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OTPP advises on climate risk mitigation
Ontario Teachers’ Pension Plan (OTPP), an investor known for its advanced risk-management tools and processes, considers that the common tools available to investors to mitigate carbon risk for investors – portfolio carbon footprints and thematic divestment – provide incomplete risk management. The fund has suggested macro- and microanalysis is necessary to understand a company’s complete
Behind CalPERS’ alternative asset allocation decision
A desire to hedge the portfolio against extreme market risks and rising inflation, has resulted in the $220 billion CalPERS departing from its traditional asset allocation after a year-long review, and introducing the allocation of assets according to five broad groups.
Cambridge hedge fund insight sells
Most of the outsourced CIO clients of Cambridge Associates have aggressive asset allocations, with a tilt towards alternatives and hedge funds. But do the high fees eat into the potential alpha?
Shifting the dialogue to the long term
The Strategic Investor Initiative (SII) from CECP aims to shift the conversation between companies and their investors from one about quarterly earnings to one about long-term value creation.
The future is quant
The pace of technological change and advances in machine learning and quantitative methods will result in a “shake out” in investment management according to Campbell Harvey, Professor of Finance at Duke University.
Long horizon investors ‘a crazy bunch’
Asset owners should allocate capital where it is productive, which implies knowing where value is created in the real world. Jaap van Dam contemplates what it means to be a long-horizon investor.
Do long-term mandates produce better results?
About 11 years ago, the Towers Watson’s Thinking Ahead Group came up with the concept of investors appointing managers for 10-year mandates. The consulting arm then started talking to clients about it in 2004/05 and the early mandates have now matured. So did it work? Do longer-term mandates produce outperformance, better behaviour and more security?
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