Investors in News Corp have clearly signalled that they oppose Rupert Murdoch’s plans to pass control of the media giant to his children, voicing strong opposition to the re-election of sons Lachlan and James Murdoch to the board at the company’s annual general meeting last week.
Russia central bank diversifies into Australian cash
Russia’s central bank, which has $558.4 billion in foreign exchange reserves, has appointed National Australia Bank to manage up to 1 per cent, or $5.58 billion, of its assets in Australian cash instruments.
State Street takes an everyday view of inflation
Top1000funds.com’s Sam Riley talks with Jessica Donohue, a senior managing director at State Street Associates, about the drive to move beyond traditional inflation measures.
Pensioenfonds Vervoer defines a new fiduciary relationship
Fixed-fee compensation is one of the defining characteristics of the contract between Pensioenfonds Vervoer and its new fiduciary manager, Robeco, chief investment officer Patrick Groenendijk told delegates at the Fiduciary Investors Symposium in Beijing.
Pimco’s predictions take a pessimistic turn
Pimco has warned that its outlook for the global economy has declined sharply in recent months, predicting the world will enter a two-to-five-year period of instability as governments seek to address economic imbalances.
Day Two wrap
Managing director of China Investment Corporation, Hua Fan, and quantitative portfolio manager at CalPERS, Ho Ho, were among the highlights of day two at the Fiduciary Investors Symposium in Beijing.
