Being joined-up: Why it’s so important

Being joined-up is an interesting phrase. Its use
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CalPERS, La Caisse raise the bar for active managers

CalPERS, La Caisse raise the bar for active managers

CalPERS may have doubled the fees it pays for active management in public equities, but the alpha it generates has quadrupled, says global equity head Simiso Nzima, who has spent three years pruning a roster of nearly 100 managers down to a tightly scored handful. La Caisse's Mario Therrien describes a parallel discipline, using external managers not just for returns but as a "window to the world" on emerging strategies, from quant investing to AI.

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Healthcare’s multiple opportunities

William Haseltine had a long career at Harvard Medical School, educating a generation of doctors, and designing the strategy to develop the first treatment for HIV/AIDS. He addressed the Fiduciary Investors Symposium about important topics in medicine and health development.

MMT: A solution to broken policy?

The solution to slowing global growth lies in a new way of thinking, Stephanie Kelton, a leading Modern Monetary Theory scholar at Stony Brook University and senior economic advisor to presidential candidate, Senator Bernie Sanders, told delegates at the Fiduciary Investors Symposium at Harvard University.

Wisconsin’s data solution

David Villa, CIO of the $110 billion State of Wisconsin Investment Board is worried about the outlook for returns. As a result he’s significantly underweight sovereign bonds in favour of cash. But he’s also positioning the organisation to do better analytics for more complicated portfolios, another result of a low return environment. The fund is working on at least five data and technology projects and has hired a chief technology and operations officer.

AustralianSuper eyes India

Australia’s largest industry super fund has looked to India to boost returns, as it ramps up its allocation in offshore private markets to further diversify its portfolio.

CalPERS benefits from income allocation

CalPERS traded $55 billion in fixed income securites last financial year as it implemented its new internal structure apportioning fixed income assets across three groups: treasuries, spread and high yield. The asset class returned 9.6 per cent for the year.

Investors cluster around AI SDG platform

A growing number of influential asset owners have expressed interest in a new sustainable development investment (SDI) Asset Owner Investor Platform launched by Dutch funds APG and PGGM. The AI-driven technology sifts through reams of structured and unstructured data to gauge the extent to which companies’ products and activities meet the UN’s Sustainable Development Goals.

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