In the final part of a column series exploring a new risk management framework, 'risk 2.0', WTW global head of portfolio strategy Jeff Chee outlines what investment professionals of the future need to understand about the commonalities of risk events and the resulting benefits of an interconnected risk mindset.
Wall Street is not normally synonymous with sustainability. But today, the United Nations Secretary-General Ban Ki-moon will ring the closing bell at the New York Stock Exchange to welcome NYSE Euronext into the Sustainable Stock Exchanges Initiative, joining NASDAQ OMX and leading emerging market exchanges from Turkey, South Africa, Egypt, Brazil and India. Why would
On one hand, the decision by one of the United Kingdom’s leading foods businesses, Dairy Crest, to plug its £84-million ($130-million) pension deficit with cheese smacks of desperation. Any proactive investment strategy to get the $1.2-billion pension fund back on track has been abandoned for a funding measure using unconventional sponsor assets to plug investment
One year on and the job of trustees gathered at the United Kingdom’s National Association of Pension Funds, NAPF, annual investment conference in Edinburgh hasn’t got any easier. As the search for optimism in a low-return world endures, the conference seems to be caught in a time loop. Compared to last year, deciding on the
For a pension fund that describes itself as “ponderous”, the $154-billion California State Teachers’ Retirement System, CalSTRS, has moved uncharacteristically swiftly in recent months. The second largest public pension fund in the United States, the plan for teachers and faculty is in the process of divesting its holdings in gun manufacturers following the massacre at
It’s difficult to ignore the clamour around infrastructure investment, the asset class of the moment. Lloyds TSB and the London Pensions Fund Authority recently joined founder members of the Pensions Infrastructure Platform, PIP, a government initiative to encourage pension funds to invest more in infrastructure. The Universities Superannuation Pension Scheme, USS, just increased its allocation
The agenda at the United Kingdom’s National Association of Pension Funds (NAPF) annual shindig in Liverpool’s Echo Arena on the banks of the Mersey couldn’t have been broader. From early analysis of auto-enrolment, the biggest shake-up of the industry in a generation and just days old, to life expectancy, Britain’s role in the European Union,
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