The $3.5 billion Carnegie Foundation doesn’t report quarterly numbers and at its board meeting it doesn’t discuss performance at all. Pension funds looking to change behaviours towards a long term investing orientation could take heed from such foundations in how they report to their boards about performance.
The impact of inequality, the skills gap in employment, looming cyber risks and the fragility in Europe makes the chiefs of five financial services firms wary about the outlook for the global economy, delegates at the Milken Institute Global Conference heard.
From productivity growth, the mystification of inflation, levels of debt, and problems of capitalism Christine Lagarde, president of the IMF, shared with delegates at the Milken Global Conference her concerns about the global economy.
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.
The Milken Institute Global Conference attracted more than 4,000 leaders from 60 countries to delve into the risks and opportunities in the global economy, addressing issues of gender equality, medical research, cybersecurity, tech regulation, and innovation. Here are some photos from the conference.
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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