In contrast to the standard paradigm about momentum and reversal in markets being caused by agents reacting wrongly, new research shows that these phenomena can arise in markets with rational agents.
CPPIB dynamically reviews its total portfolio
The CPPIB is considering the next phase in its total portfolio approach to managing assets, allowing for a more dynamic funding of investments from the policy portfolio, as the nature of the assets in the real portfolio change.
Callan sticks to the long-term knitting
Unfortunately, from a journalist’s point of view at least, there is nothing new or radical about the investment principles that president and head of research at Callan, Greg Allen (pictured), is touting. He says investors should stick with the status quo of long-term, stable strategic asset allocation regardless of the recent market turmoil challenging investors.
CalPERS implements new RFP process for global equities
CalPERS will implement a new RFP process for global equities, which is more consistent with the transformation of its global equities portfolio and the desire to assess every strategy, than its current Spring Fed Pool system, Eric Baggesen, senior investment officer of global equities said. UniSuper loads its CMBS shopping trolley
UniSuper is spearheading Australian super funds as alternative sources of institutional‐grade debt funding through an allocation of $264 million to Australian commercial mortgage backed securities (CMBS).
Dysfunctional boards should be weaned off implementation: Ambachtsheer
In November the International Centre for Pension Management at the Rotman School, University of Toronto will launch its board effectiveness program, which director Keith Ambachtsheer hopes will help overcome the dysfunctionality of pension fund boards – which have a desire to implement rather than oversee.
