Fiduciary duty principles must be adaptive to change and the US has fallen behind. The authors argue that a more comprehensive application of fiduciary duty principles in the US is necessary to protect the life savings of ERISA plan participants. In particular impartiality is important for pension plans.
The United Nations Joint Staff Pension Fund plans to explore impact investment for part of the $90 billion portfolio including in developing and emerging markets like Africa, and boost diversification of its investments across developed, developing and emerging markets.
It’s been a white hot year for private equity but challenges in the asset class continue for investors, like the impact on total asset allocation given massive appreciations in portfolio values, plus slow distributions from GPs. We look at Oregon Public Employee Retirement Fund’s large private equity portfolio.
Sweden’s AP7 fund, which invests primarily in equities, is retendering mandates in its large ACWI exposure and hunting for new managers in its alpha allocation.
Asset allocators should prioritise creating their own accountability system for diversity, equity and inclusion in 2022 according to Jason Lamin founder and chief executive of DEI specialist Lenox Park Solutions.
Singapore’s investment company Temasek’s is at the forefront of blockchain investment. Pradyumna Agrawal explains why going early and deep in tech investment is a sweet spot, encapsulated in the giant investor founding and building tech companies from scratch.
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