Dakota

The monthly income pouring into the $1.3-billion North Dakota Legacy Fund arrives as thick and fast as fracking technology and new pipeline networks can draw the state’s oil and gas reserves to the surface. But investment strategy at the fund, set up in 2008 when it was portioned 30 per cent of the tax dollars […]
Investor Profile

Irish construction fund hangs on to Dublin debt

Few industries around the world could have more reason to bemoan their fortune in the recent past than the Irish construction sector, which recently recorded its first month of growth in over six years. The €1.2-billion ($1.6-billion) fund that invests construction workers’ pension savings on the Emerald Isle has jumped at the opportunities presented by […]
Uncategorised posts

Walmart takes divestment blows to the body

Two more high profile investors have punished US retailer Walmart for its anti-union stance and poor labour practices by divesting their holdings in the company. AP Funds, Sweden’s cluster of state pension funds named AP1 through to AP4 and AP6 (there is no AP5) worth a combined $140 billion, sold its equity and corporate bond […]
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