Biden’s focus: Climate, China and Jobs

PGIM's chief economist and head of global macroeco
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Are Canada’s pension bosses paid too much?

Are Canada’s pension bosses paid too much?

Canada's public pension funds pay their executives huge salaries. But as performance continues to trail benchmarks, salary levels are coming under more scrutiny. Sarah Rundell takes a deep dive into the complex world of how to incentivise and reward pension fund executives.

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Asia still the epicentre of global growth, but with greater headwinds

Asia will remain the epicentre of global growth during 2023, but rising global headwinds will drive greater variation between markets, experts predict. Ben Hurley examines the outlook for the region ahead of the Fiduciary Investors Symposium in Singapore next month.

NBIM’s climate advisory board set to manage climate risk and opportunity

Norges Bank Investment Management has established a new climate advisory board. Carine Smith Ihenacho, chief governance and compliance  officer, spoke to Top1000funds.com and explains the task at hand.

Tough choices for PE investors in 2023: MassPRIM battens down

2022 was one of the most challenging years for private equity investment for years. Successful investment in today's volatile and challenging market involves vintage year diversification and steady pacing. And the MassPRIM investment team warns that aggregate headline US private equity valuations doesn’t tell the whole story.

The challenge of asset owners top-down bottom-up alignment with managers

For pension funds with a large roster of external managers, balancing the integration of top-down strategy with managers’ bottom-up implementation is one of the most challenging tasks says Mark Walker, CIO of Coal Pension. The key is to ensure external managers truly understand the strategic goals for the allocation.

Utah Retirement Systems: Why ESG is a waste of time

Divestment doesn't work, scope 3 reporting will tie companies in regulatory knots and ESG integration threatens pension funds long term returns and their ability to finance the transition. Utah Retirement Systems' John Skjervem says the only way to solve the climate emergency is to keep investing in fossil fuels.

Switzerland’s Publica hit by equity, fixed income correlation

Hit by last year's unusual correlation between equities and bonds, and in a bid to avoid higher long-term inflation, Switzerland's €45.6 billion Publica kick-starts a new strategic asset allocation that will reduce the bond allocation and result in a search for new managers.

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