US state SWFs in spotlight
The rise of sovereign wealth funds signals a shift in the balance of economic and financial power in the world, with fast-rising powers creating sovereign wealth funds to invest vast sums of relatively new-found wealth.
GIC, Temasek eye trillions of growth in climate adaptation market
Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.
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Investing for the long run
Long‐horizon investors have an edge. This paper argues to take advantage of the long-run investors should institutionalise contrarian behaviour by adopting a rebalancing rule, and redefining the concept of risk away from just volatility.
Tail risk insurance a long-term cost blow-out
Insuring against tail risk is too costly and a drag on long-term performance, with AQR Capital Management research revealing investors should instead make changes to their portfolio construction and risk management policies to better protect against unexpectedly large losses.
IMF assess China’s financial system stability
The International Monetary Fund has conducted a detailed analysis of the stability of the Chinese financial system. The stability of the financial system of the world’s second biggest economy has come under the spotlight as concerns about price bubbles in real estate markets, spiralling local government debt, and the sharp increase in off-balance sheet lending
Fiduciary duty: fantasy or fact?
In this challenging paper, Gordon Clark describes fiduciary duty as somewhat of a fantasy, because it looks to convention rather than forward to innovation in investment management.
Conventional indexes still popular
A new EDHEC-Risk Institute survey of 104 European institutional investment professionals analyses the current uses and views on equity and fixed-income indexes.
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