CalPERS’ absolute return strategies program is over-reliant on quantitative tools, inadequately staffed and may be overweight in certain strategies and risks, according to Wilshire’s annual review of the portfolio.
Investors have more than just voting in their engagement armoury, study finds
Institutional investors are using just a fraction of the “weapons” they have at their disposal when they engage with companies, and need to use the entire proxy proposal process better, Rob Bauer told attendees at a recent PRI conference.
DiNapoli defends DB schemes
New York State Comptroller, Thomas DiNapoli, has defended public defined benefit schemes, saying that they are not a drag on state government finances, are sustainable and form a vital part of the US economy.
Funds seek the elixir of scale
The investment firepower and cost savings promised by economies of scale have enraptured the Australian superannuation industry. This has instilled in some funds an urge to merge in order to enjoy the benefits of being large. However some investment chiefs believe that bigger size brings a new set of problems that can undermine performance.
Investor survey reveals disappointing year for hedge fund returns
Hedge funds had a disappointing year, according to a study by UK-based alternative assets research firm Preqin that reveals 40 per cent of investors surveyed feel that returns on their investments have failed to meet expectations in the past 12 months. The survey of 50 institutional investors also shows that just 11 per cent feel … Read more
Investors missing out on having their say on international codes and conventions
Jane Ambachtsheer, the partner and global head of responsible investment at Mercer, looks at the problem of investors being excluded from the development of a range of norms, codes, and conventions that seek to govern corporate behaviour.
