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FIS event tackles debt, inflation, China
Investors all over the world are pondering the inflationary environment. Is inflation coming? Will it stick? What does it mean for investments? Is stagflation possible and how should portfolios be hedged? The Fiduciary Investors Symposium will take a deep dive into the inflationary expectations of investors and look to history as a guide on asset class performance during different inflationary regimes.
Strategic implications drive climate change study
The 14 institutional investors participating in the climate change strategic asset allocation study, a collaborative between Mercer, Carbon Trust and the IFC, will all receive individual portfolio scenario analysis of how physical and policy climate change-related events could affect their portfolio at an asset allocation level.
Basis Risk in Liability-Hedging Strategies
Recent pricing dislocations in U.S. fixed-income markets have illustrated there is more to hedging a liability’s interest rate risk than simply matching its duration. Basis risk – in the context of liability hedging – is the risk that the changes in the market value of assets, designated as a hedge, will deviate from the changes
CalPERS seeks real estate consultants
CalPERS is seeking consulting firms for a dedicated real estate Spring-fed pool, the first competitive selection process since 2003, with five-year contracts to begin in July next year.
Is Bigger Better?
This updated version of the paper by the Rotman School, shows substantial positive scale economies in pension funds, with the largest plans outperforming smaller ones by 43-50 basis points per year. Between a third and one half of these gains arise from cost savings related to internal management, where costs are at least three times
The world’s most influential capital
The 100 largest asset owners have a huge worldwide impact. As global markets evolve, they’ll need proactive leaders, the right technology and good public policy to help shape a better economy.
CalPERS’ infrastructure consultant cuts fees
CalPERS has appointed a lead infrastructure consultant from its list of four shortlisted candidates that included Meketa Investment Group, Pension Consulting Alliance, RV Kuhns and Wilshire, with the appointed consultant offering a reduced fee structure as part of its contract.
Harvard endowment goes net zero by 2050
The Harvard endowment is about half way through its transition to external investment management and will work with its service providers to implement the university’s new directive, to position the portfolio in line with net-zero greenhouse gas emissions by 2050.
Malaysia’s Khazanah ramps up developed market bets
Malaysia’s $34 billion Khazanah Nasional has been increasing its public and private equity exposure to developed markets for the past eight years. CIO Hisham Hamdan chats about the journey and the pivot away from the fund’s traditionally emerging markets focus.
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