ESG obligations a recipe for disaster

The attempts being made to expand the fiduciary ob
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European investors reject debt crisis narrative as higher bond yields trigger fixed income shift

European investors reject debt crisis narrative as higher bond yields trigger fixed income shift

The rise in government bond yields is being driven by higher policy-rate expectations and commodity supply concerns linked to the Strait of Hormuz, not fears of an imminent sovereign debt reckoning. Investors share how they are preparing for higher returns.

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Why small is beautiful at Illinois’ IMRF

The $42 billion Illinois Municipal Retirement Fund is dedicated to investing in emerging managers with a commitment of 22 per cent of its total portfolio. The relationship with minority and women-owned managers is mutually beneficial. Sarah Rundell talks to head of the IMRF emerging managers program and the co-chief investment officer of equities at one of its managers, Piedmont.

Illinois’s innovative first

Illinois State Treasury is planning a new $700 million allocation to student loans in the first investment of its kind for any US state treasury. The $32 billion state treasury has never been scared to innovate.

USS invests in EM linkers

The £65 billion Universities Superannuation Scheme is investing in inflation-linked emerging market bonds to profit from developing economies higher bonds yields and levels of inflation.

Iceland’s LSR prepares to invest abroad

Iceland’s ISK900 billion ($7.5 billion) Lífeyrissjóður Starfsmanna Ríkisins (LSR), the Pension Fund for State Employees and the Pension Fund for Nurses is poised to invest more overseas as capital controls introduced in the wake of Iceland’s 2008 banking crisis finally ease.

Urgency needed in infrastructure

There is an urgent need for infrastructure investment that cannot wait, according to Jim Yong Kim, former president of the World Bank and now partner and vice president of Global Infrastructure Partners.

CalPERS wants PE ideas for new entity

The CalPERS’ board has approved the first step in the creation of a new private equity model, and now the fund’s CEO, Marcie Frost, is looking for advice on how to structure such an entity.

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