North Carolina treasurer up for a fight
The head of North Carolina’s pension fund, Treasurer Dale Folwell, is dropping some managers, calling out others, and remaining cautious about reallocating capital – all without a CIO.
Why traditional investment committees can amplify group biases
Investment committee meetings, a governance cornerstone at every asset owner organisation, run the risk of amplifying group biases and social dynamics, and can push the IC towards recommending more extreme investment positions collectively than the average of their individual views. Bernhard Scherer, head of portfolio implementation at ADIA, unpacks the thesis in a new paper.
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SWIB praises tech overhaul
Portfolio-level views of risk and alpha-generating strategies help explain why the State of Wisconsin Investment Board says its technology refresh has already paid for itself.
Future Fund could manage others’ money
Managing money for default super is a possibility for Australia’s sovereign wealth fund. Its leadership also said becoming more ‘nimble’ and adding activity in venture and growth were priorities.
Consequences of short-term investment
Equity managers are skewed to potentially sub-optimal short-term investment, a new study shows, with little understanding of opportunities missed, risks ignored and hidden costs.
AustralianSuper’s equities ride
The large size and penchant for active investment of the $120 billion AustralianSuper present both opportunities and challenges for its fund managers and inhouse equities team.
The value of the Canadian model
A lot has been written about the superiority of the “Canadian model” for managing pensions, but can a value be assigned to this organisational design structure?
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