Hawaii expands CRO strategy
The new CIO at the Hawaii state pension fund is looking for additional sources of uncorrelated return, including hedge funds, and will look to add new managers to the lineup. Sarah Rundell talks to Elizabeth Burton.
Oil crisis: Curb or catalyst to the green transition?
The blockage of the Strait of Hormuz has left the world facing another energy crisis and warning bells of a global recession are growing increasingly shrill. Ostensibly, the crisis could also push the energy transition back as governments and companies scramble to shoulder the cost of $100 per barrel of oil and prepare for higher
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Ignore diversification: BCI’s Dunatov
Stefan Dunatov, head of investment strategy and risk at Canada’s $170 billion British Columbia Investment Management, says long term investors should forget about diversification at the strategic level and instead focus on buying growth beta assets.
Air Canada’s TCC prepares for take off
Air Canada, the pension fund for Canada’s flagship carrier, is preparing to manage external assets in a bid to let other pension funds and institutions tap into its top decile performance and 65-strong expert internal team.
Active US large cap adds nothing
Active investing in US large caps has detracted value from US pension fund portfolios and exposures should be indexed, according to new research by CEM Benchmarking. This could result in huge cost savings and have implications for how pension funds spend their active budget.
KLP shows the active side of passive
Norway’s fund for local government employees and healthcare workers, KLP, abides by strict internal ESG principles. Sarah Rundell looks at how this translates to investments in emerging markets, its view of indexes and a concentration of manager relationships.
Past returns: don’t even guide the past
The Thinking Ahead Institute's Tim Hodgson argues that past returns were over-stated, and future returns will be lower. More accurately, total value created will need to increase for shareholders to retain the same amount of value as previously.
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