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Are pension funds really long-term investors?
Pension funds used to be considered long-term investors, but the reactionary behaviour of a recent prudence* of pension funds globally has changed my view of their time-horizons and subsequent role in capital markets. *Prudence is the newly-crowned collective noun for pension funds as per the competition in our newsroom. Have your say in our poll.
NYSTRS reallocates to international passive
The executive director of the $72 billion New York State Teachers’ Retirement System (NYSTRS), Thomas Lee, has been given the discretion to reallocate actively managed international equity assets into passive funds, in line with a board decision to use a blended international equity benchmark, as the fund appoints new consultants to begin from January.
SWIB’s priorities in a tougher investment landscape
Edwin Denson, executive director and CIO at State of Wisconsin Investment Board talks to Top1000funds about changes in investment strategy, noting that active management, and the need to take on more risk for the same return are guiding principles.
Index providers push into active managers’ domain
Index construction is pushing the boundaries of active management, with index providers launching products such as high beta to take advantage of market movements. S&P Indices is the latest to add to its family of high-beta indexes, recently launching two indexes of developed and emerging markets. Alka Banerjee, S&P Indices’ vice president of strategy and
Hedging pays off for Future Fund
The Australian Future Fund’s policy of hedging its foreign currency exposures so that 80 per cent of the portfolio is held in Australian dollars has resulted in large inflows due to the AUD’s recent appreciation.
DiNapoli: fund focuses on economic growth
Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
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