The $4.7 billion Petroleum Fund of Timor-Leste has diversified its portfolio away from US Treasuries by appointing, for the first time, an external manager to invest $1 billion in high-grade, diversified fixed income, while undertaking a search for global equity managers.
The Sovereign Wealth Fund Institute has developed an eBay-like service for sovereign wealth funds that will enable them to access and search for assets and investment funds via a buyer centric marketplace.
Cleantech investments is one area in the private equity and venture capital space which is continuing to show strong growth, according to a report by London-based alternatives research house Prequin.
The $122.4 billion California State Teachers’ Retirement System (CalSTRS) has withdrawn five of the seven climate-related shareholder resolutions filed during the 2009 proxy season after the companies pledged to improve their greenhouse gas disclosure.
A new KPMG report, ‘Renewing the promise: Time to mend relationships in investment management”, shows the investment management industry should work to rebuild trust with investors through a ‘back-to-basics’ client relationship approach, increase knowledge sharing, and bolster corporate
governance and risk management transparency.
ReGroup is one of four firms providing resources to CalPERS as it embarks on its governance/risk management initiative. President and chief executive of the firm, Ann Oglanian, speaks with Amanda
White about risk management best practice and how pension funds can initiate organisational risk management change.