Climate change could slash as much as 10 per cent off portfolios in the next 20 years, according to Mercer’s much-anticipated climate change report, the result of an 18-month collaboration with 14 institutional investors from around the globe.
CalSTRS plugs holes in neat buckets with risk overlays
CalSTRS will employ a new way of evaluating portfolio risk which overlays risk across asset classes, rather than replacing asset classes with risk categories, and introduces six broad risk factors.
CPPIB privately eyes its 75-year horizon
The $140 billion Canadian Pension Plan Investment Board participated in the largest private equity transaction globally in 2010 with its acquisition of Tomkins plc alongside Onex Corporation. Amanda White looks at the fund’s private investments.
Ontario Teachers puts hand up for triennial vote on pay
A say-on-pay vote every three years is preferable to an annual vote that could lead to a focus on short-term objectives, according to the $100 million Ontario Teachers’ Pension Plan in its annual letter to more than 650 public companies around the world.
Occidental managers make capital mistakes in rush to Orient
Everyone is mesmerised by the Asian growth story. The emerging middle classes, hundreds of millions of new consumers and, not the least, high fees for funds management services.
Derivatives: sour grapes or Dodd-Frank victims?
While claims the Dodd-Frank Act will make the derivatives market prohibitively expensive could be seen as a case of sour grapes from a market unregulated until now, a committee reviewing the Act has asserted that end-users of derivatives, including pension funds, will bear the brunt of the new laws.
