This article by Dubravko Mihaljek and Frank Packer from the Bank for International Settlements, reviews the derivatives market in emerging market economies, attempting to answer some basic questions such as how big the market is, who trades, which derivatives are most traded and how it differs from mature markets. (more…)
Investors wishing to meet return goals could put as much hope in prayer as in their portfolio structure, according to Wurts & Associates which was forecasting a continuing “tough” economic environment. (more…)
The UK Crown Estate, which as the name suggests manages the assets and estate of the Crown, has entered into the second joint venture with an institutional investor in as many months. Norges Bank, which manages the 2,908 billion kroner ($498 billion) Norwegian Government Pension Fund Global, has purchased a 150-year lease on a 25 per cent stake in the Estate’s Regent Street properties. This follows a deal in December with the Healthcare of Ontario Pension Plan.
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The US-based Hedge Fund Association, which last year opened a UK chapter in competition with the established Alternative Investment Management Association, has now started a Cayman Islands offshoot. HFA announced this week that the new chapter was a response to demand from Cayman-based hedge fund participants and reflected the importance of the zone as a hub for offshore hedge funds. (more…)
CalPERS’ outperforming internal corporate governance investments program will be challenged by the fund’s new capital allocation model, according to a review of the program by consultant Wilshire.
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The trustees of the $65 billion North Carolina Retirement Systems will vote on whether to introduce a defined contribution plan when the board meets on Jannuary 20, one of the significant recommendations by the Future of Retirement Study Commission.
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