CalPERS’ CIO Ben Meng is preparing for a market dislocation by ensuring the $354 billion pension fund has enough dry powder on hand to take advantage of a drawdown. A liquidity management action plan is a top priority for the fund.
The United Kingdom’s £31.4 billion ($39 billion) Pension Insurance Corporation, an insurance company specialising in securing the liabilities of defined benefit pension schemes, is growing its infrastructure allocation to renewables and student housing and pushing into new markets in the Ireland and Spain.
Understanding the fractious relationship between US and China is more important– and simultaneously more confronting – than it has been in the past, according to Stephen Kotkin, professor of history and international affairs at Princeton University. While the China investment challenge has always been to capture the aspirational middleclass, the high-profile historian says “the big money that’s going to be made in China is going to be made from the dislocation”.
The output of a decision-making process is more than just a decision, which is even more good reason to work hard at getting that process right.
Ben Caldecott from The Oxford Sustainable Finance Programme at the University of Oxford explains how emerging technologies, changing client preferences, new regulatory landscapes, and evolving economic geographies create new opportunities for more effective engagement and forms of active ownership.
Resources in the investment value chain have to shift away from financial modelling and trading towards stewardship and engagement according to Luba Nikulina, global head of manager research at Willis Towers Watson, speaking at the 8th Sustainable Finance Forum run by Oxford University.
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