Is diversification really a free lunch?
Diversification can be a powerful tool in managing downside risk, but it has been argued that “too much” diversification can destroy a business if it diverts too widely from its original purpose.
Behind Mass PRIM’s hedge fund portfolio
The US$60 billion Mass PRIM has recalibrated its hedge fund portfolio moving from fund of funds to direct relationships, reducing fees, and using managed accounts. So what’s next?
German fund ÄVWL’s anti-cyclical ethos
Long-term investment in real estate, infrastructure and asset based lending, including financing ships and aircraft where traditional bank backers have fled, make up the German fund’s strategy.
Shifting the dialogue to the long term
The Strategic Investor Initiative (SII) from CECP aims to shift the conversation between companies and their investors from one about quarterly earnings to one about long-term value creation.
Maryland manager roster ready for change
Maryland is focused on improving its under-performing absolute return portfolio, reducing the number of managers and looking to new asset classes, including emerging markets and technology.
The road ahead for sustainability
David Blood, co-founder of Generation Investment Management with Al Gore, has outlined five priorities to focus the sustainable investment effort on over the next five years.
