The Alaska Permanent Fund has made allocations to three alternative investment programs and begun a new push into timber and diversified inflation funds hiring Callan to conduct searches.
The Ann Kaplan professor of business, finance and economics at Columbia University, Andrew Ang, who also consults to the Norwegian sovereign wealth fund, describes the shortcomings of research on asset allocation and illiquid assets, and how to overcome behavioural biases. (more…)
As Sudan divides into north and south, CalPERS and other UN PRI funds are divesting shares in public companies in that country, while at the same time warning on the fragile peace and the precarious economy. (more…)
CalSTRS is in contract negotiation with a hedge fund consultant, with a view to hiring global macro hedge funds as part of its innovation portfolio, and the next tasks will be reviewing commodities and non-traditional benchmarks, as the innovation and risk unit comes of age.
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Competition and debt concerns have scuttled an ambitious proposal by a consortium of nine Canadian banks and pension funds to acquire the country’s biggest stock exchange. (more…)
The recent rally in the US dollar after fears about a slowdown in China and Eurozone government debt has focused attention on what lies ahead for the world’s major reserve currency and the implications for funds’ hedging strategies. (more…)