Two of America’s largest pension funds, CalSTRS and CalPERS have warily offered support to the interjection of California Governor Edmund G Brown Jr into the debate on how to finance the state’s ballooning pension liabilities.
Future Fund goes defensive
Australia’s sovereign wealth fund, the Future Fund, has lost more than $2 billion in the September quarter, as global share markets tumbled – despite reducing its equity exposure and moving more into defensive assets, such as cash.
China a mystery going at breakneck speed
It’s not until you’re on the ground that the basic growth story in China is really obvious. When Guy Russo, now head of Kmart in Australia, was the head of McDonald’s in China, they called it “opening a store every four hours”.
Global union leader challenges funds to see big picture
As the G20 meeting looms, Sharan Burrow, general secretary of the International Trade Union Confederation (ITUC), told delegates at the Fiduciary Investors Symposium to stop acting as if fiduciary management existed in a bubble.
Conventional indexes still popular
A new EDHEC-Risk Institute survey of 104 European institutional investment professionals analyses the current uses and views on equity and fixed-income indexes.
Radical overhaul for $120bn New York pension funds
New York will radically overhaul its pension system, consolidating the investment strategies for its five pension funds and reforming the governance structures of the funds.
