Uncertainty in global markets, and the potential for the Eurozone crisis to worsen, means investors should be focusing on capital preservation and shedding risk, says the managing director of Rogerscasey, and former CIO of the Kentucky Retirement Systems, Adam Tosh.
NY funding controversy spurs pension reforms
The arrest of a fundraiser for New York city comptroller John Liu and the ongoing federal investigation into his finances confirms the need for the governance reform planned for the city’s five public pension funds, Columbia Business School Professor Andrew Ang says.
OMERS uses patient capital for life cycle venture investing
OMERS has will capitalise on its ability to invest for the long-term and use the newly-launched venture capital arm to invest directly in the entire life cycle of a project. OMERS Ventures, which will be the avenue for the fund to invest directly in venture rather than through funds, is predicated on funding through the … Read more
Private engagement dominates results for CalPERS
Private engagement has more influence on company behaviour and performance a new study of CalPERS’ corporate governance reveals. Analysis by Wilshire Associates has found that because privately engaged companies are more receptive to reform and move more quickly to better governance standards, the turnaround in their stock performance is quicker. It found that the turnaround … Read more
Australian contributions increase shifts retirement burden
The increase in the Australian superannuation guarantee (SG) from 9 to 12 per cent of salary is an example of how the retirement savings burden, a global phenomenon, can be shifted from the public to private sectors, according to senior partner at Mercer, David Knox. The increase in the SG, which has been approved in … Read more
Why you should take notice of what we write
New research released this month gives impetus to the evidence that newspaper articles can predict aggregate future stock returns. Conducted by Professor of Finance at the University of St Gallen in Switzerland, Manuel Ammann, it examines articles in the German finance paper, Handeslblatt, from July 1989 until March 2011, and overall found that “newspaper content … Read more
