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.
In seeking to minimise pension risk, many companies have chosen to freeze or close defined benefit pension plan in the hope such an approach might give them time to adjust and increase corporate value. In a recent article published in the Financial Analysts Journal, Brendan McFarland, Gaobo Pang and Mark Warshawsky examine the impact of
Governments are among the few agencies that can help the private sector hedge against the increasing problem of aggregate longevity risk. David Blake, Tom Boardman, Andrew Cairns and Kevin Dowd from the Pensions Institute at Cass Business School urge governments to issue longevity bonds as soon as possible
New research of hedge funds managers by Preqin shows it is clear the idea of a ‘2 and 20’ fee structure is outdated and, although less succinct, a more accurate reflection would be a “1.63 and 17.21” formula.
The inherent breadth and ambiguity of environmental, social and governance issues has resulted in the integration of ESG considerations into portfolio design remaining largely a philosophical push, without clarity on the direct and indirect impacts on shareholder value. In this working paper, AQR Capital Management’s Jeff Dunn, outlines a simple framework for considering the impact
For the first time since 2006, Watson Wyatt has written a report that revisits the macro-economic factors that may affect global returns over the next decade. It highlights the increasing influence of public policy and emerging wealth on the investment agenda, and draws some tentative conclusions regarding the implications for investment portfolios.
The financial crisis has placed defined contribution (DC) pension provision firmly under the spotlight. The dramatic falls in fund values observed for most members during 2008 have been drawing attention to the risks inherent in DC pension provision and focusing attention on how employees, employers and plan fiduciaries can better manage their DC pension plans.
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