Hermes, the investment management arm of the £28 billion ($45 billion) BT Pension Scheme in the UK, is building a ’boutique of boutiques’ via an aggressive expansion plan that includes lifting funds management teams from the private sector, with the aim of selling its alpha expertise to other pension funds globally from January 1, 2010.
The GMO chief argues why honouring Ben Bernanke is similar to saluting the captain of the Titanic, and why making banks that are ‘too big too fail’ even bigger is sheer lunacy, while identifying other instances in which many of the people enjoying financial incentives, rewards and public praise in the US are unworthy recipients.
Gareth Thomas, Minister of State with the Department for International Development in the United Kingdom, has urged pension funds to help boost private funding for low carbon investments in the developing world, calling on the group of investors at the P8 Summit to consider potential public financing mechanisms emerging from the private sector, including advanced
Chief investment officer of CalPERS, and chair of the Council of Institutional Investors, Joe Dear, has warned of a “reform facade” as memories of the crisis fade and resistance to reform instensifies, calling for a more comprehensive regulatory umbrella, and specifically for most over the counter derivatives to be traded on exchanges, in a speech
When Paul Woolley, academic-turned funds manager-turned academic, set up his research Centre in 2007, the two main associated universities, London School of Economics and University of Toulouse, didn’t like the name. But he insisted and now the Paul Woolley Centre for (the study of) Capital Market Dysfunctionality has a significant body of work in progress.
CalSTRS has named three consultants in its shortlist to act as general consultant, including for the first time Meketa Investment Group, long-time consultant to Harvard Management Corporation and more commonly known as a specialist in infrastructure, under a new tiered approach to the use of consultants introduced by chief investment officer, Chris Ailman.
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