New research by Russell Investments’ co-chair of global investing, Don Ezra and senior lecturer at the Australian National University, Geoff Warren, presents a framework for deciding when to choose an alternative to passively investing in capitalisation-weighted indices within any particular asset class, and highlights how the debate over active versus passive investing needs to be broadened beyond a focus on performance by the average active equity manager.
Mercer Investment Consulting has revised down its view of global equities markets, suggesting the rally has pushed prices to fair value from their previous rating of undervalued.
CalPERS is expecting to deploy the $22 billion in unfunded commitments of its alternatives investment management program in the next two to three years, with greater concentration among the best performing managers one of the priorities for 2010.
The latest “periodic table” of investment returns – which ranks the performance of key equity and credit indices over two decades – from Callan Associates reinforces a lasting rule for long-term investors: diversification works.
US public sector funds spend less than half the time and resources on risk management than the average of their global peers according to a survey of 58 funds by Canadian-based CEM Benchmarking.
The equities allocation of the Irish National Pensions Reserve Fund fluctuated enormously in 2009 as the fund was directed to by the Minister for Finance to invest €7 billion in preference shares issued by Bank of Ireland and Allied Irish Banks to recapitalise the banks. Amanda White spoke to Eugene O’Callaghan, head of the investment manager program, National Pensions Reserve Fund of Ireland and Adrian O’Donovan, secretary to the NPRF Commission about the events of last year and the fund’s long-term asset allocation plans.