The pay levels, amount of in-house investment activity and governance structure of the $83 billion Washington State Investment Board (WSIB) may be under review following a rigorous debate that included a presentation to the board by KPA Advisory’s Keith Ambachtsheer. (more…)
Responsible investment research has reached a “tipping point” in its development, says the PRI’s director of strategic development, Rob Lake, and it needs to be more closely aligned to the practical needs of front-line investors. (more…)
More than 70 investors representing more than $3.1 trillion in pension, endowment and sovereign fund capital will converge on Beijing on Sunday for the first Top1000funds Fiduciary Investors Symposium. (more…)
The $35.7 billion Healthcare of Ontario Pension Plan (HOOPP) will split its chief investment officer function in two following the appointment of Jim Keohane to president and chief executive and the retirement of John Crocker. (more…)
The market is reflecting a high state of systemic risk and turbulence, and investors should adjust their allocation to growth assets accordingly, says Lucas Turton, chief investment strategist of Windham Capital Management. (more…)
It is a key assumption that financial institutions such as auditing firms and credit ratings agencies will act in an ethical way to protect their reputation because it is, ultimately, the source of their profitability. But groundbreaking work by Harvard University postdoctoral fellow Abigail Brown posits that institutions may actually be incentivised to cyclically “trade down” their reputation in an effort to maximise profit. (more…)