Higher than expected foreign exchange transaction costs can result in a long-term return drag on a portfolio of up to 2 per cent over 40 years according to new research by Russell Investments, which urges investors to review and measure foreign exchange costs.
Do managers walk the talk?
Research by Mercer and the IRCC Institute looks at the investment horizon of active long-only equity managers across different geographies and styles, examining the mismatch between the time-horizon over which managers think and say they invest and how they actually invest. It gives some insight into the causes, consequences and possible solutions to short-termism.
Diversity is power, says Zink
A typical pension fund portfolio is so dominated by equity risk that returns will fluctuate widely according to economic conditions which affect equity markets. Amanda White spoke to Rob Zink, portfolio strategist and now consultant for Bridgewater Associates about why most investors have a flawed approach to asset allocation.
Insitutional investors call for US reform
A group of institutional investors, led by CalPERS’ chief investment officer, Joe Dear, have dictated to US lawmakers that specific reforms must be made or the country could be in another crisis.
Next Chinese miracle to be consumption
As the political war of words rages about the value of the Chinese RMB, Asian investors are taking note of a big shift in direction for the policy-driven Chinese sharemarket.
San Francisco’s mission to expand and upgrade
The new executive director of the San Francisco Employees’ Retirement System (SFERS), Gary A. Amelio, has come equipped with experience and ideas for the defined benefit pension plan that is managed by SFERS. With an aggressive investment strategy firmly in place, he spoke with Amanda White about the long-term vision, now being implemented.
