Research by the Australian Financial Services Council and Ernst & Young, The $20 billion prize, provides a blueprint for implementing the Cooper Review-proposed SuperStream concept, and calculated an upfront investment of $1 billion could reduce costs by 8 basis points across the system in 10 years.
European investors – and probably many others – are “understandably skittish”, according to Mercer Investment Consulting, as the risk of a double-dip recession has increased modestly, the consulting firm says in its latest medium-term valuation review. (more…)
European investors – and probably many others – are “understandably skittish”, according to Mercer Investment Consulting, as the risk of a double-dip recession has increased modestly, the consulting firm says in its latest medium-term valuation review.
Consider this: the first human being – probably a white woman – will live beyond her 125th birthday within the next 20 years. Imagine the implications for her pension plan.
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Requests For Proposals (RFPs) for a master custodian and a replacement risk management system are priorities for CalPERS as it undertakes a systems and controls strategic initiative this financial year.
The $31 billion Australian government-backed asset manager, VFMC, has reaped big rewards from its belief in the hedge fund managers it backed five or more years ago.