Passive Aggressive – the world of index investing is in flux as ESG integration into passive is on course to become the norm for new mandates.

In the last year there has been a quiet revolution
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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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The ultimate trophy asset: When prestige is more important than returns

Forget returns. The Gulf SWFs vying for ownership of European football clubs are after amenity value, soft power influence and winning regional rivalries. The returns only come at the end when they sell these trophy assets… as long as there are enough billionaires in the world to buy them.

Alaska grows wary of private equity

Alaska's CIO Marcus Frampton explains why he's keen to pare back private equity. Writing smaller cheques comes with consequences but he'd rather get the right portfolio exposures ahead. Absolute return and RE become a focus.

Denmark’s AkademikerPension takes on the banks financing fossil fuels

Engagement by Denmark’s AkademikerPension forced Dankse Bank to rethink financing fossil fuels. CIO Anders Schelde believes this represents a new frontier in institutional investor pressure on the fossil fuel industry that will work because financing oil and gas is not a core business for banks.

CalSTRS positions for the future with new investment team structure

CalSTRS has restructured the investment team with an eye on its future growth and the best people to achieve its mission. This includes examining the complexity of the portfolio and the skills required to manage it effectively in the future. Amanda White spoke to deputy CIO, Scott Chan.

LACERA: Why rebalancing is asset allocation’s best friend

Rebalancing back to asset class strategic ranges after a market rise or fall is one of the most vital seams of strategy at the $70.1 billion LACERA. It ensures the investment team remain consistent with investment policy statements, don’t try and time the market and avoid behavioural biases according to CIO Jonathan Grabel who calls is “the best long-term strategy we have”.

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.

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