Recommended For You
Based on your reading history and profile
Private equity boom also holds challenges for Oregon
It’s been a white hot year for private equity but challenges in the asset class continue for investors, like the impact on total asset allocation given massive appreciations in portfolio values, plus slow distributions from GPs. We look at Oregon Public Employee Retirement Fund’s large private equity portfolio.
Misaligned incentives, bank mismanagement and troubling policy implications
This paper by New York University’s Jonas Prager outlines the major changes in the financial structure as well as the focal events that characterised the 2007-2008 global financial crisis and considers the evidence for the crucial role played by misaligned incentives. Misaligned incentives, bank mismanagement, and troubling policy implications
CalPERS appoints first woman CEO
CalPERS, the US$182 billion Californian public pension fund, has promoted its CIO to the vacant role of CEO – Anne Stausboll becomes the first woman to run the fund in its 77-year history.
The China Miracle 3.0
A gradual appreciation of the Chinese currency, although probably too gradual for some in the west, signals a far more fundamental evolutionary phase for this nation than currency management.
Submit a document
"Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat
First US mandate for ESG-focused emerging market equities
In a first for the US market, several institutional investors are searching for an investment manager capable of running emerging market equities in alignment with rigorous environmental, social and governance (ESG) standards.
Invert the business model to focus on members: Ambachtsheer
There is a lot more work to do in raising the quality of governance of pension boards around the world, Keith Ambachtsheer told a conference of Australian superannuation fund trustees and staff last week. “We have to stop thinking about organisational needs and think about member needs. The business model must invert from serving organisational
Canada to allow retail contribution to new SWF
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion ($18.3 billion) to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
Corporate DB plans overhaul investment and design
Corporate defined benefit pension funds are overhauling their investment strategies and overall plan designs as concerns about market volatility accelerates the push towards better controls on liabilities and risk, a Mercer survey of chief financial officers reveals.
Investor Profile