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2015 could be watershed year for ESG issues
2015 is poised to be the turning point as a number of key issues relating to environmental, social and governance (ESG) issues take centre stage says Fiona Reynolds, managing director of the Principles for Responsible Investment. First and foremost is climate change. With the Paris talks scheduled for December 2015, it’s an issue that
Is in-house management the future for large asset owners?
The allure of potentially higher net returns from portfolios precisely tailored to values, beliefs and risk appetite is hard for any asset owner to ignore, yet needs to be balanced against the many challenges associated with managing assets in-house. To this end, it is worth outlining the key benefits that in-house asset management can offer.
Future Fund’s single
total portfolio
For the past five years David Neal has been integrating the vision of “one team, one portfolio” into the culture of the investment team at the $77-billion Future Fund. This has now been set in stone – well, porcelain – with coffee cups bearing the moniker used by staff throughout the organisation. The slogan is
Investor pressure on fees
Recent institutional investor pressure is changing the nature of private equity transparency and reporting of fees. An in-depth analysis of the changes.
Pension funds get cracking on diversity
The diversity problem in the industry is large. Investors know this, the challenge is how to fix it. Now a handful of funds are showing exactly how its done.
Managing culture with risk management techniques
The interaction between governance, culture and performance is increasingly a topic around asset owner board tables. But little has been written about the relationship between culture and the financial crisis, and how to change culture in financial services organisations. Andrew Lo, professor of finance at MIT, has come up with a proposal to change culture
Real estate meets big data
PGGM has committed to reducing its carbon footprint by 50 per cent, but for many asset classes it doesn’t know what the current carbon footprint is.
Japan’s GPIF allocates to smart beta
The $1.3 trillion Government Pension Investment Fund of Japan will use factor investing, or smart beta, as a third way of implementing equity mandates, alongside active and passive, following a six-month research project conducted by MSCI that investigated how to best implement the growing interest in factor exposures. The research project conducted by MSCI
Economic growth outlook positive but integrity needs work
The outlook for economic growth this year is markedly positive, compared to last year, but capital market integrity is not improving, according to the opinions of more than 6,000 CFA Institute members. The CFA Institute global markets sentiment survey, measures the views of its members on market integrity and economic issues. This year’s survey, which
Opinion