The severe impact of the European debt crisis on financial markets has spurred EDHEC-Risk Institute to investigate whether equity investors can earn a premium through sovereign risk. Professor Nöel Amenc, EDHEC-Risk Institute director, speaks about the emergence of what could be a new risk factor and other research focusing on Asia.
Russia’s central bank, which has $558.4 billion in foreign exchange reserves, has appointed National Australia Bank to manage up to 1 per cent, or $5.58 billion, of its assets in Australian cash instruments.
The manager of Timor-Leste’s $8.3 billion sovereign wealth fund, the Banking and Payments Authority (BPA), was inaugurated as the island nation’s central bank on Monday.
Like most asset allocation strategies, the ‘endowment model’ for investing was challenged by the financial crisis and its practitioners have learnt lessons from the episode, according to Sandra Urie, CEO at Cambridge Associates, an asset consultant with deep experience in the field.
The South Korean Government has teamed with Abu Dhabi’s largest sovereign wealth fund, the $627 billion Abu Dhabi Investment Authority (ADIA), to jointly pursue future investment opportunities.
The institutional foray into hedge fund strategies is changing the way these managers invest. In turn, the hedge fund industry is being shaped by this now dominant investor base.
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