The asset allocation of corporate pension plans should be driven by corporate finance not asset management according to Bernd Scherer, affiliate professor of finance at EDHEC Business School, and instructor of an upcoming seminar on portfolio construction and risk budgeting in Singapore.
Human gorillas chest-thump in US testosterone territory
There’s been a little bit of chest beating of the gorilla type in the US, on both the political and finance sides of the fence. I can’t help thinking the testosterone levels are getting a little out of control and some of the behaviour has been more about protecting territory rather than acting in the best interests of the electorate, clients, beneficiaries, or neighbours.
Quantum co-founder bullish on commodities
As stock markets continued to be volatile and bears abounded, Jim Rogers, the co-founder with George Soros of the Quantum hedge fund, was one of few bullish voices. Rogers said that commodities will defy a stuttering world economy and depressed financial markets to enjoy a 20-year bull run.
US asset managers trail European counterparts in ESG
Less than a quarter of US asset managers are using ESG risk analysis to inform their investment decisions, and European managers are considerably out-performing their American and global counterparts in integrating sustainability considerations, a report from MSCI ESG Research has revealed.
CalPERS’ real estate target to oscillate to 10 per cent
CalPERS will change its interim asset allocation targets to accommodate the smooth transition of the real estate portfolio to its long term 10 per cent allocation.
Future Fund lags behind long-term objectives
Australia’s $77.63 billion Future Fund is lagging behind its long-term investment objectives, achieving a nominal annual return of 5.2 per cent over the past five years.
