Following a restructure of the team along functional lines, the CalPERS internal passive equity team is now able to handle any risk or complexity in the portfolio at least as well as any external manager, according to a review by its consultant Wilshire, although some extra coding of the Charles River system for compliance purposes is recommended.
Ghana wins Equity World Cup
The S&P Equity World Cup was simulated with data drawn from the S&P Global BMI, comprised of the S&P Developed BMI and the S&P Emerging BMI.
CalPERS to link pay with performance
The CalPERS board will have the discretion to reduce or eliminate investment staff performance pay in years of negative performance of the fund, in a revised compensation plan to be presented to the board this week, chief investment officer Joe Dear told conexust1f.flywheelstaging.com.
Alberta takes axe to investment culture
Since taking up the role of chief executive at the Alberta Investment Management Company, Leo De Bever has implemented a cultural change that has been both dramatic and fast – including halving the workforce and then tripling it. He spoke with Amanda White about how those changes have affected the investment mindset of the organisation.
Three strategies to beat the not-so-good future: GMO
There are only two asset classes really worth investing in for the “seven lean years” ahead, according to Jeremy Grantham (pictured), co-founder and strategist at famously bearish funds manager GMO.
Mercer commits to specialist alternatives research
Mercer has carved out the alternatives research for its multi-manager funds management products under a new head, Bill Muysken, who returned to the firm in London last month. Greg Bright reports.
