Former head of the US Securities Exchange Commission, Harvey L Pitt, has one simple piece of advice for investors wondering if, a year after the sweeping Dodd-Frank reforms were enacted, regulation has been adequately strengthened to avoid another financial crisis.
Investors must help form climate agreement
It is now more critical than ever for investors to step up their dialogue with policy makers regarding climate change initiatives, the executive director of the Institutional Investors Group on Climate Change, Stephanie Pfeifer, says in the wake of the UN climate change talks in Durban. Pennsylvania changes investment approach
After weathering this year’s market turmoil the $26 billion Pennsylvania State Employees’ Retirement System (SERS) has a new chief investment officer and a new investment approach after changing consultants that have advised the fund for almost 20 years. Finnish fund slashes equities in wake of Eurozone crisis
The Finnish Ilmarinen Mutual Pension Insurance Company has slashed its allocation to equities, reporting that the Eurozone crisis hit its performance leading to a 5.2 per cent loss for the third quarter of 2011. Call for action on Euro crisis
A group of prominent academics from across the globe have called on governments to substantially reform the world’s banking system and have laid out a plan for dealing with the Euro crisis. Chicago Police fills alternatives allocation
The Policemen’s Annuity and Benefit Fund of Chicago has appointed GMO and PIMCO to global tactical asset allocation mandates boosting the fund’s alternatives allocation by 10 percentage points.
