Editor Pick #1

Mario Batali Is Sorry bit.ly/tNYG1k

Yahoo is searching for a future. It offers a spectacle that involves huge war chests and equally inflated egos econ.st/v49Op6

Speech by Philip Lowe, Assistant Governor, to Australian Farm Institute Agriculture Roundtable Conference, Melbourne –goo.gl/Rjs1U

An unemployment cartoon of the day (with giraffes): nyr.kr/sdG2MV

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TPA to usher in clearer accountability at CalPERS

TPA to usher in clearer accountability at CalPERS

CalPERS chief investment officer Stephen Gilmore said the $650 billion fund’s upcoming shift to a total portfolio approach will sharpen investment accountability and help it focus capital allocation decisions on fund-level objectives.

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UN pension fund slashes equity and pushes into impact and venture

The United Nations Joint Staff Pension Fund (UNJSPF) recently reduced the allocation to equity in its $92.5 billion portfolio in what Pedro Guazo, representative of the secretary-general (RSG) for the investment of the UNJSPF assets, describes as a conservative strategic allocation in response to the overvaluation in tech.

CalPERS’ plan to generate alpha from climate investments

CalPERS’ sustainable investment strategy is predicated on a belief it can generate outperformance by investing in climate solutions – with $100 billion to be allocated by 2030. Peter Cashion, managing investment director for sustainable investments tells Amanda White why, and how, it looks for climate alpha opportunities.

AIMCo talks total portfolio approach, private credit, and risk

As AIMCo prepares to beef up its private credit team in New York, CIO Marlene Puffer explains how she plans to scale the allocation, as well as describing a new total portfolio approach to private markets, and the investor's new approach to risk management.

The subtle complexity of best-practice pension management

Identifying best practice in pension management is not a straightforward task. As much as asset allocators may want there to be a definitive answer, differences in size, mandate and resources between different pension funds means an investment approach that works for one may not work for others.

Why simplicity matters in total portfolio approach

The key to implementing a successful total portfolio approach is not about creating complexities, but rather maintaining simplicity within the shared lexicon of an investment team, said two of the approach's most well-known adopters.

Reflections on Fiduciary Investors Symposium, Toronto

The Fiduciary Investors Symposium was held in May in Toronto. Conexus Institute executive director David Bell shares his reflections through the lens of a researcher focused on Australia’s superannuation system and a former pension fund CIO, and someone with a strong academic background in all things investment and pension related.

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