The portion of Ireland’s sovereign wealth fund where investments can be made at the direction of the Minister for Finance, directed investments, is now considerably bigger than the fund’s discretionary portfolio, following a further €4.5 billion liquidation in April. (more…)
Scott Powers, president and chief executive of State Street Global Advisors, believes the financial crisis has created a unique opportunity for funds managers to provide more collaborative services, and relationships, to clients. (more…)
A report into Californian pension funds calls for administrators and government to radically redraw how they calculate benefits to members to cut government contributions and address a looming funding crisis. (more…)
The fnancial crisis has triggered a series of regulatory initiatives that are set to infuence the competitive landscape for European asset managers. While pre-crisis regulation focused largely on market effciency, many of the new measures are focused on issues of investor protection. The pace and rigour of these developments may increase complexity and cost, with potential implications for the way in which asset managers structure their businesses and plan their strategy. New regulation will create both challenges and opportunities for Europe’s investment management industry, and redefne the criteria for success.
Sovereign wealth funds will consider the implications of capital flows and the build-up of foreign exchange assets in Beijing next week at the third annual SWF international forum. (more…)
European pension funds are increasingly worried about inflation and are taking action to diversify their investments to include a range of inflation-linked debt and are looking to emerging markets, a new survey reveals. (more…)