We need to be better than ‘optimal’
An over-reliance on mean-variance optimisation has led to portfolios that fail to take into account the radical complexity of the real world and embrace ‘pretentious and unhelpful symbols’.
Ilmarinen sheds bonds for real value
Ilmarinen CIO Mikko Mursula looks to shrink its holdings in bonds while adding real estate and equity away from Europe, as the fund seeks protection from potential interest rate moves.
Discover leadership secrets and more
Gianpiero Petriglieri’s masterclass in modern leadership is just one of many sessions INSEAD’S world-leading faculty will direct at the Fiduciary Investors Symposium in France this April.
Top US funds embrace stewardship code
A new set of US stewardship responsibilities for investors and a governance framework for listed companies, backed by some of the largest US-based asset owners and managers, is long overdue.
Alternative credit on LD’s short horizon
In 2017, Denmark LD chief financial officer Lars Wallberg plots a push into unlisted credit, complementing a key exposure to environmental services, to manage his fund’s maturing profile.
Asset owners zero in on managers’ fees
Funds will look to pressure fund managers to put more skin in the game with fee structures as they try to control costs and expectations in a low-return world, our third annual CIO survey finds.
