Premature efforts to eliminate the use of credit ratings agencies without an adequate alternative would increase risk to investors, warned Gregory Smith, the chief operating officer of the Public Employee’ Retirement Association of Colorado (PERA).
Investors miss emerging opportunities post-crisis
The financial crisis and subsequent fiscal adjustments and deleveraging in developed markets has enhanced the case for emerging market investing, says global investment strategist and specialist in emerging markets at State Street Global Advisors, George Hoguet, but investors are not taking advantage of the complete opportunity set.
GIC cuts developed allocations as growth slows
The Government of Singapore Investment Corporation (GIC) will continue to increase its allocation to emerging economies and cut back on its exposure to developed markets because of concerns over slowing growth.
Dutch reforms ‘flawed’, warns Ambachtsheer
The pension thought-leadership mantle held by The Netherlands has been called into question by the new Dutch pension accord, according to commentary in the latest Ambachtsheer Letter, which details perceived design flaws in the accord.
Winners emerge from crowded field in UN PRI race
Six candidates have gained election to the advisory council of the UN PRI in a close-fought election that for the first time saw asset managers and service providers included.
Mooted US downgrade foreshadows post-triple A world
While the US narrowly avoided defaulting on its spiralling debt, concerns about a possible downgrade of the US credit ratings is likely to herald a post-triple A ratings investment world, say fixed-income experts.
