Last month conexust1f.flywheelstaging.com hosted a thinktank with a group of influential Australian investors to discuss the opportunities in European distressed debt. Participants included the Australian Government’s $80 billion sovereign wealth Future Fund, the $68 billion QIC, and leading asset consultants, with guest speaker sir David Cooksey, former board member of the Bank of England, chairman … Read more
The $70 billion AIMCo uses global tactical asset allocation to help add return in excess of passive portfolios. This research piece details how it has used GTAA over the past few years, advising other funds that executing a successful GTAA requires developing world-class talent, systems, process and governance. To access the paper click below … Read more
Germany’s MetallRente has made quick progress since its foundation by trade unions in 2001. It has grown into Germany’s biggest multi-employer pension provider, boasting €3 billion ($3.87 billion) in assets, and counts a mammoth 21,000 companies as customers, from within the metal industry it was set up to serve and beyond. In the past two … Read more
For many trustees, fundamental indexing is still too much of a leap to risk any serious asset allocation. But the £11 billion Glasgow-based Strathclyde Pension Fund, one of the largest UK local authority schemes, plans to invest in the strategy. The idea is to track an equity index that weights companies according to their economic … Read more
Since becoming chair of the $80-billion Future Fund in March, David Gonski has set an agenda to act like a public company chair. An element of that vision is to very clearly delegate to management. “The general manager has been elevated to a managing director and the six-monthly announcements will be his,” he says. Another … Read more
The risk parity approach to portfolio construction might not deliver results in a “bull stockmarket,” but remained a “robust and rigorous” methodology which also “managed risk regret over time.” These are the views of Wai Lee, chief investment officer of quantitive investment at New York-based fund manager Neuberger Berman, who was recently named winner of … Read more
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