Did S&P downgrade democracy?
Rogerscasey chief executive, Tim Barron (pictured), provides a different perspective on the S&P downgrade of US Treasuries, asking whether the act was actually a downgrade of democracy in that country.
Rogerscasey chief executive, Tim Barron (pictured), provides a different perspective on the S&P downgrade of US Treasuries, asking whether the act was actually a downgrade of democracy in that country.
Harvard Management Company (HMC), which manages the $32 billion Harvard endowment, has made significant alterations to its policy portfolio, including increasing allocations to emerging market equities and the externally-managed absolute returns program, while slashing fixed income allocations.
The Council of Institutional Investors (CII) has released a report analysing investor motivation for voting against the “say on pay” proposal at companies where the motion failed to receive majority support at annual meetings this year. The study, conducted by independent executive compensation and performance consultancy Farient Advisors, examines how the new “say on pay”
The Florida State Board of Administration (SBA) is looking for managers to run up to $6 billion in mandates as it expands its allocations to alternative assets such as private equity, hedge funds, real estate, infrastructure and commodities.
A rigorous debate between staff, consultant and investment committee has resulted in the $224-billion CalPERS deciding to fund an allocation to hedge funds from its global equities allocation, using futures to neutralise the policy allocation, rather than have a separate strategic asset class. But the strategy is on watch, and will be reviewed mid-next year.
APG, one of the world’s largest institutional investors, has released a corporate governance policy in which it makes clear that the boards of companies must take sustainability, shareholder and stakeholder interests into account when making decisions.
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